Automated debundling and categorization of purchases

US12125062B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Eric Dryer · Charlotte, US
• Pratap Dande · Pomona Park, US
• Kevin A. Delson · Calabasas, US
• Gilbert Gatchalian · Union, US
• Lalit Dhawan · Willingboro, US
• Linda Haddad · San Francisco, US
• Morgan S. Allen · Waxhaw, US

Key dates

• Filing date: Dec 2, 2022
• Grant date: Oct 22, 2024
• Expiry date: Dec 2, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0257
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A bot automatically compiles transaction information for a consumer from merchants that sell products in various categories and merchants that sell products in only a single category. The bot categorizes the consumer's purchases from the merchants and determines percentages of consumer spending in each category. The bot may obtain a category for purchases from merchants selling a single category of items based on a merchant identifier such as a merchant code. For other merchants, the bot may obtain category information from the merchant or from an analysis of a category code, or a product or service description or identifier. The categories and percentages of the consumer's purchases may be provided by the bot to the consumer or to a third party. The bot may provide special offers and promotions to a consumer based on the compiled category information and percentage spending by the consumer by category.