Tracking and managing group expenditures

US10963847B2 · kind B2 · utility

Assignee

• Google LLC · US

Inventors

• Travis Harrison Kroll Green · New York, US
• Narelle Cozens · New York, US
• Peter Schmitt · Jersey City, US
• Michael DePasquale · Rutherford, US
• Avery Pennarun · Montréal, CA
• Boris Mizhen · Brooklyn, US

Key dates

• Filing date: Sep 6, 2019
• Grant date: Mar 30, 2021
• Expiry date: Sep 6, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A group including plurality of users is established. A transaction record is maintained for the group that includes a plurality of payment transactions. Each of the plurality of payment transactions involves at least one user of the group. Additionally, a balance is maintained that indicates an amount owed by a first user of the group to a second user of the group based on one or more of the plurality of payment transactions. When a settling event occurs, the balance is settled by initiating a transfer of funds between the first user and the second user.