Method and system for modifying financial transaction categorization lists based on input from multiple users

• US 8,346,664 B1
• Filed: 11/05/2008
• Issued: 01/01/2013
• Est. Priority Date: 11/05/2008
• Status: Active Grant

• Current Assignee: Intuit, Inc.
• Original Assignee: Intuit, Inc.
• Inventors: Klieman, Michael S., Reeth, Kevin M. II, Wells, Joseph William III, Zimmerman, Jeffrey
• Primary Examiner(s): Liu, Marissa
• Application Number:
  US12/265,021
• Time in Patent Office: 1,518 Days
• Field of Search: 705 1- 39, 719 1-318, 726 1- 28
• US Class Current: 705/42
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A system and method for modifying financial transaction categorization lists based on input from multiple users whereby, when a given user of a computing system implemented financial management system modifies their own list of possible categorizations for a given financial transaction, data indicating the given user'"'"'s modification of the given user'"'"'s own list of possible categorizations for a given financial transaction is obtained by the computing system implemented financial management system. The obtained data indicating the given user'"'"'s modification of their own list of possible categorizations for a given financial transaction is then used by the computing system implemented financial management system to create and/or modify a shared list of possible categorizations for a given financial transaction. The shared list of possible categorizations for a given financial transaction is then made available to, and/or used by, a community of users of the computing system implemented financial management system.

Claims

1. A computing system implemented process for modifying financial transaction categorization lists comprising executing via any set of one or more processors, steps comprising:

receiving financial transaction data including financial transactions associated with respective ones of two or more parties;

receiving respective individual lists of actual categorizations for one or more given financial transactions, each respective list of categorizations for one or more given financial transactions being associated with a different respective one of the two or more parties, and including categories that the respective parties have previously assigned various ones of the one or more given financial transactions;

obtaining data representing two or more of the respective individual lists of categorizations for one or more given financial transactions;

generating, using at least one of the processors of the set of processors, at least one shared list of categorizations for one or more given financial transactions, the at least one shared list of categorizations for one or more given financial transactions being based, at least in part, on the data representing the respective individual lists of categorizations for one or more given financial transactions, wherein the system is configured to be operable to produce at least one of the at least one shared list of categorizations for one or more given financial transactions as a filtered shared list of categorizations for one or more given financial transactions generated according to one or more segmentation rules,

further wherein the one or more segmentation rules are used to generate the filtered shared list of categorizations from data obtained from parties, at least one of the parties having one or more defined attributes, and wherein data obtained from parties having one or more defined attributes is weighted more heavily than data representing at least part of one or more of the party'"'"'s own lists of categorizations for one or more given financial transactions obtained from parties not having the one or more defined attributes; and

providing at least one party data representing the shared list of categorizations for one or more given financial transactions.

2. A computer program product for providing a process for modifying financial transaction categorization lists comprising:

a nontransitory computer readable medium;

and computer program code, encoded on the computer readable medium, comprising computer readable instructions which, when executed via any set of one or more processors, perform;

receiving financial transaction data including financial transactions associated with respective ones of two or more parties;

receiving respective individual lists of actual categorizations for one or more given financial transactions, each respective list of categorizations for one or more given financial transactions being associated with a different respective one of the two or more parties, and including categories that the respective parties have previously assigned various ones of the one or more given financial transactions;

obtaining data representing two or more of the respective individual lists of categorizations for one or more given financial transactions;

generating at least one shared list of categorizations for one or more given financial transactions, the at least one shared list of categorizations for one or more given financial transactions being based, at least in part, on the data representing the respective individual lists of categorizations for one or more given financial transactions, wherein the system is configured to be operable to produce at least one of the at least one shared list of categorizations for one or more given financial transactions as a filtered shared list of categorizations for one or more given financial transactions generated according to one or more segmentation rules,

further wherein the one or more segmentation rules are used to generate the filtered shared list of categorizations from data obtained from parties, at least one of the parties having one or more defined attributes, and wherein data obtained from parties having one or more defined attributes is weighted more heavily than data representing at least part of one or more of the party'"'"'s own lists of categorizations for one or more given financial transactions obtained from parties not having the one or more defined attributes; and

providing at least one party data representing the shared list of categorizations for one or more given financial transactions.