Patent Application
20230409394
Conventional systems do not have the capability to provide tailored user specific real-time resource values associated with resources. As such, there exists a need for a system that dynamically generates and provides tailored user specific real-time resource values associated with resources to users of an entity.
The following presents a summary of certain embodiments of the invention. This summary is not intended to identify key or critical elements of all embodiments nor delineate the scope of any or all embodiments. Its sole purpose is to present certain concepts and elements of one or more embodiments in a summary form as a prelude to the more detailed description that follows.
Embodiments of the present invention address the above needs and/or achieve other advantages by providing apparatuses (e.g., a system, computer program product and/or other devices) and methods for dynamically providing tailored user specific real-time resource values. The system embodiments may comprise one or more memory devices having computer readable program code stored thereon, a communication device, and one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute the computer readable program code to carry out the invention. In computer program product embodiments of the invention, the computer program product comprises at least one non-transitory computer readable medium comprising computer readable instructions for carrying out the invention. Computer implemented method embodiments of the invention may comprise providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs certain operations to carry out the invention.
In some embodiments, the present invention determines that a user is at a third party location, in response to determining that the user is at the third party location, continuously monitors real-time activity of the user, determines that the real-time activity meets one or more triggers; and generates, via an artificial intelligence engine, real-time resource values for one or more resources associated with the real-time activity of the user and the one or more triggers.
In some embodiments, the present invention transmits the real-time resource values to resource tags associated with the one or more resources and causes the resource tags to display the real-time resource values.
In some embodiments, the present invention continues monitoring the real-time activity of the user based on causing the resource tags to display the real-time resource values.
In some embodiments, the one or more triggers comprise at least one of: determining that the user has spent an amount of time greater than a predetermined amount of time at least one resource of the one or more resources; and determining that the user has accessed a first resource of the one or more resources.
In some embodiments, the present invention identifies the one or more triggers based on directly communicating with one or more third party devices.
In some embodiments, the present invention transmits one or more notifications associated with the one or more triggers to one or more other third party entities, receives one or more resource offers for the one or more resources associated with the one or more triggers from the one or more other third party entities, and transmits the one or more resource offers to a user device of the user.
In some embodiments, the present invention causes the user device of the user to display the one or more resource offers.
The features, functions, and advantages that have been discussed may be achieved independently in various embodiments of the present invention or may be combined with yet other embodiments, further details of which can be seen with reference to the following description and drawings.
Having thus described embodiments of the invention in general terms, reference will now be made the accompanying drawings, wherein:
Embodiments of the present invention will now be described more fully hereinafter with reference to the accompanying drawings, in which some, but not all, embodiments of the invention are shown. Indeed, the invention may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will satisfy applicable legal requirements. Where possible, any terms expressed in the singular form herein are meant to also include the plural form and vice versa, unless explicitly stated otherwise. Also, as used herein, the term “a” and/or “an” shall mean “one or more,” even though the phrase “one or more” is also used herein. Furthermore, when it is said herein that something is “based on” something else, it may be based on one or more other things as well. In other words, unless expressly indicated otherwise, as used herein “based on” means “based at least in part on” or “based at least partially on.” Like numbers refer to like elements throughout.
As described herein, the term “entity” may be a financial institution which may include herein may include any financial institutions such as commercial banks, thrifts, federal and state savings banks, savings and loan associations, credit unions, investment companies, insurance companies and the like. In some embodiments, the entity may be a non-financial institution which may track and monitor one or more historical resource interaction data (e.g., transaction data), product level data associated with the one or more resource interactions, or the like associated with one or more users of the entity.
Many of the example embodiments and implementations described herein contemplate interactions engaged in by a user with a computing device and/or one or more communication devices and/or secondary communication devices. A “user”, as referenced herein, may refer to a customer of the entity, where the entity maintains and/or manages one or more accounts (e.g., credit account, checking account, savings account, or the like) associated with the user. In some embodiments, the term “user” may refer to a potential customer of the entity. Furthermore, as used herein, the term “user computing device” or “mobile device” may refer to mobile phones, computing devices, tablet computers, wearable devices, smart devices and/or any portable electronic device capable of receiving and/or storing data therein.
