Transaction recurrence engine

US8260645B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Sudeshna Banerjee · Waxhaw, US
• Shiba Madaan · Charlotte, US
• Sreedevi Gummuluri · Charlotte, US
• Debashis Ghosh · Charlotte, US
• Thayer Allison · Charlotte, US
• Kurt D. Newman · Matthews, US
• David Joa · Irvine, US

Key dates

• Filing date: Apr 27, 2009
• Grant date: Sep 4, 2012
• Expiry date: Feb 18, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the present invention relate apparatuses and methods that allow a financial institution to monitor, group, and store customer transaction data and determine market information therefrom according to recurrence patterns. For example, in one embodiment a financial institution uses a computerized apparatus to monitor recurrences in financial transactions across a plurality of financial accounts maintained by the financial institution for a plurality of different customers, where the computerized apparatus is configured to automatically track recurrences in transaction data.