System and method for associating financial transaction data with user's project data using a portable electronic device

• US 8,447,666 B1
• Filed: 07/07/2011
• Issued: 05/21/2013
• Est. Priority Date: 02/19/2009
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Keld, Marcia M.
• Primary Examiner(s): Goyea, Olusegun
• Application Number:
  US13/177,699
• Time in Patent Office: 684 Days
• Field of Search: 705/16, 705/21, 705/26.1, 705/41, 705/39, 705/42, 235/379, 707/999.01, 707/999.03
• US Class Current: 705/28
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/203 Inventory monitoring
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/10 Tax strategies
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07G 1/12 electronically operated digital data processing aspects G06Q20/00
• CPC Class Codes: H04M 1/72403 with means for local support of applications that increase the functionality

Abstract

This invention relates to a system for viewing and manipulating a user'"'"'s financial transaction data and a method for associating financial transaction data with a user'"'"'s project data using a portable electronic device.

Claims

1. A expense reporting system, comprising:

a portable electronic device comprising a processor and a data storage unit configured to address a remote data storage unit in order to receive financial transaction data;

an expense reporting application comprising;

a transaction retrieval component operable to access the user'"'"'s financial transaction data and generate representations thereof displayable on the display of the portable electronic device;

a category generation engine operable to generate user-defined project category data and representations thereof displayable on the display of the portable electronic device;

a transaction categorization engine operable to associate the user'"'"'s financial transaction data with the user-defined project category data, the transaction categorization engine being further operable to associate a desired portion or percentage of the user'"'"'s financial transaction data with one or more of the user-defined project category data, and optionally, disassociate the user'"'"'s financial transaction data from one or more associated user-defined project category data;

a data record generation engine operable to create a data record containing the user'"'"'s financial transaction data with the user-defined project category data, wherein the data record is in a form suitable for at least one of;

review, storage, modification, analysis, and exportation; and

a data record manipulation component for enabling a user to at least one of;

review a data record, modify a data record, store a data record, analyze a data record, and expert a data record, wherein the data record manipulation component at least enables the user to manually designate a fraction of a single transaction to be associated or disassociated with a selected one of the user-defined project category data representations.

2. The system of claim , further comprising a bar code generation component operable to generate a bar code.

3. The system of claim 2, wherein the bar code is readable at a point of service.

4. A computer implemented method for expense reporting, the method comprising:

accessing, using a portable electronic device connected to a network, a user'"'"'s financial transaction data;

displaying representations of the accessed user'"'"'s financial transaction data on a display of the portable electronic device;

defining project category data and generating representations thereof displayable on the display of the portable electronic device;

associating, using a transaction categorization engine, a percentage or portion of the user'"'"'s financial transaction data, represented by selected ones of the user'"'"'s financial transaction representations, with one or more of the user-defined project category data representations;

creating a data record having the user'"'"'s financial transaction data with user-defined project category data, wherein the data record is in a form suitable for at least one of;

review, storage, modification, analysis, and exportation and

enabling, using a data record manipulation component, the user to manually designate a fraction of a single transaction to be associated or disassociated with a selected one of the user-defined project category data representations.

5. The method of claim 4, further comprising:

enabling a user to at least one of;

review a data record, modify a data record, store a data record, analyze a data record, and export a data record.

6. The method of claim 4, further comprising:

dis-associating selected ones of the user'"'"'s financial transaction data from one or more associated user-defined project category data.

7. The method of claim 4, further comprising:

generating a bar code representing a project category.

8. The method of claim 4, further comprising:

automatically associating a user-defined project category represented by the bar code with the user'"'"'s financial transaction data.

9. The method of claim 4, wherein the user'"'"'s financial transaction data includes one or more of:

purchase data, product data, produce quantity data, purchase date data, purchase price data, vendor name data, vendor part number data, product name data, stock keeping unit (SKU) number data, tax data, discount data, receipt number data, universal product code data, barcode data, fee data, interest rate data, interest data, balance data, credit card data, debit card data, check data, line of credit access card data, line of credit transaction card data, and balance transfer data, employee data, contractor data, balance data, spending limit data.

10. A system for viewing and manipulating a user'"'"'s financial transaction data using a portable electronic device, comprising:

a processor connected to a data storage unit;

the data storage unit hosting the user'"'"'s financial transaction data, addressable by a network, and accessible by a remote user on a portable electronic device having a user input means and a display; and

an application comprising;

a transaction retrieval component operable to access the user'"'"'s financial transaction data and generate representations thereof viewable by a user on the display;

a category generation engine operable to generate user-defined project category data and representations thereof viewable to a user on the display;

a transaction categorization engine operable to associate selected ones of the user'"'"'s financial transaction data representations with one or more of the user-defined project category data representations, wherein the transaction categorization engine is further operable to associate a percentage or portion of the user'"'"'s financial transaction data represented by one of the selected ones of the user'"'"'s financial transaction representations with one or more of the user-defined project category data representations;

a data record generation engine operable to convert the graphical arrangement into a data record, wherein the data record is in a form suitable for at least one of review, storage, modifications, analysis, or exportation; and

a data record manipulation component operable to enable the user to manually designate a fraction of a single transaction to be associated or disassociated with a selected one of the user-defined project category data representations.

11. The system of claim 10, wherein the user'"'"'s financial transaction data includes any one or more of:

credit card transaction data, purchase data, product data, product quantity data, purchase date data, purchase price data, vendor name data, vendor part number data, product name data, stock keeping unit (SKU) number data, tax data, discount data, receipt number data, universal product code data, barcode data, fee data, interest rate data, interest data, balance data, debit card transaction data, check data, line of credit access card data, line of credit transaction card data, and balance transfer data.

12. The system of claim 10, further comprising a bar code generation component for generating a bar code representing the user-defined project category data.

13. The system of claim 12, wherein the bar code is readable at a point of service.

14. The system of claim 10, wherein the transaction categorization engine is further operable to dis-associate selected ones of the user'"'"'s financial transaction representations associated with one or more of the user-defined project category representations.