A “user interface” is any device or software that allows a user to input information, such as commands or data, into a device, or that allows the device to output information to the user. For example, the user interface includes a graphical user interface (GUI) or an interface to input computer-executable instructions that direct a processing device to carry out specific functions. The user interface typically employs certain input and output devices to input data received from a user or to output data to a user. These input and output devices may include a display, mouse, keyboard, button, touchpad, touch screen, microphone, speaker, LED, light, joystick, switch, buzzer, bell, and/or other user input/output device for communicating with one or more users.
Typically, resource values associated with resources provided by third party entities (e.g., merchants) are static. Conventional systems do not have the capability to generate tailored user-specific resource values associated with resources and update resource tags (e.g., digital tags) with the tailored user-specific resource values dynamically in real-time. As such, there exists a need for a system to generate and transmit tailored user-specific resource values associated with resources in real-time. The system of the present invention monitors real-time activity of one or more users, instantly generates tailored user-specific resource values based on the real-time activity of the one or more users, and transmits the generated resource values to one or more resource tags to be displayed to the one or more users. The process flows associated with generating and providing the tailored user-specific resource values to one or more users is described in detail below.
The entity system(s) 200 may be any system owned or otherwise controlled by an entity to support or perform one or more process steps described herein. In some embodiments, the entity is a financial institution. In some embodiments, the entity may be a non-financial institution. In some embodiments, the entity may be any organization that maintains one or more accounts associated with the one or more users, where funds in the one or more accounts may be used by the one or more users towards purchase of one or more resources (e.g., products) provided by one or more third party entities. The one or more third party systems 201 may be systems associated with the one or more third party entities that provide one or more resources to the one or more users 110 of the entity (e.g., retail merchants, online retail merchants, or the like).
The real-time resource value generation system 300 is a system of the present invention for performing one or more process steps described herein. In some embodiments, the real-time resource value generation system 300 may be an independent system. In some embodiments, the real-time resource value generation system 300 may be a part of the entity system 200. In some embodiments, the real-time resource value generation system 300 may be controlled, owned, managed, and/or maintained by the entity associated with the entity system 200.
The real-time resource value generation system 300, the entity system 200, the computing device system 400, and the third party systems 201 may be in network communication across the system environment 100 through the network 150. The network 150 may include a local area network (LAN), a wide area network (WAN), and/or a global area network (GAN). The network 150 may provide for wireline, wireless, or a combination of wireline and wireless communication between devices in the network. In one embodiment, the network 150 includes the Internet. In general, the real-time resource value generation system 300 is configured to communicate information or instructions with the entity system 200, and/or the computing device system 400 across the network 150.
The computing device system 400 may be a system owned or controlled by the entity of the entity system 200 and/or the user 110. As such, the computing device system 400 may be a computing device of the user 110. In general, the computing device system 400 communicates with the user 110 via a user interface of the computing device system 400, and in turn is configured to communicate information or instructions with the real-time resource value generation system 300, and/or entity system 200 across the network 150.
It should be understood that the memory device 230 may include one or more databases or other data structures/repositories. The memory device 230 also includes computer-executable program code that instructs the processing device 220 to operate the network communication interface 210 to perform certain communication functions of the entity system 200 described herein. For example, in one embodiment of the entity system 200, the memory device 230 includes, but is not limited to, a real-time resource value generation application 250, one or more entity applications 270, and a data repository 280 comprising historical transaction data, historical product level data associated with one or more transactions performed by the users, and the like. The one or more entity applications 270 may be any applications developed, supported, maintained, utilized, and/or controlled by the entity. The computer-executable program code of the network server application 240, the real-time resource value generation application 250, the one or more entity application 270 to perform certain logic, data-extraction, and data-storing functions of the entity system 200 described herein, as well as communication functions of the entity system 200.
The network server application 240, the real-time resource value generation application 250, and the one or more entity applications 270 are configured to store data in the data repository 280 or to use the data stored in the data repository 280 when communicating through the network communication interface 210 with the real-time resource value generation system 300, and/or the computing device system 400 to perform one or more process steps described herein. In some embodiments, the entity system 200 may receive instructions from the real-time resource value generation system 300 via the real-time resource value generation application 250 to perform certain operations. The real-time resource value generation application 250 may be provided by the real-time resource value generation system 300. The one or more entity applications 270 may be any of the applications used, created, modified, facilitated, developed, and/or managed by the entity system 200.
