PERSONAL FINANCIAL MANAGEMENT PAYMENT ALLOCATION

摘要

Devices, methods and computer program are defined that provide recommendations to users based on the user's personal financial management information and a benefit to the user. The personal financial management information may include a snapshot of the user's accounts, a timeline of the user's accounts, or a cash flow of the user's accounts. The benefit can be a financial benefit, such as a lower interest rate, or a non-financial benefit, such as an improved return policy. In a further embodiment, the recommendation is determined by crowdsourcing using a cohort of financial institution customers that share some characteristics with the user. As a result the user makes informed decisions on which payment type to use or other change for a future transaction at the merchant.

主权项

1. A device configured for providing a recommendation for a future occurrence of a transaction, the device comprising:
a computing platform including a memory and at least one processor in communication with the memory; and a payment recommendation module, stored in the memory, executable by the processor and configured to:
determine that a user has conducted a transaction;determining personal financial management information for the user, the personal financial management information comprising at least one of a snapshot of at least one account of the user, a timeline of at least one account of the user, and a cash flow of at least one account of the user;determining a benefit to changing a future occurrence of the transaction; andproviding a recommendation for the future occurrence of the transaction based on the personal financial management information and the benefit to changing.