Method and apparatus for implementing an activity watch for financial accounts
OwnerLawrence Westinventor
Life of this patent
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Abstract
One embodiment of the present invention provides a system that facilitates an “activity watch” operation on a financial account. During operation, the system receives records for transactions associated with the financial account. These records are received at a third-party server from a financial institution which maintains the financial account, wherein the third-party server is independent from the financial institution. Next, the system applies one or more rules to the records to determine whether an alert should be triggered. If a rule indicates that an alert should be triggered, the system sends the alert to a user who has an interest in the financial account.
Claims23
A method for performing an activity watch operation on a financial account, comprising:
- receiving records for transactions associated with the financial account;
- wherein the records are received at a third-party server from a financial institution which maintains the financial account, wherein the third-party server is independent from the financial institution;
- applying one or more rules to the records to determine whether an alert should be triggered;
- and
- if a rule indicates that an alert should be triggered, sending the alert to a user who has an interest in the financial account.
A computer-readable storage medium storing instructions that when executed by a computer cause the computer to perform a method for performing an activity watch operation on a financial account, the method comprising:
- receiving records for transactions associated with the financial account;
- wherein the records are received at a third-party server from a financial institution which maintains the financial account, wherein the third-party server is independent from the financial institution;
- applying one or more rules to the records to determine whether an alert should be triggered;
- and
- if a rule indicates that an alert should be triggered, sending the alert to a user who has an interest in the financial account.
An apparatus that performs an activity watch operation on a financial account, comprising:
- an receiving mechanism configured to receive records for transactions associated with the financial account;
- wherein the records are received at a third-party server from a financial institution which maintains the financial account, wherein the third-party server is independent from the financial institution;
- and
- an alert-triggering mechanism configured to,
- apply one or more rules to the records to determine whether an alert should be triggered, and
- if a rule indicates that an alert should be triggered, to send the alert to a user who has an interest in the financial account.
Dependencies are inferred from the claim text.