Systems and methods for identification and automation of shared recurrent transactions based on transaction pattern detection

Number of patents in Portfolio can not be more than 2000

United States of America

PATENT NO 12243033
APP PUB NO 20240311780A1
SERIAL NO

18122072

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Abstract

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Systems and methods for implementing an automated process for detection of a shared recurring bills and identification of a set of corresponding person-to-person transactions associated with shared portions of the recurring bill. The identification process is prediction-based and contingent upon an analysis of a user's transaction records. A key aspect of the analysis is directed towards transaction amount data (fraction test) and occurrence patterns, derived from the transaction records, in order to identify a shared bill and a set of person-to-person (P2P) transfer transactions associated therewith. Upon identification of a set of P2P transfer transactions associated with a recurrent shared bill, an automation option may be provided to the user.

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Patent Owner(s)

  • CAPITAL ONE SERVICES, LLC

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Atkins, Phoebe Midlothian, US 58 29
Cheng, Ray Long Island City, US 12 108
Zhu, Xiaoguang New York, US 75 590

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