USE OF E-RECEIPTS FOR CONSUMPTION TRACKING

• US 20150066687A1
• Filed: 11/07/2014
• Published: 03/05/2015
• Est. Priority Date: 07/26/2013
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Blackhurst, Jason P., Calman, Matthew A., Dintenfass, Katherine, Hanson, Carrie A., Bondesen, Laura C.
• Application Number:
  US14/535,834
• Publication Number:
  US 20150066687A1
• Time in Patent Office: Days
• US Class Current: 705/26.7
• CPC Class Codes: G06Q 30/0631 Item recommendations
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Embodiments related to tracking consumer consumption for purchased items are provided. In some embodiments, a system is provided that receives e-receipt data, including stack keeping unit (SKU) level data, from a customer and compares the e-receipt data with transaction data. The system identifies transactions associated with one or more customer goals based on the SKU level data and calculates a first quantity of consumption for each of the identified transactions.

Claims

1. A system for tracking consumer consumption of purchased items, the system comprising:

a computer apparatus including a processor and a memory; and

a tracking software module stored in the memory, comprising executable instructions that when executed by the processor cause the processor to;

receive e-receipt data comprising stock keeping unit (SKU) level data associated with a transaction from a customer, wherein the e-receipt data comprises at least one of a product information, a merchant information, transaction information, and shipping information;

retrieve a transaction data associated with the transaction from a financial institution account history of the customer, wherein the transaction data comprises at least one of transaction amount, transaction date, an account balance before execution of the transaction, an account balance after execution of the transaction, and a merchant associated with the transaction;

determine that data structure of the received e-receipt data and the data structure of the retrieved transaction data are dissimilar;

restructure the e-receipt data to ensure that the data structure of the e-receipt data is compatible with the data structure of the transaction data;

compare the e-receipt data with transaction data, wherein comparing further comprises categorizing e-receipt data and the transaction data based on at least a transaction date, a merchant associated with the transaction, and a transaction amount;

match the e-receipt data to one or more transactions based on the comparison, wherein the e-receipt data is matched with the one or more transactions based on at least one of a transaction date, a merchant identity, a transaction location, and a transaction amount;

identify transactions associated with one or more customer goals based on the SKU level data, wherein the one or more customer goals comprises at least one of a financial goal, a social goal, an environmental goal, and a health goal, wherein the transactions are categorized based on at least a transaction date, merchant, transaction amount, and transaction channels;

calculate a first quantity of consumption for each of the identified transactions;

determine the level of influence that each transaction has on the one or more customer goals, wherein the level of influence determines how much each of the one or more transactions influences the outcome of the one or more customer goals;

assign at least one weighted value to each of the transactions based on the level of influence based on at least the category associated with each of the identified transactions; and

provide a recommendation to the customer based on the weighted value and the one or more customer goals.

2. The system of claim 1, wherein the executable instructions further cause the processor to:

identify an overlapping transaction from the transactions that is assigned two or more weighted values, wherein each of the two or more weighted values are associated with different goals; and

determine that the first weighted value is greater than the second weighted value.

3. The system of claim 2, wherein the executable instructions further cause the processor to:

provide a recommendation to the customer based on the first weighted value.

4. The system of claim 2, wherein the executable instructions further cause the processor to:

provide a recommendation to the customer based on the second weighted value.

5. The system of claim 1, wherein the executable instructions further cause the processor to:

allow the user to synchronize one or more applications with the system;

import data from the one or more applications; and

assign at least one weighted value to each of the transactions based on the imported data.

6. The system of claim 1, wherein the executable instructions further cause the processor to:

receive customer input; and

identify the one or more customer goals based on the input.

7. The system of claim 1, wherein the executable instructions further cause the processor to:

calculate a second quantity of consumption associated with transactions occurring during a second period of time that predates the first period of time; and

compare the first quantity of consumption and the second quantity of consumption.

8. The system of claim 7, wherein the executable instructions further cause the processor to:

determine that the one or more customer goals have been reached based on the comparison of the first quantity of consumption and the second quantity of consumption.

9. The system of claim 7, wherein the executable instructions further cause the processor to:

determine that the one or more customer goals have not been reached based on the comparison of the quantities of consumption; and

provide a recommendation to the customer comprising transaction modifications.