It should be understood that the memory device 330 may include one or more databases or other data structures/repositories. The memory device 330 also includes computer-executable program code that instructs the processing device 320 to operate the network communication interface 310 to perform certain communication functions of the real-time resource value generation system 300 described herein. For example, in one embodiment of the real-time resource value generation system 300, the memory device 330 includes, but is not limited to, a network provisioning application 340, a real-time monitoring application 350, an artificial intelligence engine 360, a data gathering application 370, a resource value generation application 380, a data transmission application 385, and a data repository 390 comprising any data processed or accessed by one or more applications in the memory device 330. The computer-executable program code of the network provisioning application 340, the real-time monitoring application 350, the artificial intelligence engine 360, the data gathering application 370, the resource value generation application 380, the data transmission application 385 may instruct the processing device 320 to perform certain logic, data-processing, and data-storing functions of the real-time resource value generation system 300 described herein, as well as communication functions of the real-time resource value generation system 300.
The network provisioning application 340, the real-time monitoring application 350, the artificial intelligence engine 360, the data gathering application 370, the resource value generation application 380, the data transmission application 385 are configured to invoke or use the data in the data repository 390 when communicating through the network communication interface 310 with the entity system 200, and/or the computing device system 400. In some embodiments, the network provisioning application 340, the real-time monitoring application 350, the artificial intelligence engine 360, the data gathering application 370, the resource value generation application 380, the data transmission application 385 may store the data extracted or received from the entity system 200, and the computing device system 400 in the data repository 390. In some embodiments, the network provisioning application 340, the real-time monitoring application 350, the artificial intelligence engine 360, the data gathering application 370, the resource value generation application 380, the data transmission application 385 may be a part of a single application (e.g., modules).
Some embodiments of the computing device system 400 include a processor 410 communicably coupled to such devices as a memory 420, user output devices 436, user input devices 440, a network interface 460, a power source 415, a clock or other timer 450, a camera 480, and a positioning system device 475. The processor 410, and other processors described herein, generally include circuitry for implementing communication and/or logic functions of the computing device system 400. For example, the processor 410 may include a digital signal processor device, a microprocessor device, and various analog to digital converters, digital to analog converters, and/or other support circuits. Control and signal processing functions of the computing device system 400 are allocated between these devices according to their respective capabilities. The processor 410 thus may also include the functionality to encode and interleave messages and data prior to modulation and transmission. The processor 410 can additionally include an internal data modem. Further, the processor 410 may include functionality to operate one or more software programs, which may be stored in the memory 420. For example, the processor 410 may be capable of operating a connectivity program, such as a web browser application 422. The web browser application 422 may then allow the computing device system 400 to transmit and receive web content, such as, for example, location-based content and/or other web page content, according to a Wireless Application Protocol (WAP), Hypertext Transfer Protocol (HTTP), and/or the like.
The processor 410 is configured to use the network interface 460 to communicate with one or more other devices on the network 150. In this regard, the network interface 460 includes an antenna 476 operatively coupled to a transmitter 474 and a receiver 472 (together a “transceiver”). The processor 410 is configured to provide signals to and receive signals from the transmitter 474 and receiver 472, respectively. The signals may include signaling information in accordance with the air interface standard of the applicable cellular system of the wireless network 152. In this regard, the computing device system 400 may be configured to operate with one or more air interface standards, communication protocols, modulation types, and access types. By way of illustration, the computing device system 400 may be configured to operate in accordance with any of a number of first, second, third, and/or fourth-generation communication protocols and/or the like.
As described above, the computing device system 400 has a user interface that is, like other user interfaces described herein, made up of user output devices 436 and/or user input devices 440. The user output devices 436 include a display 430 (e.g., a liquid crystal display or the like) and a speaker 432 or other audio device, which are operatively coupled to the processor 410.
