Systems and methods for dynamic savings based on actual use for network enabled properties

• US 10,692,056 B1
• Filed: 12/28/2015
• Issued: 06/23/2020
• Est. Priority Date: 12/28/2015
• Status: Active Grant

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Inventors: Garner, IV, Andrew J., Maiorana, Nick A., Roy, Rajib
• Primary Examiner(s): Kalinowski, Alexander G
• Assistant Examiner(s): Bunker, William B.
• Application Number:
  US14/980,230
• Time in Patent Office: 1,639 Days
• CPC Class Codes: G06Q 10/20 Administration of product repair or maintenance
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 50/163 Real estate management
• CPC Class Codes: G16Y 40/10 Detection; Monitoring
• CPC Class Codes: H04L 41/5029 Service quality level-based billing, e.g. dependent on measured service level customer is charged more or less
• CPC Class Codes: H04L 43/091 Measuring contribution of individual network components to actual service level
• CPC Class Codes: H04L 67/12 specially adapted for proprietary or special-purpose networking environments, e.g. medical networks, sensor networks, networks in vehicles or remote metering networks
• CPC Class Codes: H04L 67/306 User profiles
• CPC Class Codes: H04W 4/70 Services for machine-to-machine communication [M2M] or machine type communication [MTC]

Abstract

Systems and methods of automatically adjusting a transfer amount to an account on a financial institution computer system associated with a network enabled property from one or more accounts associated with users of the property are described. The methods can include creating a first account on the financial institution computer system with the account designated for maintenance, repair, or replacement of the network enabled property, receiving or identifying a designated amount of money to automatically transfer periodically to the account associated with the property from the one or more accounts associated with users of the property, and creating an automated periodic transfer between the accounts. After receiving data comprising amount of use by one or more users, the method may further include updating the amount of the automated periodic transfer based on at least the designated amount and the data comprising the amount of use by the users.

Claims

1. A method of dynamically rebalancing a transfer amount payable to a maintenance account established on a financial institution computer system, the account associated with a network enabled property and established for the benefit of a plurality of users of the network enabled property, the method comprising:

creating, by the financial institution computer system, the maintenance account designated to pay for the cost of maintenance, repair, or replacement of the network enabled property, wherein the network enabled property comprises a network interface in electronic communication with the financial institution computing system and at least one sensor configured to determine usage information associated with the network enabled property;

receiving from a manufacturer computing system via the network manufacturer data relevant to the network enabled property;

based on the manufacturer data, determining a first usage-based adjustable maintenance schedule, wherein the first usage-based maintenance schedule is based on estimated usage of the network enabled property;

based on the first usage-based maintenance schedule, determining a total transfer amount periodically payable by the users to the maintenance account;

based on the first usage-based adjustable maintenance schedule and the total transfer amount, determining a first amount periodically payable by a first user of the network enabled property and a second amount periodically payable by a second user to maintain the network enabled property according to the first usage-based adjustable maintenance schedule;

creating an automated transfer to the maintenance account from a first account, associated with the first user, of the first amount and from a second account, associated with the second user, of the second amount; and

periodically automatically adjusting the first adjustable maintenance schedule and the automated transfer, comprising;

receiving data, from the sensor, via the network interface of the network enabled property, the data comprising an amount of actual usage of the network enabled property, wherein the amount of actual usage comprises a first percentage of usage associated with the first user and a second percentage of usage associated with the second user; and

based on the amount of actual usage of the network enabled property, determining a second adjustable maintenance schedule; and

based on the second adjustable maintenance schedule, adjusting the total transfer amount by adjusting the first amount payable by the first user and the second amount payable by the second user based on the respective amount of actual usage by the first and second users, the adjusting comprising;

determining a new automated transfer amount based on an amount of time before an estimated time for maintenance according to the second adjustable maintenance schedule;

setting the first amount, payable by the first user, based on a first percentage of usage associated with the first user; and

setting the second amount, payable by the second user, based on a second percentage of usage associated with the second user.

2. The method of claim 1, further comprising:

receiving manufacturer data relevant to the network enabled property comprising an amount of usage until recommended replacement; and

comparing the data comprising amount of usage of the network enabled property to the amount of usage until recommended replacement.

3. The method of claim 1, wherein creating an automated transfer further comprises:

sending a request for a confirmation to create the automated transfer of the amount; and

receiving the confirmation, the creation of the automated transfer contingent on receiving the confirmation.

4. The method of claim 1, wherein the manufacturer data further includes expected lifetime based on amount of usage of either the network enabled property or a component of the network enabled property.

5. The method of claim 1, further comprising:

receiving values for the plurality of amounts of money, each respective value linked to a respective user account; and

creating a plurality of periodic transfers from each respective user account to the maintenance account, using the received values linked to each respective user account.

6. The method of claim 5, wherein at least one of the first amount and the second amount is calculated based at least on the comparison and a time period of the plurality of periodic transfers.

7. The method of claim 5, wherein adjusting the one of the plurality of periodic transfers further comprises:

receiving manufacturer data relevant to the network enabled property comprising an amount of usage until recommended replacement;

comparing the data comprising amount of usage of the network enabled property to the amount of usage until recommended replacement, wherein each respective updated value is calculated based at least on the comparison and a time period of the plurality of periodic transfers.

8. The method of claim 6, wherein the data received is the amount of usage of the network enabled property for one period of time of the plurality of periodic transfers.

