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SYSTEM AND METHOD FOR AUTOMATED TRANSACTION SPLITTING

  • US 20090240605A1
  • Filed: 03/24/2008
  • Published: 09/24/2009
  • Est. Priority Date: 03/24/2008
  • Status: Active Grant
First Claim
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1. A method of automatically splitting a financial transaction into multiple categories, the method comprising:

  • maintaining a record of multiple transactions conducted with a first payee by one or more users including a first user;

    identifying a plurality of categories for categorizing the multiple transactions;

    calculating a first model transaction representative of the multiple transactions;

    identifying a new transaction conducted by the first user with the first payee; and

    automatically splitting the new transaction based on the first model transaction.

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