Mobile Spend Feed for Richer Purchase History Visibility

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Solution Overview

Problem

Current mobile wallets only allow users to pay for transactions and do not provide a comprehensive purchase history, limiting the user experience.

Innovation Solution

A system and method that provides a mobile spend feed to account holders, including a database to store transaction data, a transaction processor to receive and store data, and a purchase history processor to create and display a spend feed on the user's mobile device, offering a detailed purchase history.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If mobile wallets only provide basic payment functionality, then the system remains simple, but the user experience is limited and lacks richness

Engineering Contradiction:

Improveuser experience richnessVSAvoidsystem complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The mobile wallet system is enhanced to perform multiple functions beyond basic payment processing. It now includes purchase history tracking, spend feed generation, merchant location display, and rewards point management, allowing a single device to serve diverse user needs without requiring separate applications

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The system divides transaction information into segmented components including purchase history records, spend feed updates, merchant details, and rewards point data. This segmentation allows the complex information to be processed and displayed in manageable, user-friendly portions while maintaining comprehensive functionality

Inventive Principle:

Principle #1Segmentation

2Loss of information

If comprehensive transaction data is stored and processed, then purchase history visibility is improved, but data storage and processing requirements increase

Engineering Contradiction:

Improvepurchase history visibilityVSAvoiddata storage volume

Core Design Contradiction:

Loss of informationVSQuantity of substance

Solution Approach 1:

The system extracts only the essential transaction information needed for user visibility, such as purchase amount, merchant name, location, and rewards points. Non-essential data is excluded or aggregated, allowing comprehensive purchase history tracking without proportionally increasing storage requirements

Inventive Principle:

Principle #2Taking out (Extraction)

Solution Approach 2:

Transaction data is pre-processed and organized into structured formats during the transaction processing phase. Purchase history records are created and stored in an optimized structure beforehand, reducing the computational and storage burden during subsequent retrieval and display operations

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS12548073B2System and method for providing purchase history to an account holder

Publication Date: 2026.02.10 CAPITAL ONE SERVICES LLC

AI summary

The system and methods provide an account holder with a mobile spend feed. The systems and methods include a database that stores information associated with at least one previous financial transaction performed via a financial account held by the account holder, a transaction processor that receives transaction data associated with a financial transaction performed by the account holder using the financial account, and stores the transaction data in the database, and a purchase history processor creates a spend feed based at least in part on the transaction data and the previous transaction information, and provides the spend feed to the account holder.