Devices, systems and methods for determining suggested action initiation times for interactions

A non-transitory computer-readable medium for determining a suggested action initiation time for an interaction conducted over a network between a computing device and an interacting party, the computer-readable medium comprising computer-executable instructions for:

• determining an interaction settlement due date for the interaction with the interacting party;
• querying, over the network, an interaction database storing historical interaction record(s) associated with historical interactions, to determine if a number of the historical interaction records related by one or more factors to the interacting party equals or exceeds one historical interaction record, and where the number of related historical interaction records equals or exceeds said one historical interaction record, the computer-executable instructions further for:
• retrieving from the interaction database historical interaction data from the related historical interaction record(s);
• determining from the retrieved historical interaction data a predicted processing time for the interaction with the interacting party;
• and
• determining, based on the interaction settlement due date and the predicted processing time, the suggested action initiation time;
• wherein the suggested action initiation time comprises a time by which an action for settling the interaction with the interacting party is suggested to be initiated to effect settlement of the interaction by the interaction settlement due date;
• wherein the historical interaction data comprises, for each of the related historical interaction record(s), interacting party location and processing time;
• the computer-executable instructions further for:
• determining, based on (i) the interacting party location and/or a computing device location, by reference to a buffer database comprising pre-established buffer times for one or more locations, and/or (ii) an average of the processing times from the retrieved historical interaction data from the related historical interaction record(s), a buffer time accounting for unpredictability in processing time associated with the interacting party location and/or the computing device location, wherein said determining the suggested action initiation time is further based on the buffer time;
• and
• communicating to a user of the computing device the suggested action initiation time.

A method for determining a suggested action initiation time for an interaction conducted over a network by a computing device, the computing device comprising at least one processor coupled to a memory and a communication module, the method comprising:

• determining an interaction settlement due date for an interaction with an interacting party;
• querying, over the network, an interaction database storing historical interaction records associated with historical interactions, to determine if a number of the historical interaction records related by one or more factors to the interacting party equals or exceeds one historical interaction record, and where the number of related historical interaction records equals or exceeds said one historical interaction record, the method further comprising:
• retrieving from the interaction database historical interaction data from the related historical interaction record(s);
• determining from the retrieved historical interaction data a predicted processing time for the interaction with the interacting party;
• and
• determining, based on the interaction settlement due date and the predicted processing time, the suggested action initiation time;
• wherein the suggested action initiation time comprises a time by which an action for settling the interaction with the interacting party is suggested to be initiated to effect settlement of the interaction by the interaction settlement due date;
• wherein the historical interaction data comprises, for each of the related historical interaction record(s), interacting party location and processing time;
• the method further comprising:
• determining, based on (i) the interacting party location and/or a computing device location, by reference to a buffer database comprising pre-established buffer times for one or more locations, and/or (ii) an average of the processing times from the retrieved historical interaction data from the related historical interaction record(s), a buffer time accounting for unpredictability in processing time associated with the interacting party location and/or the computing device location, wherein said determining the suggested action initiation time is further based on the buffer time;
• and
• communicating to a user of the computing device the suggested action initiation time.