TRANSACTION RECURRENCE ENGINE
First Claim
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1. An apparatus comprising:
- a transaction processing engine configured to process financial transactions involving a plurality of financial accounts owned by a plurality of different individuals; and
a transaction recurrence engine configured to monitor the financial transactions, track transaction recurrences occurring amongst the financial transactions, and provide output based on the transaction recurrences.
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Abstract
Embodiments of the present invention relate apparatuses and methods that allow a financial institution to monitor, group, and store customer transaction data and determine market information therefrom according to recurrence patterns. For example, in one embodiment a financial institution uses a computerized apparatus to monitor recurrences in financial transactions across a plurality of financial accounts maintained by the financial institution for a plurality of different customers, where the computerized apparatus is configured to automatically track recurrences in transaction data.
188 Citations
37 Claims
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1. An apparatus comprising:
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a transaction processing engine configured to process financial transactions involving a plurality of financial accounts owned by a plurality of different individuals; and a transaction recurrence engine configured to monitor the financial transactions, track transaction recurrences occurring amongst the financial transactions, and provide output based on the transaction recurrences. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A method performed by a financial institution, the method comprising:
using a computerized apparatus to monitor recurrences in financial transactions across a plurality of financial accounts maintained by the financial institution for a plurality of different customers, wherein the computerized apparatus is configured to automatically track recurrences in transaction data. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27)
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28. A method comprising:
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monitoring information associated with a transaction; using a processor to group recurrences of said information, wherein the processor is configured to identify and group transaction recurrences; and storing said recurrences in a computer-readable storage medium. - View Dependent Claims (29, 30, 31, 32, 33, 34, 35, 36, 37)
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Specification