The user input devices 440, which allow the computing device system 400 to receive data from a user such as the user 110, may include any of a number of devices allowing the computing device system 400 to receive data from the user 110, such as a keypad, keyboard, touch-screen, touchpad, microphone, mouse, joystick, other pointer device, button, soft key, and/or other input device(s). The user interface may also include a camera 480, such as a digital camera.
The computing device system 400 may also include a positioning system device 475 that is configured to be used by a positioning system to determine a location of the computing device system 400. For example, the positioning system device 475 may include a GPS transceiver. In some embodiments, the positioning system device 475 is at least partially made up of the antenna 476, transmitter 474, and receiver 472 described above. For example, in one embodiment, triangulation of cellular signals may be used to identify the approximate or exact geographical location of the computing device system 400. In other embodiments, the positioning system device 475 includes a proximity sensor or transmitter, such as an RFID tag, that can sense or be sensed by devices known to be located proximate a merchant or other location to determine that the computing device system 400 is located proximate these known devices.
The computing device system 400 further includes a power source 415, such as a battery, for powering various circuits and other devices that are used to operate the computing device system 400. Embodiments of the computing device system 400 may also include a clock or other timer 450 configured to determine and, in some cases, communicate actual or relative time to the processor 410 or one or more other devices.
The computing device system 400 also includes a memory 420 operatively coupled to the processor 410. As used herein, memory includes any computer readable medium (as defined herein below) configured to store data, code, or other information. The memory 420 may include volatile memory, such as volatile Random Access Memory (RAM) including a cache area for the temporary storage of data. The memory 420 may also include non-volatile memory, which can be embedded and/or may be removable. The non-volatile memory can additionally or alternatively include an electrically erasable programmable read-only memory (EEPROM), flash memory or the like.
The memory 420 can store any of a number of applications which comprise computer-executable instructions/code executed by the processor 410 to implement the functions of the computing device system 400 and/or one or more of the process/method steps described herein. For example, the memory 420 may include such applications as a conventional web browser application 422, a real-time resource value generation application 421, entity application 424. These applications also typically instructions to a graphical user interface (GUI) on the display 430 that allows the user 110 to interact with the entity system 200, the real-time resource value generation system 300, and/or other devices or systems. The memory 420 of the computing device system 400 may comprise a Short Message Service (SMS) application 423 configured to send, receive, and store data, information, communications, alerts, and the like via the wireless telephone network 152. In some embodiments, the real-time resource value generation application 421 provided by the real-time resource value generation system 300 allows the user 110 to access the real-time resource value generation system 300. In some embodiments, the entity application 424 provided by the entity system 200 and the real-time resource value generation application 421 allow the user 110 to access the functionalities provided by the real-time resource value generation system 300 and the entity system 200.
The memory 420 can also store any of a number of pieces of information, and data, used by the computing device system 400 and the applications and devices that make up the computing device system 400 or are in communication with the computing device system 400 to implement the functions of the computing device system 400 and/or the other systems described herein.
As shown in block 520, the system continuously monitors real-time activity of the user. In response to determining that the user is at the third party location, the system continuously monitors the real-time activity of the user. In some embodiments, the system may track the real-time activity of the user, via the user device of the user. For example, the system may determine that the user has walked into a merchant location and has opened a merchant application to add one or more products for checkout, where adding of the one or more products for checkout may be performed manually by the user or automatically by the merchant application based on determining that the user has accessed the one or more products and placed the one or more products in a shopping cart. In such cases, the system may monitor the real-time activity of the user based on monitoring the real-time activity on the merchant application. In some embodiments, the system may track the real-time activity of the user based on directly communicating with one or more third party entity devices. The third party entity devices may comprise cameras, barcode scanners, weight sensors on shelves, proximity sensors, other sensors, and/or any other devices at the third party location. In an embodiment where the third party location is an online platform, the system may monitor the real-time activity of the user via the user device used to access the online platform and/or by directly communicating with the one or more servers associated with the online platform.
