US 2014/0006259 A1Published application

System for item level payment vehicle suggestion

AssigneeBank of America Corporation

InventorsDavid M. Grigg, Matthew A. Calman, Susan Smith Thomas, Elizabeth S. Votaw, Alicia C. Jones, Peter John Bertanzetti

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Abstract

Embodiments of the present invention allow a user to use multiple different payment vehicles in a single transaction to purchase a variety of different items wherein the different payment vehicles are chosen because of favorable payment terms associated with a category assigned to the item by receiving information about a transaction, assigning the items in the transaction to at least one category, determining a payment vehicle to use in completing the transaction for each item and using the communication device to transmit to the transaction device the information related to the payment vehicles determined for use in completing the transaction for each item.

Claims25

Dependent claims

A system comprising:

a user interface configured to receive input from a user and to display information to the user;
a communication device configured to transmit and receive information from a transaction device;
a memory comprising information related to more than one payment vehicles stored therein;
and
a processor communicably coupled to the user interface, the communication device and the memory, wherein the processor is configured to operate computer instruction code to:
receive information about a transaction, wherein the information comprises item level information about at least two items in the transaction;
assign the items in the transaction to at least a first item category and a second item category based on the item level information about the items, wherein the first item category and the second item category are based on a use of the items;
determine a payment vehicle to use in completing the transaction for the first item category and a payment vehicle to use in completing the transaction for the second item category;
and
use the communication device to transmit to the transaction device the information related to the first payment vehicle and the second payment vehicle determined for use in completing the transaction for each item.

7 more elements

A computer program product, comprising

a non-transitory computer-readable medium having computer-executable code stored thereon, the computer executable code comprising:
a first code portion stored in the memory and configured to receive information about a transaction, wherein the information comprises item level information about at least two items in the transaction;
a second code portion stored in the memory and configured to assign the items in the transaction to at least a first item category and a second item category based on the item level information about the items, wherein the first item category and the second item category are based on a use of the items;
a third code portion stored in the memory and configured to determine a payment vehicle to use in completing the transaction for the first item category and a payment vehicle to use in completing the transaction for the second item category;
and
a fourth code portion stored in the memory and configured to transmit to the transaction device information related to the first payment vehicle and the second payment vehicle determined for use in completing the transaction for each item.

3 more elements

Dependencies are inferred from the claim text.