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

• US 8,712,874 B2
• Filed: 08/06/2013
• Issued: 04/29/2014
• Est. Priority Date: 12/07/2007
• 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
• Primary Examiner(s): Goyea, Olusegun
• Application Number:
  US13/960,180
• Publication Number:
  US 20130325675A1
• Time in Patent Office: 266 Days
• Field of Search: 705/16, 705/21, 705/26.1, 705/39, 705/41, 705/42, 707/999.01, 707/999.03, 235/379
• 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 system for viewing and organizing a user'"'"'s financial transaction data using a portable electronic device, the system comprising:

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

an application executed by a processor of the portable electronic device, the application comprising;

a transaction retrieval component configured to access the user'"'"'s financial transaction data, including line item data, and generate representations thereof viewable by a user on the display; and

a transaction categorization engine configured to associate a percentage or portion of selected ones of the user'"'"'s financial transaction data representations for a single transaction with one or more user-defined project category data representations;

wherein the application is further configured to perform a post-transaction operation based at least in part on the user'"'"'s financial transaction data.

2. The system of claim 1, wherein the post-transaction operation comprises displaying a rewards account associated with the user.

3. The system of claim 1, wherein the post-transaction operation comprises updating a rewards account associated with the user.

4. The system of claim 3, wherein the rewards account associated with the user is updated with the user'"'"'s financial transaction data in real time.

5. The system of claim 1, wherein the post-transaction operation comprises notifying the user about at least one of the following:

a coupon, a promotional offer, a purchase confirmation, or a receipt.

6. The system of claim 1, wherein the post-transaction operation comprises scheduling a delivery.

7. The system of claim 1, wherein the post-transaction operation comprises scheduling a future transaction.

8. A system for completing a transaction and for viewing and organizing a user'"'"'s financial transaction data using a portable electronic device, the system comprising:

a data storage unit for hosting a user'"'"'s financial transaction data, addressable on a network, and accessible by a remote user on a portable electronic device;

a display associated with the portable electronic device, the display being configured to present a menu of products or services associated with a merchant database;

user input means associated with the portable electronic device, the user input means being configured to;

interface with the merchant database,

select at least one product or service from the menu for purchase, and

enter payment information in exchange for the at least one product or service;

an application executed by a processor of the portable electronic device, the application comprising;

a transaction retrieval component configured to access the user'"'"'s financial transaction data, including the financial transaction data associated with the user'"'"'s purchase of the at least one product or service, and generate representations thereof viewable by a user on the display, wherein the financial transaction data includes line item data;

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

a transaction categorization engine configured to associate a percentage or portion of selected ones of the user'"'"'s financial transaction data representations for a single transaction with one or more of the user-defined project category data representations; and

a data record generation engine configured 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.

9. The system of claim 8, wherein the menu of products or services includes product-level information.

10. The system of claim 8, wherein the menu of products or services includes service level-information.

11. The system of claim 8, wherein the menu of products or services includes store-specific information.

12. The system of claim 8, wherein the application is further configured to perform a post-transaction operation based on the user'"'"'s financial transaction data.

13. The system of claim 12, wherein the post-transaction operation comprises displaying a rewards account associated with the user.

14. The system of claim 12, wherein the post-transaction operation comprises updating a rewards account associated with the user.

15. The system of claim 12, wherein the rewards account associated with the user is updated with the user'"'"'s financial transaction data in real time.

16. The system of claim 12, wherein the post-transaction operation comprises notifying the user about at least one of the following:

a coupon, a promotional offer, a purchase confirmation, or a receipt.

17. The system of claim 12, wherein the post-transaction operation comprises scheduling a delivery.

18. The system of claim 12, wherein the post-transaction operation comprises scheduling a future transaction.

19. A system for viewing and organizing a user'"'"'s financial transaction data and rewards information using a portable electronic device, the system comprising:

a point of sale (“

POS”

) terminal for processing a sale of at least one product or service, the POS terminal being associated with a merchant;

a data storage unit for hosting a user'"'"'s financial transaction, addressable on a network, and accessible by a remote user on a portable electronic device;

a rewards account associated with both the user and the merchant;

user input means configured to access the rewards account on the portable electronic device;

a display associated with the portable electronic device, the display being capable of presenting information associated with the rewards account to the user, wherein the rewards account information includes line-item information associated with the sale of the at least one product or service at the POS terminal;

an application executed by a processor of the portable electronic device, the application comprising;

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

a transaction categorization engine configured to associate a percentage or portion of selected ones of the user'"'"'s financial transaction data representations for a single transaction with one or more user-defined project category data representations.