10. A computer program product for tracking consumer consumption for purchased items, the computer program product comprising:

a non-transitory computer readable storage medium having computer readable program code embodied therewith, the computer readable program code comprising;

computer readable program code to receive e-receipt data comprising stock keeping unit (SKU) level data associated with a transaction from a customer, wherein the e-receipt data comprises at least one of a product information, a merchant information, transaction information, and shipping information;

computer readable program code to retrieve a transaction data associated with the transaction from a financial institution account history of the customer, wherein the transaction data comprises at least one of transaction amount, transaction date, an account balance before execution of the transaction, an account balance after execution of the transaction, and a merchant associated with the transaction;

computer readable program code to determine that data structure of the received e-receipt data and the data structure of the retrieved transaction data are dissimilar;

computer readable program code to restructure the e-receipt data to ensure that the data structure of the e-receipt data is compatible with the data structure of the transaction data;

computer readable program code to compare the e-receipt data with transaction data, wherein comparing further comprises categorizing e-receipt data and the transaction data based on at least a transaction date, a merchant associated with the transaction, and a transaction amount;

computer readable program code to match the e-receipt data to one or more transactions based on the comparison, wherein the e-receipt data is matched with the one or more transactions based on at least one of a transaction date, a merchant identity, a transaction location, and a transaction amount;

computer readable program code to identify transactions associated with one or more customer goals based on the SKU level data, wherein the one or more customer goals comprises at least one of a financial goal, a social goal, an environmental goal, and a health goal, wherein the transactions are categorized based on at least a transaction date, merchant, transaction amount, and transaction channels;

computer readable program code to calculate a first quantity of consumption for each of the identified transactions;

computer readable program code to determine the level of influence that each transaction has on the one or more customer goals, wherein the level of influence determines how much each of the one or more transactions influences the outcome of the one or more customer goals;

computer readable program code to assign at least one weighted value to each of the transactions based on the level of influence based on at least the category associated with each of the identified transactions; and

computer readable program code to provide a recommendation to the customer based on the weighted value and the one or more customer goals.

11. The computer program product of claim 10, further comprising computer readable program code configured to identify an overlapping transaction from the transactions that is assigned two or more weighted values, wherein each of the two or more weighted values are associated with different goals, determine that the first weighted value is greater than the second weighted value.

12. The computer program product of claim 10, further comprising computer readable program code configured to provide a recommendation to the customer based on the first weighted value or the second weighted value.

13. The computer program product of claim 10, further comprising computer readable program code configured to calculate a second quantity of consumption associated with transactions occurring during a second period of time that predates the first period of time, compare the first quantity of consumption and the second quantity of consumption , determine that the one or more customer goals have not been reached based on the comparison of the quantities of consumption;

and provide a recommendation to the customer comprising transaction modifications.

14. A computer-implemented method for tracking consumer consumption for purchased items, the method comprising:

receiving e-receipt data comprising stock keeping unit (SKU) level data associated with a transaction from a customer, wherein the e-receipt data comprises at least one of a product information, a merchant information, transaction information, and shipping information;

retrieving a transaction data associated with the transaction from a financial institution account history of the customer, wherein the transaction data comprises at least one of transaction amount, transaction date, an account balance before execution of the transaction, an account balance after execution of the transaction, and a merchant associated with the transaction;

determining that data structure of the received e-receipt data and the data structure of the retrieved transaction data are dissimilar;

restructuring the e-receipt data to ensure that the data structure of the e-receipt data is compatible with the data structure of the transaction data;

comparing the e-receipt data with transaction data, wherein comparing further comprises categorizing e-receipt data and the transaction data based on at least a transaction date, a merchant associated with the transaction, and a transaction amount;

matching the e-receipt data to one or more transactions based on the comparison, wherein the e-receipt data is matched with the one or more transactions based on at least one of a transaction date, a merchant identity, a transaction location, and a transaction amount;

identifying transactions associated with one or more customer goals based on the SKU level data, wherein the one or more customer goals comprises at least one of a financial goal, a social goal, an environmental goal, and a health goal, wherein the transactions are categorized based on at least a transaction date, merchant, transaction amount, and transaction channels;

calculating a first quantity of consumption for each of the identified transactions;

determining the level of influence that each transaction has on the one or more customer goals, wherein the level of influence determines how much each of the one or more transactions influences the outcome of the one or more customer goals;

assigning at least one weighted value to each of the transactions based on the level of influence based on at least the category associated with each of the identified transactions; and

providing a recommendation to the customer based on the weighted value and the one or more customer goals.

15. The computer-implemented method of claim 14, further comprising:

identifying, by a processor, an overlapping transaction from the transactions that is assigned two or more weighted values, wherein each of the two or more weighted values are associated with different goals; and

determining, by a processor, that the first weighted value is greater than the second weighted value.

16. The computer-implemented method of claim 15, further comprising providing a recommendation to the customer based on the first weighted value.

17. The computer-implemented method of claim 15, further comprising:

allowing the user to synchronize one or more applications with the system;

importing data from the one or more applications; and

assigning at least one weighted value to each of the transactions based on the imported data.

18. The computer-implemented method of claim 14, further comprising:

receiving customer input; and

identifying the one or more customer goals based on the input.

19. The computer-implemented method of claim 14, further comprising:

calculating, by a processor, a second quantity of consumption associated with transactions occurring during a second period of time that predates the first period of time; and

comparing, by a processor, the first quantity of consumption and the second quantity of consumption; and

determining, by a processor, that the one or more customer goals have been reached based on the comparison.

20. The computer-implemented method of claim 19, further comprising:

determining that the one or more customer goals have been reached based on the comparison of the first quantity of consumption and the second quantity of consumption.