US Patent:
20110320294, Dec 29, 2011
Inventors:
Elizabeth S. Votaw - Potomac MD, US
Christopher Thomas Guess - Geneva IL, US
Raymond Guy Johns - Wheaton IL, US
Assignee:
BANK OF AMERICA CORPORATION - Charlotte NC
International Classification:
G06Q 40/00
G06Q 20/00
G06Q 10/00
G06Q 30/00
US Classification:
705 17, 705 35, 705 39, 705 43
Abstract:
A system and method that assists a customer with budgeting includes receiving, at a processor, customer input indicating the customer's desire to create one or more budgeting accounts each defined to correspond with one or more items included in a customer spending budget. The method also includes receiving, at a processor, customer input regarding one or more rules corresponding to the one or more budgeting accounts. The rules, in various embodiments, include one or more funding rules configured to provide parameters for dictating credits for one or more budgeting accounts and/or one or more withdrawal rules configured to provide parameters for dictating debits for one or more budgeting accounts. The method also includes creating, using a processor, one or more budgeting accounts based at least in part on the received customer input. In some embodiments, a processing device applies the rules during a transaction and updates the one or more budgeting accounts.