USE OF E-RECEIPTS TO DETERMINE TOTAL COST OF OWNERSHIP

摘要

Embodiments of the invention are directed to a system, method, or computer program product for utilizing e-receipt data and other electronic communication data between a merchant and customer regarding a transaction to provide misappropriation protection based on address and/or merchant store information associated with the e-receipt or other e-communication. In one embodiment, a system is configured to: determine a purchase price paid for the product and costs associated with the product based on purchase transaction data; and determine an estimated total cost of ownership of the product based on the purchase price of the product and the costs associated with the product.

主权项

1. A system for determining a total cost of ownership of a product, the system comprising:
a memory device with computer-readable program code stored thereon; a communication device; and a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to:
identify an electronic communication between a customer and a merchant, wherein the electronic communication is an electronic receipt and comprises purchase transaction data associated with a purchase of the product made by the customer from the merchant, and wherein the purchase transaction data is product level data corresponding to the product;extract the purchase transaction data from the electronic communication between the customer and the merchant;convert the purchase transaction data into a structured format so that the purchase transaction data is compatible with an online banking application accessible by the customer;integrate the purchase transaction data with data on the online banking application, thereby enabling the customer to access the purchase transaction data;determine a purchase price paid for the product and costs associated with the product based at least partially on the purchase transaction data; anddetermine an estimated total cost of ownership of the product based at least partially on the purchase price of the product and the costs associated with the product.