Categorization of summarized information

• US 20060101323A1
• Filed: 12/01/2005
• Published: 05/11/2006
• Est. Priority Date: 06/01/1999
• Status: Active Grant

• Current Assignee: Yodlee Incorporated (Envestnet Incorporated)
• Original Assignee: Yodlee.com, Inc. (Envestnet Incorporated)
• Inventors: Satyavolu, Ramakrishna
• Granted Patent: US 7,752,535 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06F 16/9535 Search customisation based on user profiles and personalisation
• CPC Class Codes: G06F 16/972 Access to data in other repository systems, e.g. legacy data or dynamic Web page generation
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: H04L 67/02 based on web technology, e.g. hypertext transfer protocol [HTTP]
• CPC Class Codes: H04L 67/56 Provisioning of proxy services store-and-forward switching systems in data switching networks H04L12/54

Abstract

A system for categorizing transactions includes a collection function gathering information concerning transactions, including at least date, description and amount of the transactions, for a particular person or enterprise, and a processing function categorizing individual ones of the collected transactions according to at least part of the transaction description.

Claims

1. A system for categorizing transactions, comprising;

a collection function gathering information concerning transactions, including at least date, description and amount of the transactions, for a particular person or enterprise; and

a processing function categorizing individual ones of the collected transactions according to at least part of the transaction description.

2. The system of claim 1 further comprising a compilation function summarizing transactions in individual categories.

3. The system of claim 2 further comprising a reporting function reporting the summarized transactions to the particular person or enterprise.

4. The system of claim 1 wherein categorization is done according to category definition entered by the particular person or on behalf of the enterprise.

5. The system of claim 1 wherein categorization is done for a first plurality of persons or enterprises according to category definition entered by a second plurality of persons or enterprises.

6. The system of claim 1 wherein categories are developed from information taken from communication between clients and the system.

7. The system of claim 6 wherein a probability algorithm is used in developing categories.

8. The system of claim 1 wherein identifiers for categories are periodically amended according to further information collected and processed.

9. The system of claim 1 wherein the system collects the information concerning transactions from Internet-connected web sites adapted to provide account information to clients.

10. The system of claim 9 wherein the system reports to clients through the Internet network.

11. The system of claim 2 wherein the system further comprises a function storing past transaction history associated with the particular person or enterprise.

12. The system of claim 11 wherein the past transaction history is used to predict future transaction history.

13. A method for categorizing transactions, comprising;

(a) gathering information concerning transactions by a collection function, including at least date, description and amount of the transactions, for a particular person or enterprise; and

(b) categorizing individual ones of the collected transactions according to at least part of the transaction description by a processing function.

14. The method of claim 13 further comprising summarizing transactions in individual categories by a compilation function.

15. The method of claim 14 further comprising reporting the summarized transactions to the particular person or enterprise by a reporting function.

16. The method of claim 13 wherein categorization is done according to category definition entered by the particular person or on behalf of the enterprise.

17. The method of claim 13 wherein categorization is done for a first plurality of persons or enterprises according to category definition entered by a second plurality of persons or enterprises.

18. The method of claim 13 wherein categories are developed from information taken from communication between clients and the system.

19. The method of claim 18 wherein a probability algorithm is used in developing categories.

20. The method of claim 13 wherein identifiers for categories are periodically amended according to further information collected and processed.

21. The method of claim 13 wherein the system collects the information concerning transactions from Internet-connected web sites adapted to provide account information to clients.

22. The method of claim 21 wherein the system reports to clients through the Internet network.

23. The method of claim 14 wherein the method further comprises a step for storing past transaction history associated with the particular person or enterprise.

24. The method of claim 23 wherein the past transaction history is used to predict future transaction history.