Use of e-receipts to determine insurance valuation
AssigneeBank of America Corporation
InventorsJason P. Blackhurst, Katherine Dintenfass, Matthew A. Calman, Laura C. Bondesen, Carrie A. Hanson
Life of this patent
Estimating the term…
Abstract
Embodiments for determining insurance valuations are included in systems that receive e-receipt data, including stock keeping unit (SKU) level data from a customer and compare the e-receipt data with transaction data. The systems match the e-receipt data to one or more transactions based on the comparison, identify at least one insurance related transaction from the one or more transactions based on the SKU level data, calculate the value of an insurance claim based on the at least one insurance related transaction.
Claims20
A system for determining insurance valuations, the system comprising:
- a computer apparatus including a processor and a memory;
- and
- a valuation software module stored in the memory, comprising executable instructions that when executed by the processor cause the processor to:
- receive e-receipt data comprising stock keeping unit (SKU) level data from a customer;
- compare the e-receipt data with transaction data;
- match the e-receipt data to one or more transactions based on the comparison;
- identify at least one insurance related transaction from the one or more transactions based on the SKU level data;
- and
- calculate the value of an insurance claim based on the at least one insurance related transaction.
A computer program product for determining insurance valuations, the computer program product comprising:
- a non-transitory computer readable storage medium having computer readable program code embodied therewith, the computer readable program code comprising:
- computer readable program code configured to receive e-receipt data comprising stock keeping unit (SKU) level data from a customer;
- computer readable program code configured to compare the e-receipt data with transaction data;
- computer readable program code configured to match the e-receipt data to one or more transactions based on the comparison;
- computer readable program code configured to identify at least one insurance related transaction from the one or more transactions based on the SKU level data;
- and
- computer readable program code configured to calculate the value of an insurance claim based on the at least one insurance related transaction.
A computer-implemented method for determining insurance valuations, the method comprising:
- receiving e-receipt data comprising stock keeping unit (SKU) level data from a customer;
- comparing, by a processor, the e-receipt data with transaction data;
- matching, by a processor, the e-receipt data to one or more transactions based on the comparison;
- identifying, by a processor, at least one insurance related transaction from the one or more transactions based on the SKU level data;
- and
- calculating, by a processor, the value of an insurance claim based on the at least one insurance related transaction.
Dependencies are inferred from the claim text.