Methods and apparatus for promoting financial behavioral change
AssigneeMovencorp Inc.
InventorsAlexander Sion, Brett King, Mohamed Khalil
Life of this patent
Estimating the term…
Abstract
Some embodiments of the invention provide tools for promoting a user's financial well-being by encouraging positive financial behavior through timely feedback, counseling and instruction. For example, some embodiments of the invention may provide real-time (e.g., in response to a transaction being performed, or in response to the user indicating he/she is contemplating a transaction) useful analysis and advice designed to encourage the type of ongoing financial behavior that leads over time to financial well-being.
Claims12
A computer system configured to provide feedback to a user of a mobile device about the user's financial behavior, the computer system comprising:
- at least one computer processor programmed to;
- identify, from among transactions performed by the user during an ongoing period, transactions of a particular type, each transaction of the particular type having an associated transaction amount;
- identify at least one prior period comparable to the ongoing period;
- identify, from among transactions performed by the user during the at least one prior period, transactions of the particular type, each transaction of the particular type having an associated transaction amount;
- compare the transaction amounts for the identified transactions performed during the ongoing period to the transaction amounts for the identified transactions performed during each at least one prior period;
- determine, as a result of the comparing, that the user is contemplating performing a transaction;
- and
- in response to the determining, send to the mobile device a promotional offer relating to the contemplated transaction.
Dependencies are inferred from the claim text.