MONITORING RETAIL TRANSACTIONS ASSOCIATED WITH A FINANCIAL INSTITUTION-BASED MERCHANT OFFER PROGRAM AND DETERMINING SAVINGS METRICS
First Claim
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1. A method for providing savings monitoring in a financial institution-based merchant offer program, the method comprising:
- monitoring, via a computing device processor, merchant transactions conducted by a financial institution customer to identify one or more first merchant transactions, wherein the first merchant transactions are based on customer acceptance of first merchant offers associated with the financial institution-based merchant offer program;
determining, via a computing device processor, one or more savings metrics associated with the first customer transactions and based on savings realized from acceptance of the first merchant offers; and
providing the one or more savings metrics to the financial institution customer.
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Abstract
Embodiments of the invention provide for monitoring transactions and providing related savings metrics in association with a financial institution-based merchant offer program. Since the transaction monitoring occurs at the financial institution level, the savings metrics may include both amounts saved by accepting the merchant offers associated with the program and savings amounts lost by conducting a transaction absent a merchant offer when an applicable merchant offer was available.
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Citations
42 Claims
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1. A method for providing savings monitoring in a financial institution-based merchant offer program, the method comprising:
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monitoring, via a computing device processor, merchant transactions conducted by a financial institution customer to identify one or more first merchant transactions, wherein the first merchant transactions are based on customer acceptance of first merchant offers associated with the financial institution-based merchant offer program; determining, via a computing device processor, one or more savings metrics associated with the first customer transactions and based on savings realized from acceptance of the first merchant offers; and providing the one or more savings metrics to the financial institution customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. An apparatus for providing savings monitoring in a financial institution-based merchant offer program, the apparatus including:
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a computing platform including at least one processor and a memory; a financial institution-based merchant offer program application stored in the memory, executable by the processor and configured to communicate merchant offers to financial institution customers based on authentication of the customer; a transaction monitoring routine stored in the memory, executable by the at least one processor and configured to monitor merchant transactions to identify one or more first merchant transactions, wherein the first merchant transactions are based on customer acceptance of first merchant offers associated with the financial institution-based merchant offer program; and a savings metric determination routine stored in the memory, executable by the processor and configured to determining one or more savings metrics associated with the first customer transactions and based on savings realized from acceptance of the first merchant offers. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A computer program product comprising:
a computer-readable medium comprising; a first set of codes for causing a computer to monitor merchant transactions conducted by a financial institution customer to identify one or more first merchant transactions, wherein the first merchant transactions are based on customer acceptance of first merchant offers associated with the financial institution-based merchant offer program; a second set of codes for causing a computer to determine one or more savings metrics associated with the first customer transactions and based on savings realized from acceptance of the first merchant offers; and a third set of codes for causing a computer to provide the one or more savings metrics to the financial institution customer. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
Specification