Flexible open origination

• US 9,940,669 B2
• Filed: 09/23/2014
• Issued: 04/10/2018
• Est. Priority Date: 03/08/2013
• Status: Active Grant

• Current Assignee: MX Technologies Inc.
• Original Assignee: MX Technologies Inc.
• Inventors: Caldwell, John Ryan
• Primary Examiner(s): Wong, Eric T
• Application Number:
  US14/494,560
• Publication Number:
  US 20150120425A1
• Time in Patent Office: 1,295 Days
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 30/0255 based on user history
• CPC Class Codes: G06Q 30/0261 based on user location
• CPC Class Codes: G06Q 30/0269 based on user profile or attribute
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

The disclosure extends to computer-implemented personal financial management tools, methods and systems for providing financial transaction data to users and attracting origination customers to a financial institution within a financial business computing environment. The disclosure also extends to a flexible Open Origination that allows any type of mobile, internet, online, personal financial management software, finance tool, or other useful function, device or software, that a bank or financial institution provides to account holders, and offers that same functionality to all users, regardless of their account status. Non-account holders can download and utilize the Banking Software in question in order to enjoy its features, and to become familiar with the experience of doing business with the bank or financial institution that provides the software. This method, system and software allows any user, regardless of where his/her accounts are located, to use the financial software and benefit from its functionality.

Claims

1. A method of flexible open origination, the method comprising:

determining a triggering event associated with a user who does not have an account with a financial institution based on one or more characteristics of the user;

in response to the triggering event, generating a notification that directs the user to download a software application to a mobile computing device over a computer network, the notification comprising a network link to a landing page where the software application can be downloaded, the software application comprising a financial management software application for managing one or more accounts associated with the user that are held at different financial institutions, the software application accessible by the user from within the financial institution'"'"'s system even though the user does not have an account with the financial institution;

deriving an incentive for downloading and using the software application, the incentive associated with the one or more characteristics of the user and correlated to the triggering event;

notifying the user of the incentive for downloading and using the software application;

receiving authentication information from the user for the software application from within the software application;

in response to verifying validity of the authentication information entered into the software application, logging the user into the software application;

receiving, over the computer network, user data entered into the software application; and

in response to the receiving of the user data, determining that the user has downloaded and used the software application and compensating the user according to the incentive.

2. The method of claim 1, wherein the software application allows non-account holders of the financial institution to add financial account information as the user data into the software application.

3. The method of claim 1, wherein the incentive is based on a characteristic of the user.

4. The method of claim 1, wherein the triggering event includes a determination that the mobile computing device is in a particular location.

5. The method of claim 1, wherein the triggering event includes a determination of a purchase by the user.

6. The method of claim 1, wherein the triggering event includes a determination that the mobile computing device was in a particular prior location.

7. The method of claim 1, wherein the triggering event includes a determination of online behavior of the user.

8. The method of claim 1, further comprising opening a new financial account for the user with the user data entered by the user into the software application.

9. The method of claim 8, wherein the new financial account is opened with a provider of the software application.

10. The method of claim 1, wherein the incentive is based on an outcome of a secondary event.

11. The method of claim 1, further comprising, upon selection by the user of the network link on the mobile computing device, automatically downloading the software application from a third party app store to the mobile computing device over the computer network.

12. The method of claim 1, wherein the triggering event includes a determination that the user responded to an advertisement regarding the software application that was presented to the user.

13. The method of claim 1, wherein the triggering event includes a determination that the user responded to a push notification regarding the software application that was presented to the user.

14. The method of claim 1, wherein the authentication information entered into the software application includes a passcode of the mobile computing device.

15. The method of claim 1, wherein the authentication information entered into the software application includes a username and a password.

16. The method of claim 1, wherein the verifying of the validity of the authentication information entered into the software application includes:

receiving an email address entered into the software application;

sending an email that includes a token to the email address;

receiving the token entered into the software application; and

verifying the validity of the token entered into the software application.

17. The method of claim 16, wherein the token is included in the email as a link that is configured, upon selection by the user, to be automatically received by and entered into the software application without requiring the user to manually enter the token into the software application.

18. A method of flexible open origination, the method comprising:

determining a triggering event associated with a user who does not have an account with a financial institution based on one or more characteristics of the user;

in response to the triggering event, directing a user to download a mobile app from a third party app store to a mobile computing device over a wireless network, the mobile app comprising personal financial management software (“

PFM”

) for managing one or more accounts associated with the user that are held at different financial institutions, the mobile app accessible by the user from within the financial institution'"'"'s system even though the user does not have an account with the financial institution;

deriving an incentive for downloading and using the mobile app, the incentive associated with the one or more characteristics of the user and correlated to the triggering event;

notifying the user of the incentive for downloading and using the mobile app;

in response to verifying validity of authentication information entered into the mobile app, logging the user into the mobile app;

receiving, over the wireless network, user data entered into the mobile app; and

in response to the receiving of the user data, determining that the user has downloaded and used the mobile app and compensating the user according to the incentive.

19. The method of claim 18, wherein the PFM software allows non-account holders of the financial institution to add financial account information as the user data into the mobile app.

20. The method of claim 18, wherein the one or more characteristics of the user comprises one or more of a location of the user, a purchase of the user, a previous location of the user, online behavior of the user, and an outcome of a sporting event.

21. The method of claim 18, wherein the triggering event includes a determination that the mobile computing device is in a particular geographic location or was in a particular prior geographic location.

22. The method of claim 18, further comprising opening a new financial account for the user with a provider of the mobile app using the user data entered by the user into the mobile app.

23. The method of claim 18, wherein the triggering event includes a determination that the user responded to an advertisement regarding the mobile app that was presented to the user or a determination that the user responded to a push notification regarding the mobile app that was presented to the user.

24. The method of claim 18, wherein the authentication information entered into the mobile app includes a passcode of the mobile computing device, a username and a password, or some combination thereof.

25. The method of claim 18, wherein the verifying of the validity of the authentication information entered into the mobile app includes:

receiving an email address entered into the mobile app;

sending an email that includes a token to the email address;

receiving the token entered into the mobile app; and

verifying the validity of the token entered into the mobile app.

26. The method of claim 25, wherein the token is included in the email as a link that is configured, upon selection by the user, to be automatically received by and entered into the mobile app without requiring the user to manually enter the token into the mobile app.