As shown in block 530, the system determines that the real-time activity meets one or more triggers. The one or more triggers may comprise (i) determining that the user has spent an amount of time greater than a predetermined amount of time at least one resource of the one or more resources and (ii) determining that the user has accessed a first resource of the one or more resources, and/or the like. For example, the system may determine that the user is hovering over a product for more than five minutes and may determine that a condition has been met. In another example, the system may determine that the user has added ‘bread’ to the shopping cart and may determine that a condition has been met. One or more triggers may be defined by the system of the present invention based on receiving inputs from an entity, the third party entity, and/or the like.
As shown in block 540, the system generates, via an artificial intelligence engine, real-time resource values for one or more resources associated with the real-time activity of the user and the one or more triggers. The artificial intelligence engine may consume data associated with the one or more triggers, historical transaction data, historical product level data associated with historical transactions, account data, similarity data (e.g., products purchased by other customers similar to the user), and/or the like and may generate the real-time resource values for one or more resources associated with the one or more triggers. In some embodiments, the historical transaction data, the product level data associated with historical transactions, the account data, the similarity data, or the like may be provided by the entity system 200. The system gathers data from one or more sources (e.g., user device, third party entity devices, entity system, and/or the like) and converts the data into an output for dynamically displaying the output to one or more users.
In one example, where the trigger is associated with the user hovering over a product for more than five minutes, the artificial intelligence engine may generate a dynamic pricing for the product based on historical transaction data (based on transaction amount associated with historical transactions at the merchant location), historical product level data, account data (e.g., current funds in the checking account), where the dynamically generated price for the product may be less than an actual listing price for the product. In another example, where the trigger is associated with the user adding ‘bread’ to the cart, the artificial intelligence engine may determine that the user always purchases ‘cheese’ along with ‘bread’ based on historical product level data and may generate a dynamic pricing for the product ‘cheese’, where the dynamic pricing may be more or less than the actual listing price of the product. It should be understood that the examples provided herein are for explanatory purposes only and in no way delineate the scope of the present invention. In some embodiments, the artificial intelligence engine may generate one or more resource offers for the one or more resources associated with the one or more triggers.
As shown in block 550, the system transmits the real-time resource values to resource tags associated with the one or more resources. The resource tags may be digital price tags present at third party locations. As shown in block 560, the system causes the resource tags to display the real-time resource values. In some embodiments, the system may also cause the resource tags to display the one or more resource offers generated by the artificial intelligence engine. For example, the system may cause the resource tag to display a buy one get one offer for a product. In some embodiments, the system may transmit the real-time resource values to a third party system associated with the third party entity and may cause the third party system to dynamically cause the resource tags to display the real-time resource values. In some embodiments, the system may transmit the real-time resource values to the user device and may cause the user device to display the offers and/or the real-time resource values.
As shown in block 570, the system continues monitoring the real-time activity of the user based on causing the resource tags to display the real-time resource values. The system may repeat the process described in block 530 through 560 based on monitoring the real-time activity of the user after displaying the real-time resource values generated by the system. In some embodiments, the system may store the real-time activity of the user after displaying the displaying the real-time resource values on the resource tags and may use the stored data for future generating future tailored user-specific resource values. For example, the system may determine that the user has picked up a product based on the dynamic pricing/offer generated by the system and may use this data to provide future pricing for similar scenarios.
In some embodiments, the system may transmit one or more notifications associated with the one or more triggers to one or more other third party entities. In response to transmitting the one or more notifications, the system may receive one or more resource offers (e.g., competitive offers) for the one or more resources associated with the one or more triggers from the one or more other third party entities (e.g., other merchants). The system may then transmit the one or more resource offers to the user device of the user and may cause the user device of the user to display the one or more resource offers.
As will be appreciated by one of skill in the art, the present invention may be embodied as a method (including, for example, a computer-implemented process, a business process, and/or any other process), apparatus (including, for example, a system, machine, device, computer program product, and/or the like), or a combination of the foregoing. Accordingly, embodiments of the present invention may take the form of an entirely hardware embodiment, an entirely software embodiment (including firmware, resident software, micro-code, and the like), or an embodiment combining software and hardware aspects that may generally be referred to herein as a “system.” Furthermore, embodiments of the present invention may take the form of a computer program product on a computer-readable medium having computer-executable program code embodied in the medium.
