System and method for categorizing transactions
View Patent ↗A system and method of allowing individuals to categorize transaction information. A user of the system may establish transaction identifiers that may be employed during or subsequent to a transaction in order to categorize transaction information.
1. A method for categorizing a financial transaction in a biometric authorization system, said method comprising:
receiving a request for access to a user record that includes information on a plurality of financial transactions completed prior to said accessing, wherein at least one of said plurality of financial transactions has associated therewith a transaction category that was determined based on biometric data that was received at a point of sale;
receiving a transaction identifier that is associated with a transaction category;
categorizing a selected one of said plurality of financial transactions in accordance with said transaction identifier;
receiving an additional transaction identifier, wherein said additional transaction identifier further categorizes the selected financial transaction in a subcategory; and
saving said categorized financial transaction in said user record.
2. The method of claim 1 , further comprising transmitting a prompt for said transaction identifier.
3. The method of claim 1 , further comprising receiving one or more additional transaction identifiers, wherein said additional transaction identifiers are associated with different transaction categories.
4. The method of claim 1 , wherein said categorizing comprises employing a transaction identifier to categorize an individual item of one or more items identified by financial transaction information.