Method and system for electronically tracking financial transactions
November 24, 2015. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesFinancial data processing system Securities brokerage-cash management system Financial data processing system Automated tax deposit processing system Method and system for remote delivery of retail banking services Automated billing consolidation system and method Automated purchasing control system Automated purchasing control system Automated billing consolidation system and method Patent #: 5684965 InventorsAssigneeApplicationNo. 275038 filed on 07/14/1994US Classes:705/40, Bill distribution or payment705/35, Finance (e.g., banking, investment or credit)902/24FOR USE WITH GENERAL PURPOSE TERMINAL* (E.G., HOME BANKING)ExaminersPrimary: Poinvil, FrantzyAttorney, Agent or FirmInternational ClassG06F 017/60AbstractA system and method automatically enters financial transactions such as credit card transactions into a financial account stored in a computer. A financial statement incorporating the transactions is provided in an electronic form understood by the computer, such as a computer data file, for updating the financial account. For a credit card account, the electronic statement includes one or more credit card transactions such as purchases. Before accepting the electronic statement, the process verifies that the electronic form of the statement has not been altered since its creation and therefore correctly reflects transactions in the original statement. In the process of entering the transactions, they are tracked by automatically assigning them to expense categories. First the process determines from the electronic statement if a payee for a transaction is of record in the computer and, if so, assigns the transaction to a category already associated with the payee. If not, the process next determines from the electronic statement a merchant category code such as a Standard Industry Code (SIC). The merchant category code is associated with a category recognized by the computer, and the transaction is assigned to the recognized category. If no recognized category exists, the process prompts the user for a category to which the transaction can be assigned.Other References
Field of SearchBANKINGChecks Certificates of deposit SALES DOCUMENT Accounting book AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT Including point of sale terminal or electronic cash register Having interface for record bearing medium or carrier for electronic funds transfer or payment credit Interconnection or interaction of plural electronic cash registers (ECRs) or to host computer (e.g., network detail, transfer of information from host to ECR or from ECR to ECR, etc.) Finance (e.g., banking, investment or credit) Including funds transfer or credit transaction Bill distribution or payment Remote banking (e.g., home banking) Including Automatic Teller Machine (i.e., ATM) Banking systems Credit or identification card systems Inventory FOR USE WITH GENERAL PURPOSE TERMINAL* (E.G., HOME BANKING) | |
