SYSTEMS AND METHODS FOR PROVIDING POSITION-BASED BUDGETING INFORMATION

• US 20120197773A1
• Filed: 01/31/2011
• Published: 08/02/2012
• Est. Priority Date: 01/31/2011
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Grigg, David M., Votaw, Elizabeth S.
• Application Number:
  US13/018,238
• Publication Number:
  US 20120197773A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Various embodiments include a position-based budgeting system that uses the location of a consumer'"'"'s mobile device relative to one or more merchants to determine relevant budget information to communicate to the consumer'"'"'s mobile device. For example, when the consumer and his or her mobile device approach or enter a coffee shop, a budget account name and budget information (e.g., how much has been spent for the month and how much is left in the budget) associated with coffee shop purchases is displayed on the consumer'"'"'s mobile device. The system may also be configured to display gift card balances associated with a particular merchant when the consumer approaches or enters the merchant'"'"'s store.

Claims

1. A computer-implemented method comprising:

receiving location information for a consumer'"'"'s mobile device;

identifying a merchant that is located within a particular distance range of the consumer'"'"'s mobile device;

retrieving, from a memory, budget information associated with the consumer and the merchant; and

communicating at least a portion of the budget information to the consumer'"'"'s mobile device, the at least a portion of the budget information being displayable thereon.

2. The computer-implemented method of claim 1, wherein the budget information associated with the consumer and the merchant comprises:

information about an amount of money available on a gift card that is held by the consumer and can be used at the merchant.

3. The computer-implemented method of claim 1, wherein the budget information associated with the consumer and the merchant comprises:

information about an amount of money that the consumer has spent at the merchant within a particular period of time.

4. The computer-implemented method of claim 1, wherein retrieving budget information associated with the consumer and the merchant comprises:

identifying a category associated with the merchant; and

retrieving, from the memory, budget information associated with a budget, the budget being associated with the category.

5. The computer-implemented method of claim 4, wherein the budget comprises a consumer-defined amount of money available to be spent within the category over a particular period of time.

6. The computer-implemented method of claim 4, wherein the budget information comprises a balance associated with the budget.

7. The computer-implemented method of claim 4, wherein the category comprises a product type.

8. The computer-implemented method of claim 4, wherein the category comprises a merchant type.

9. The computer-implemented method of claim 8, wherein the merchant type corresponds to a merchant category code.

10. The computer-implemented method of claim 8, wherein the merchant type corresponds to a merchant category code, and identifying the merchant type further comprises:

identifying a name of the merchant from a list of one or more merchant names associated with the merchant category code; and

retrieving a merchant type associated with the name of the merchant from a merchant type list.

11. The computer-implemented method of claim 8, wherein identifying the merchant type further comprises:

identifying a name of the merchant; and

retrieving a merchant type associated with the name of the merchant from a merchant type list.

12. The computer-implemented method of claim 1, wherein receiving location information for the consumer'"'"'s mobile device comprises receiving location information from a global positioning system.

13. The computer-implemented method of claim 1, wherein receiving location information for the consumer'"'"'s mobile device comprises receiving information about interaction between the consumer'"'"'s mobile device and an electronic device located proximate the merchant.

14. The computer-implemented method of claim 1, wherein the particular distance range is between 0 feet and about 200 feet.

15. The computer-implemented method of claim 1, wherein the particular distance range is less than about 50 feet.

16. The computer-implemented method of claim 1, wherein the particular distance range is defined by the consumer.

17. The computer-implemented method of claim 1, wherein the particular distance range is zero and identifying the merchant that is located within the particular distance range of the consumer'"'"'s mobile device comprises identifying when the consumer'"'"'s mobile device enters the merchant'"'"'s facility.

18. The computer-implemented method of claim 1, wherein retrieving budget information associated with the consumer and the merchant comprises:

identifying a category associated with the merchant; and

retrieving, from the memory, budget information associated with a budget account, the budget account being associated with the category.

19. The computer-implemented method of claim 1, wherein the budget information comprises a balance associated with the budget account.

20. The computer-implemented method of claim 1, wherein the budget information associated with the consumer and the merchant comprises:

balance information associated with a spending account, the spending account being associated with the merchant.

21. The computer-implemented method of claim 20 wherein the spending account corresponds to a gift card issued by the merchant, and the balance information comprises a spending balance for the gift card.

22. The computer-implemented method of claim 1, further comprising:

identifying at least a first merchant and a second merchant that are located within a particular distance range of the consumer'"'"'s mobile device;

retrieving, from a memory, first budget information associated with the first merchant and second budget information associated with the second merchant;

communicating information regarding existence of the first budget information and the second budget information to the consumer'"'"'s mobile device;

in response to receiving a selection from the consumer'"'"'s mobile device to view the first budget information, communicating at least a portion of the first budget information to the consumer'"'"'s mobile device, the at least a portion of the first budget information being displayable thereon; and

in response to receiving a selection from the consumer'"'"'s mobile device to view the second budget information, communicating at least a portion of the second budget information to the consumer'"'"'s mobile device, the at least a portion of the second budget information being displayable thereon.

23. An apparatus comprising:

a positioning system configured to determine location information for a consumer'"'"'s mobile device;

a computer system configured to;

use the location information to determine that the consumer'"'"'s location is within a predetermined distance range from a merchant; and

retrieve, from a memory, budget information associated with the consumer and the merchant; and

a communication system configured to communicate at least a portion of the budget, minute information to the consumer'"'"'s mobile device, the at least a portion of the budget information being displayable thereon.

24. The apparatus of claim 23, wherein the budget information associated with the consumer and the merchant comprises:

information about an amount of money available on a gift card that is held by the consumer and can be used at the merchant.

25. The apparatus of claim 23, wherein the budget information associated with the consumer and the merchant comprises:

information about an amount of money that the consumer has spent at the merchant within a particular period of time.

26. The apparatus of claim 23, wherein the computer system is configured to retrieve budget information associated with the consumer and the merchant by:

identifying a category associated with the merchant; and

retrieving, from the memory, budget information associated with a budget, the budget being associated with the category.

27. The apparatus of claim 26, wherein the budget comprises a consumer-defined amount of money available to be spent within the category over a particular period of time.

28. The apparatus of claim 26, wherein the budget information comprises a balance associated with the budget.

29. The apparatus of claim 26, wherein the category comprises a product type.

30. The apparatus of claim 26, wherein the category comprises a merchant type.

31. The apparatus of claim 23, wherein the budget information associated with the consumer and the merchant comprises:

balance information associated with a spending account, the spending account being associated with the merchant.

32. A computer program product for a mobile commerce system, the computer program product comprising at least one non-transitory computer-readable medium having computer-executable code portions embedded therein, the computer-executable program code portions comprising:

a first executable portion configured for receiving location information for a consumer'"'"'s mobile device;

a second executable portion configured for identifying a merchant that is located within a particular distance range of the consumer'"'"'s mobile device;

a third executable portion configured for retrieving, from a memory, account information associated with a budget that relates to the merchant and the consumer; and

a fourth executable portion configured for communicating at least a portion of the account information to the consumer'"'"'s mobile device, the at least a portion of the account information being displayable thereon.