System for electronic notification of account activity

• US 6,064,990 A
• Filed: 03/31/1998
• Issued: 05/16/2000
• Est. Priority Date: 03/31/1998
• Status: Expired due to Term

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: International Business Machines Corporation
• Inventors: Goldsmith, Kevin Scott
• Primary Examiner(s): MacDonald, Allen R.
• Assistant Examiner(s): Alvarez, Raquel
• Application Number:
  US09/052,371
• Time in Patent Office: 777 Days
• Field of Search: 235/379, 235/420, 235/380, 380/24, 379/91.02, 379/91.01, 382/115, 705/18, 705/42, 705/44, 705/16, 705/17, 705/34, 705/39, 705/40, 705/52, 705/64, 705/69, 705/75, 902/24, 902/40, 340/825.34, 340/825.33
• US Class Current: 705/75
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/3678 e-cash details, e.g. blinded, divisible or detecting double spending
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation

Abstract

Disclosed is a system for notifying a user of account activity, such as a withdrawal from a savings or checking account. A computer system maintains information on financial accounts and electronic user contact information for at least one of the financial accounts, such as a telephone number, e-mail address or pager number. Information on a transaction with respect to one of the financial accounts is received and processed. The computer system then processes the information on the transaction and generates an electronic message providing information on the transaction. The user contact information for the financial account involved in the transaction is processed. The message is then electronically transmitted to the location identified by the user contact information for the financial account.

Claims

1. A method implemented within a financial institution computer system for notifying a user of account activity, wherein the account is maintained within the financial institution computer system, comprising:

(a) maintaining electronic information in the financial institution computer system on financial accounts;

(b) maintaining electronic user contact information for at least one of the financial accounts;

(c) processing information on a completed financial transaction with respect to one of the financial accounts in the financial institution computer system, wherein all completed financial transactions regardless of amount are processed;

(d) generating a message providing information on the completed transaction;

(e) processing the user contact information for the financial account involved in the completed transaction; and

(f) electronically transmitting the message immediately from the financial institution computer system to the location identified by the user contact information for the financial account.

2. The method of claim 1, wherein the financial transaction involves a decrement to the financial account.

3. The method of claim 1, wherein the steps of generating the message, processing the user contact information, and electronically transmitting the message are performed immediately after receiving the information on the completed transaction and processing the transaction information.

4. The method of claim 1, further including the steps of:

determining whether the user contact information includes at least one user e-mail address; and

upon determining that the user contact information includes at least one user e-mail address, performing the steps of;

(i) generating the message as an e-mail message; and

(ii) transmitting the e-mail message to the user e-mail addresses included in the user contact information.

5. The method of claim 4, further comprising the steps of:

transmitting the e-mail message to a messaging system that maintains e-mail messages sent to the user e-mail address; and

causing the transmittal of the e-mail message from the messaging system to a computer including an e-mail client, wherein the e-mail client has access to the user e-mail messages maintained in the messaging system.

6. The method of claim 5, further including the step of the causing the messaging system to transmit via a telecommunication means a notification message to the user after receiving the e-mail message, wherein the notification message indicates that the messaging system has received an e-mail transmitted to the user e-mail address.

7. The method of claim 1, further including the steps of:

determining whether the user contact information includes a telecommunication contact code; and

upon determining that the user contact information includes a telecommunication contact code, performing the steps of;

(i) generating the message for transmittal to a user telecommunication receiver accessible through the telecommunication contact code;

(ii) establishing a connection with the user telecommunication receiver; and

(iii) transmitting a notification of account activity to the user telecommunication receiver.

8. The method of claim 1, wherein the transaction concerns a change in the user contact information for the financial account and the message provides information on the change to the user contact information to the account.

9. The method of claim 1, wherein a financial institution computer system performs the steps of maintaining financial account information, maintaining electronic user contact information, receiving and processing transaction information, generating the message, processing the user contact information, and transmitting the message, further comprising the steps of:

transmitting the message providing information on the transaction to a user computer; and

causing the user computer to display the message after receiving the message in a user interface displayed on a display screen attached to the user computer.

10. The method of claim 9, further comprising the steps of:

maintaining within a file accessible to the user computer user financial account information;

running an application program on the user computer that is capable of accessing the file including user financial account information;

transferring data concerning the transaction from the message to the application program; and

updating with the application program the user financial account information maintained in the file with the transaction data.

11. A system for notifying a user of account activity, comprising:

(a) a computer system including a database including information on financial accounts and user contact information for at least one of the financial accounts, wherein the financial accounts are maintained in the financial institution computer system;

(b) program logic implemented in the financial institution computer system, comprising;

(i) means for processing information on a completed transaction with respect to one of the financial accounts in the computer system, wherein all completed financial transactions regardless of amount are processed;

(ii) means for generating an electronic message providing information on the completed transaction; and

(iii) means for processing the user contact information for the account involved in the completed transaction; and

(c) a communication port including means for electronically transmitting the electronic message immediately from the financial institution computer system to the location identified by the user contact information for the account.

