System and method for managing wireless point-of-sale transactions

A wireless client device configured to manage purchase information related to a point-of-sale transaction for goods and/or services, the device comprising:

• a transmitter/receiver configured to receive a wireless transmission of a record of a point-of-sale transaction that includes information related to the price of the point-of-sale transaction, wherein the wireless transmission is received temporally at or near a time at which the point-of-sale transaction has been completed;
• a user interface;
• and
• one or more processors configured (i) to present to a user via the user interface information received in the record of the point-of-sale transaction, (ii) to request, from the user via the user interface, a classification of the point-of-sale transaction, (iii) to receive from the user via the user interface a request to review classification of the point-of-sale transaction at a later time, and (iv) to tag the point-of-sale transaction for later review by the user based on the request to review classification at a later time,
• wherein the one or more processors are further configured (v) to receive, some time after the tagged point-of-sale transaction has been tamed, a request from the user via the user interface to review the tamed point-of-sale transaction, (vi) to receive, from the user via the user interface, a classification of the tamed point-of-sale transaction upon review, and (vii) to present a view to the user via the user interface that conveys an overall amount of spending on goods and/or services in the selected classification that includes the price of the tagged point-of-sale transaction.

A computer-implemented method of conducting a point-of-sale transaction between a brick-and-mortar merchant and a customer physically present at a facility associated with the brick-and-mortar merchant, the method being implemented by a computer system comprising one or more physical processors configured to execute computer program modules, the method comprising:

• initializing the point-of-sale transaction through wireless communication with a wireless client device associated with the customer, wherein such initializing includes receiving wireless communication from the wireless client device with information that facilitates identification of a customer clearinghouse account associated with the customer at a clearinghouse service;
• subsequent to the initializing, receiving a transfer request that funds be transferred from the customer clearinghouse account to a merchant clearinghouse account associated with the merchant as payment to the merchant for the point-of-sale transaction, the transfer request comprising a transaction amount for the point-of-sale transaction, and merchant clearinghouse identification information that facilitates identification of the clearinghouse account associated with the merchant;
• responsive to reception of the transfer request, placing funds corresponding to the transaction amount in the clearinghouse account associated with the merchant;
• transmitting wirelessly to the wireless client device information representing the transaction for display to the customer on the wireless client device, such information including the transaction amount and indicating the identity of the merchant, such information further facilitating selection by the customer of a payment account from among a plurality of payment accounts associated with the which funds should be obtained in the transaction amount by the clearinghouse;
• receiving, via wireless communication from the wireless client device, a selection by the customer of a payment account for the point-of-sale transaction;
• and
• responsive to reception of the selection by the customer, debiting funds corresponding to the transaction amount from the payment account selected by the customer.