9. The method of claim 5, wherein adjusting the one of the plurality of periodic transfers further comprises:

sending a request for a confirmation to adjust the one of the plurality of periodic transfers;

receiving the confirmation, the adjusting the one of the plurality of periodic transfers contingent on receiving the confirmation.

10. A system for dynamically rebalancing a transfer amount payable to a maintenance account on a financial institution computer system, the account associated with a network enabled property and established for the benefit of a plurality of users of the network enabled property, the system comprising:

a first network interface associated with the financial institution computer system;

a network enabled properties database configured to store maintenance, repair, or replacement information on a network enabled property; and

at least one processor configured to;

create the maintenance account designated to pay for the cost of maintenance, repair, or replacement of the network enabled property, wherein the network enabled property comprises a second network interface in electronic communication with the financial institution computing system and at least one sensor configured to determine usage information associated with the network enabled property;

receive from a manufacturer computing system via the network manufacturer data relevant to the network enabled property;

based on the manufacturer data, determine a first usage-based adjustable maintenance schedule, wherein the first usage-based maintenance schedule is based on estimated usage of the network enabled property;

based on the first usage-based maintenance schedule, determine a total transfer amount periodically payable by the users to the maintenance account;

based on the first usage-based adjustable maintenance schedule and the total transfer amount, determine a first amount periodically payable by a first user of the network enabled property and a second amount periodically payable by a second user to maintain the network enabled property according to the first usage-based adjustable maintenance schedule;

create an automated transfer to the maintenance account from a first account, associated with the first user, of the first amount and from a second account, associated with the second user, of the second amount; and

periodically automatically adjusting the first adjustable maintenance schedule and the automated transfer, comprising operations to;

receive data, from the sensor, via the network interface of the network enabled property, the data comprising an amount of actual usage of the network enabled property, wherein the amount of actual usage comprises a first percentage of usage associated with the first user and a second percentage of usage associated with the second user; and

based on the amount of actual usage of the network enabled property, determine a second adjustable maintenance schedule; and

based on the second adjustable maintenance schedule, adjust the total transfer amount, comprising operations structured to adjust the first amount payable by the first user and the second amount payable by the second user based on the respective amount of actual usage by the first and second users, the operations to adjust further comprising operations structured to;

determine a new automated transfer amount based on an amount of time before an estimated time for maintenance according to the second adjustable maintenance schedule;

set the first amount, payable by the first user, based on a first percentage of usage associated with the first user; and

set the second amount, payable by the second user, based on a second percentage of usage associated with the second user.

11. The system of claim 10, wherein the processor is further configured to:

receive manufacturer data relevant to the network enabled property comprising an amount of usage until recommended replacement; and

compare the data comprising amount of usage from the one or more network enabled property to the amount of usage until recommended replacement.

12. The system of claim 10, wherein the data comprises the amount of usage for one period of time of automated transfer.

13. The system of claim 10, wherein the processor is further configured to:

send a request for a confirmation to update the automated transfer to usage the first adjusted amount and the second adjusted amount; and

receive the confirmation, the updating the automated transfer contingent on receiving the confirmation.

14. The system of claim 10, wherein the manufacturer data further includes expected lifetime based on amount of usage of either the network enabled property or a component of the network enabled property.

15. A non-transitory computer-readable media having computer-executable instructions embodied therein that, when executed by one or more processors, of a computer system cause the computer system to perform a process for dynamically rebalancing a transfer amount payable to a maintenance account on a financial institution computer system, the account associated with a network enabled property and established for the benefit of a plurality of users of the network enabled property, the process performed by the computer system including:

creating, using the financial institution computer system, the maintenance account designated to pay for the cost of maintenance, repair, or replacement of the network enabled property, wherein the network enabled property comprises a network interface in electronic communication with the financial institution computing system and at least one sensor configured to determine usage information associated with the network enabled property;

receiving from a manufacturer computing system via the network manufacturer data relevant to the network enabled property;

based on the manufacturer data, determining a first usage-based adjustable maintenance schedule, wherein the first usage-based maintenance schedule is based on estimated usage of the network enabled property;

based on the first usage-based maintenance schedule, determining a total transfer amount periodically payable by the users to the maintenance account;

based on the first usage-based adjustable maintenance schedule and the total transfer amount, determining a first amount periodically payable by a first user of the network enabled property and a second amount periodically payable by a second user to maintain the network enabled property according to the first usage-based adjustable maintenance schedule;

creating an automated transfer to the maintenance account from a first account, associated with the first user, of the first amount and from a second account, associated with the second user, of the second amount; and

periodically automatically adjusting the first adjustable maintenance schedule and the automated transfer, comprising;

receiving data, from the sensor, via the network interface of the network enabled property, the data comprising an amount of actual usage of the network enabled property, wherein the amount of actual usage comprises a first percentage of usage associated with the first user and a second percentage of usage associated with the second user; and

based on the amount of actual usage of the network enabled property, determining a second adjustable maintenance schedule; and

based on the second adjustable maintenance schedule, adjusting the total transfer amount by adjusting the first amount payable by the first user and the second amount payable by the second user based on the respective amount of actual usage by the first and second users, the adjusting comprising;

determining a new automated transfer amount based on an amount of time before an estimated time for maintenance according to the second adjustable maintenance schedule;

setting the first amount, payable by the first user, based on a first percentage of usage associated with the first user; and

setting the second amount, payable by the second user, based on a second percentage of usage associated with the second user.