Method and system for automatically obtaining and categorizing cash transaction data using a mobile computing system
US8996417B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Oct 13, 2011 |
| Grant date | Mar 31, 2015 |
| Priority date | — |
| Expiry date | Oct 13, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/3224
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial management system and a user mobile computing system are provided and geo-location data indicating the position of the user mobile computing system is monitored. One or more cash transaction triggers are defined which are used to indicate that a possible cash transaction is taking place, or has taken place, involving the user. When a cash transaction trigger is detected, the geo-location of the user mobile computing system at the time of the cash transaction trigger detection is automatically recorded and used to identify/determine a business associated with, or closest to, the geo-location. A potential cash transaction entry is then automatically generated including description and/or categorization data for the potential cash transaction entry selected/determined based, at least in part, on the identified/determined business.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.