Systems and methods for aggregating and managing financial service accounts

Patent metadata

Field	Value
Publication number	US-9710850-B2
Application number	US-201314089180-A
Country	US
Kind code	B2
Filing date	Nov 25, 2013
Priority date	Mar 11, 2013
Publication date	Jul 18, 2017
Grant date	Jul 18, 2017

Abstract

The disclosed embodiments include methods and systems for providing an aggregated financial service account based on multiple private label financial accounts. In one embodiment, a process is disclosed that may include receiving a first request from a user for a first private label financial account that is usable for purchases associated with a first merchant and approving the first request for the first private label financial account. The method may also include receiving a request from the user for a second private label financial account that is usable for purchases associated with a second merchant and approving the second request for the second private label financial account. In one aspect, the method may also include generating an aggregated financial account based on the first and second private label accounts such that the aggregated financial account may be used for purchases with the first merchant or with the second merchant.

First claim

What is claimed is:

1. A system for generating an aggregated account record for an aggregated financial account for a user associated with a plurality of distinct private label financial accounts, comprising:
one or more memory devices storing software instructions and a plurality of private label financial account records; and
one or more processors configured to execute the software instructions to:
generate, for the aggregated financial account, a first sub-account record associated with a first private label financial account, the first private label account being usable for purchases associated with a first merchant but not for purchases associated with a second merchant, the first sub-account record including a plurality of parameters associated with the first private label financial account;
generate, for the aggregated financial account, a second sub-account record associated with a second private label financial account, the second private label financial account being usable for purchases associated with the second merchant but not for purchases associated with the first merchant, the second sub-account record including a plurality of parameters associated with the second private label financial account;
generate the aggregated account record for the aggregated financial account based on the first and the second sub-account records associated respectively with the first and the second private label accounts, such that the aggregated financial account is usable for purchases with the first merchant and for purchases with the second merchant, wherein of the aggregated account record includes:
the first sub-account record;
the second sub-account record; and
a record including an aggregation of a corresponding one or more of the plurality of parameters associated with the first sub-account record and the second sub-account record;

provide instructions to a user device to display an aggregated account graphical user interface, the interface being configured to access the aggregated account record to display content associated with the aggregated financial account, the first private label financial account, and the second private label financial account;
receive, from the user device, responsive to an input on the aggregated account graphical user interface displayed thereon, a request to perform a task associated with the first private label financial account; and
provide instructions to the user device to display a first account graphical user interface based on the received request to enable the task to be performed with respect to the first private label financial account, the first account graphical interface including at least one displayable element associated with the first merchant including a least one of a logo of the first merchant and first merchant branded text, such that the first account graphical interface appears to be associated with the first merchant.

2. The system of claim 1 , wherein the task is providing payment toward a balance associated with the first private label financial account.

3. The system of claim 2 , wherein the one or more processors are configured to adjust a balance parameter of the aggregated account record based on the payment associated with the first private label financial account.

4. The system of claim 3 , wherein the one or more processors are further configured to:
receive, from the user device, responsive to an input on the aggregated account graphical user interface displayed thereon, a request to perform a second task associated with the second private label financial account; and
provide instructions to the user device to display a second account graphical user interface to allow the second task to be performed on the second private label financial account, the second account graphical interface including at least one displayable element associated with the second merchant including at least one of a logo of the second merchant and second merchant branded text, such that the second account graphical user interface appears to be associated with the second merchant.

5. The system of claim 4 , wherein the second task is providing payment toward a balance associated with the second private label financial account and wherein the one or more processors are configured to adjust the balance parameter of the aggregated account record based on the payment associated with the second private label financial account.

6. A computer-implemented method for generating an aggregated account record for an aggregated financial account for a user associated with a plurality of distinct private label financial accounts, comprising:
generating, by one or more processors, for the aggregated financial account, a first sub-account record including a plurality of parameters associated with a first private label financial account, the first private label financial account being usable for purchases associated with a first merchant but not for purchases associated with a second merchant;
generating, by the one or more processors, for the aggregated financial account, a second sub-account record including a plurality of parameters associated with a second private label financial account, the second private label financial account being usable for purchases associated with the second merchant but not for purchases associated with the first merchant;
generating, by the one or more processors, the aggregated account record for the aggregated financial account based on the first and second sub-account records associated respectively with the first and the second private label accounts, such that the aggregated financial account is usable for purchases with the first merchant and for purchases with the second merchant, wherein of the aggregated account record includes:
at least one field associated with a parameter of the first sub-account record;
at least one field associated with a parameter of the second sub-account record; and
at least one field corresponding to an aggregation of a corresponding one or more of the plurality of parameters associated with the first private label account and the second private label account; and

providing instructions to a user device to display an aggregated account graphical user interface, the interface being configured to access the aggregated account record to display content associated with the aggregated financial account, the first private label financial account, and the second private label financial account;
receiving, from the user device, responsive to an input on the aggregated account graphical user interface displayed thereon, a request to perform a task associated with the first private label financial account; and
providing instructions to the user device to display a first account graphical user interface based on the received request to enable the task to be performed with respect to the first private label financial account, the first account graphical interface including at least one displayable element associated with the first merchant including a least one of a logo of the first merchant and first merchant branded text, such that the first account graphical interface appears to be associated with the first merchant.

7. The method of claim 6 , wherein receiving a request to perform the task associated with the first private label financial account further comprises:
receiving a request to provide payment toward a balance associated with the first private label financial account.

8. The method of claim 7 , further comprising:
adjusting a balance parameter of the aggregated financial account based on the payment associated with the first private label financial account.

9. The method of claim 8 , further comprising:
receiving, from the

Assignees

• Jouhikainen Hannes M
• Hammock Luke A
• Niczyporuk Janusz M
• Capital One Financial Corp

Inventors

• Jouhikainen Hannes M
• Hammock Luke A
• Niczyporuk Janusz M

Classifications

• G06Q40/03

  Credit; Loans; Processing thereof · CPC title

• G06Q40/02 Primary

  Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) · CPC title

• G06Q20/227

  characterised in that multiple accounts are available, e.g. to the payer · CPC title

• G06Q40/025

  Physics · mapped topic