Any suitable transitory or non-transitory computer readable medium may be utilized. The computer readable medium may be, for example but not limited to, an electronic, magnetic, optical, electromagnetic, infrared, or semiconductor system, apparatus, or device. More specific examples of the computer readable medium include, but are not limited to, the following: an electrical connection having one or more wires; a tangible storage medium such as a portable computer diskette, a hard disk, a random access memory (RAM), a read-only memory (ROM), an erasable programmable read-only memory (EPROM or Flash memory), a compact disc read-only memory (CD-ROM), or other optical or magnetic storage device.
In the context of this document, a computer readable medium may be any medium that can contain, store, communicate, or transport the program for use by or in connection with the instruction execution system, apparatus, or device. The computer usable program code may be transmitted using any appropriate medium, including but not limited to the Internet, wireline, optical fiber cable, radio frequency (RF) signals, or other mediums.
Computer-executable program code for carrying out operations of embodiments of the present invention may be written in an object oriented, scripted or unscripted programming language such as Java, Perl, Smalltalk, C++, or the like. However, the computer program code for carrying out operations of embodiments of the present invention may also be written in conventional procedural programming languages, such as the “C” programming language or similar programming languages.
Embodiments of the present invention are described above with reference to flowchart illustrations and/or block diagrams of methods, apparatus (systems), and computer program products. It will be understood that each block of the flowchart illustrations and/or block diagrams, and/or combinations of blocks in the flowchart illustrations and/or block diagrams, can be implemented by computer-executable program code portions. These computer-executable program code portions may be provided to a processor of a general purpose computer, special purpose computer, or other programmable data processing apparatus to produce a particular machine, such that the code portions, which execute via the processor of the computer or other programmable data processing apparatus, create mechanisms for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks.
These computer-executable program code portions may also be stored in a computer-readable memory that can direct a computer or other programmable data processing apparatus to function in a particular manner, such that the code portions stored in the computer readable memory produce an article of manufacture including instruction mechanisms which implement the function/act specified in the flowchart and/or block diagram block(s).
The computer-executable program code may also be loaded onto a computer or other programmable data processing apparatus to cause a series of operational steps to be performed on the computer or other programmable apparatus to produce a computer-implemented process such that the code portions which execute on the computer or other programmable apparatus provide steps for implementing the functions/acts specified in the flowchart and/or block diagram block(s). Alternatively, computer program implemented steps or acts may be combined with operator or human implemented steps or acts in order to carry out an embodiment of the invention.
As the phrase is used herein, a processor may be “configured to” perform a certain function in a variety of ways, including, for example, by having one or more general-purpose circuits perform the function by executing particular computer-executable program code embodied in computer-readable medium, and/or by having one or more application-specific circuits perform the function.
Embodiments of the present invention are described above with reference to flowcharts and/or block diagrams. It will be understood that steps of the processes described herein may be performed in orders different than those illustrated in the flowcharts. In other words, the processes represented by the blocks of a flowchart may, in some embodiments, be in performed in an order other that the order illustrated, may be combined or divided, or may be performed simultaneously. It will also be understood that the blocks of the block diagrams illustrated, in some embodiments, merely conceptual delineations between systems and one or more of the systems illustrated by a block in the block diagrams may be combined or share hardware and/or software with another one or more of the systems illustrated by a block in the block diagrams. Likewise, a device, system, apparatus, and/or the like may be made up of one or more devices, systems, apparatuses, and/or the like. For example, where a processor is illustrated or described herein, the processor may be made up of a plurality of microprocessors or other processing devices which may or may not be coupled to one another. Likewise, where a memory is illustrated or described herein, the memory may be made up of a plurality of memory devices which may or may not be coupled to one another.
While certain exemplary embodiments have been described and shown in the accompanying drawings, it is to be understood that such embodiments are merely illustrative of, and not restrictive on, the broad invention, and that this invention not be limited to the specific constructions and arrangements shown and described, since various other changes, combinations, omissions, modifications and substitutions, in addition to those set forth in the above paragraphs, are possible. Those skilled in the art will appreciate that various adaptations and modifications of the just described embodiments can be configured without departing from the scope and spirit of the invention. Therefore, it is to be understood that, within the scope of the appended claims, the invention may be practiced other than as specifically described herein.
