SYSTEM AND METHOD FOR PROVIDING AN ONLINE LINK TO ALTERNATIVE OFFERS RELATED TO A BILL ASSESSMENT IN ASSOCIATION WITH AN ONLINE FINANCIAL ACCOUNT
This disclosure relates to comparison shopping and usage based service analysis for consumers, primarily for financial products. A consumer may not be aware of a provider's services, options, terms, conditions, costs, or how the service options change based on the consumer's particular usage characteristics. The disclosed comparison shopping method uses the consumer's actual or predicted service usage data. Service provider information is used to present the consumer with relevant alternative service offering options. Transaction data is gathered from a user's financial account and is analyzed for a savings opportunity indication. The analysis is used to match a savings opportunity from a database of savings opportunities, and the savings opportunity may be displayed in a statement of a user's financial account. Past responses to a savings opportunity indication may be gathered and analyzed. In one example, a savings opportunity is presented in relation to a transaction on the user's graphical interface.
1 . A method, comprising:
presenting, in a user financial account graphical user interface, an opportunity to assess alternative offerings related to a transaction that is presented within the account graphical user interface, wherein the transaction is related to a presently selected offering; and
in response to the selection of the opportunity, redirecting the user to an alternative offering graphical user interface adapted to present the user with alternative offerings.
2 . The method of claim 1 , wherein the bill's details are analyzed and normalized for comparison with an alternative offering that has been normalized; and if the alternative offering presents an improvement in comparison to the presently selected offering, the alternative offering is presented in the alternative offering graphical user interface.
3 . The method of claim 2 , wherein the bill details include at least one of a merchant name, a merchant category, a merchant location, a transaction amount, a transaction frequency, a zip code, a store name, a store category, a store number a transaction description, a purchase frequency, and a total spending amount.
4 . The method of claim 2 , wherein the improvement is related to at least one of a cost, a coverage, a quality, and a rating.
5 . The method of claim 1 , wherein the financial account is at least one of a credit card account, a bank account, a checking account, a savings account, a personal finance program account, and a loan account.
6 . The method of claim 1 , further comprising anonymizing the transaction.
7 . The method of claim 1 , wherein the opportunity to assess alternative offerings relates to a plurality of transactions.