12. The computer system of claim 11, wherein the program logic further includes:

means for determining whether the user contact information includes at least one e-mail address;

means for generating the message as an e-mail message upon determining that the user contact information includes an e-mail address; and

means for transmitting the e-mail message to the e-mail address included in the user contact information via the communication port.

13. The computer system of claim 12, wherein the program logic further includes:

means for transmitting the e-mail message to a messaging system that maintains e-mail messages sent to the user e-mail address; and

means for causing the transmittal of the e-mail message from the messaging system to a computer including an e-mail client, wherein the e-mail client has access to the user e-mail messages maintained in the messaging system.

14. The computer system of claim 13, wherein the program logic further includes means for causing the messaging system to transmit via a telecommunication means a notification message to the user after receiving the e-mail message, wherein the notification message indicates that the messaging system has received an e-mail transmitted to the user e-mail address.

15. The computer system of claim 11, wherein the program logic further includes:

means for determining whether the user contact information includes a telecommunication contact code;

means for generating the message for transmittal to a user telecommunication receiver accessible through the telecommunication contact code after determining that the user contact information includes a telecommunication contact code;

means for establishing a connection with the user telecommunication receiver; and

means for transmitting a notification of account activity to the user telecommunication receiver.

16. The computer system of claim 11, wherein the transaction concerns a change in the user contact information for the account and the message provides information on the change to the user contact information to the account.

17. The computer system of claim 11, further comprising:

a user computer including means for receiving the message providing information on the transaction; and

display means attached to the user computer for displaying information on the transaction included in the received message upon receiving the message.

18. The computer system of claim 17, wherein the user computer further includes:

means for maintaining within a file user financial account information;

means for executing an application program that is capable of accessing the file including user financial account information;

means for transferring data concerning the transaction from the message to the application program; and

means, performed by the application program, for updating the user financial account information maintained in the file with the transaction data.

19. An article of manufacture for use in programming a financial institution computer system maintaining a database including information on a plurality of user accounts, the article of manufacture comprising a computer usable storage medium having at least one computer program stored therein that causes the financial institution computer system to perform the steps of:

(a) maintaining electronic information on financial accounts in the financial institution computer system;

(b) maintaining electronic user contact information for at least one of the financial accounts;

(c) processing information on a completed transaction with respect to one of the financial accounts, wherein all completed financial transactions regardless of amount are processed;

(d) generating a message providing information on the completed transaction;

(e) processing the user contact information for the financial account involved in the completed transaction; and

(f) electronically transmitting the message immediately from the computer system to the location identified by the user contact information for the financial account.

20. The article of manufacture of claim 19, wherein the financial transaction involves a decrement to the financial account.

21. The article of manufacture of claim 19, wherein the steps of generating the message, processing the user contact information, and electronically transmitting the message are performed immediately after processing the completed transaction.

22. The article of manufacture of claim 19, further causing the computer system to perform the steps of:

determining whether the user contact information includes at least one user e-mail address; and

upon determining that the user contact information includes at least one user e-mail address, performing the steps of;

(i) generating the message as an e-mail message; and

(ii) transmitting the e-mail message to the user e-mail addresses included in the user contact information.

23. The article of manufacture of claim 22, further comprising the steps of:

transmitting the e-mail message to a messaging system that maintains e-mail messages sent to the user e-mail address; and

causing the transmittal of the e-mail message from the messaging system to a computer including an e-mail client, wherein the e-mail client has access to the user e-mail messages maintained in the messaging system.

24. The article of manufacture of claim 23, further including the step of transmitting with the messaging system via a telecommunication means a notification message to the user after receiving the e-mail message, wherein the notification message indicates that the messaging system has received an e-mail transmitted to the user e-mail address.

25. The article of manufacture of claim 19, further including the steps of:

determining whether the user contact information includes a telecommunication contact code;

upon determining that the user contact information includes a telecommunication contact code, performing the steps of;

(i) generating the message for transmittal to a user telecommunication receiver accessible through the telecommunication contact code;

(ii) establishing a connection with the user telecommunication receiver; and

(iii) transmitting a notification of account activity to the user telecommunication receiver.

26. The article of manufacture of claim 19, wherein the transaction concerns a change in the user contact information for the financial account and the message provides information on the change to the user contact information to the account.

27. The article of manufacture of claim 19, further including at least one user computer program stored in a computer readable storage medium within a user computer, wherein a financial institution computer system performs the steps of maintaining financial account information, maintaining electronic user contact information, receiving and processing transaction information, generating the message, processing the user contact information, and transmitting the message, wherein the message is transmitted to the user computer, and wherein the computer program causes the user computer to perform the step of causing the user computer to display the message after receiving the message in a user interface displayed on a display screen attached to the user computer.

28. The article of manufacture of claim 27, wherein the user computer programs further cause the user computer to perform the steps of:

maintaining within a file accessible to the user computer user financial account information;

running an application program on the user computer that is capable of accessing the file including user financial account information;

transferring data concerning the transaction from the message to the application program; and

updating with the application program the user financial account information maintained in the file with the transaction data.