US 12,456,145 B2
Financial health smartwatch
Daralyn M. Nicholson, Charlotte, NC (US); Anna Hollifield, Charlotte, NC (US); and Shaun G. Hunter, Grayson, GA (US)
Assigned to Bank of America Corporation, Charlotte, NC (US)
Filed by Bank of America Corporation, Charlotte, NC (US)
Filed on May 21, 2024, as Appl. No. 18/669,974.
Application 18/669,974 is a continuation of application No. 17/065,636, filed on Oct. 8, 2020, granted, now 12,026,770.
Application 17/065,636 is a continuation of application No. 16/212,201, filed on Dec. 6, 2018, granted, now 10,817,933, issued on Oct. 27, 2020.
Application 16/212,201 is a continuation in part of application No. 14/844,875, filed on Sep. 3, 2015, granted, now 10,169,749, issued on Jan. 1, 2019.
Application 17/065,636 is a continuation of application No. 16/212,332, filed on Dec. 6, 2018, granted, now 10,817,934, issued on Oct. 27, 2020.
Application 16/212,332 is a continuation in part of application No. 14/844,875, filed on Sep. 3, 2015, granted, now 10,169,749, issued on Jan. 1, 2019.
Application 17/065,636 is a continuation of application No. 16/212,400, filed on Dec. 6, 2018, granted, now 10,817,880, issued on Oct. 27, 2020.
Application 16/212,400 is a continuation in part of application No. 14/844,875, filed on Sep. 3, 2015, granted, now 10,169,749, issued on Jan. 1, 2019.
Prior Publication US 2024/0386482 A1, Nov. 21, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/00 (2012.01); G06Q 20/32 (2012.01); G06Q 20/40 (2012.01); G06Q 40/02 (2023.01); G16H 10/00 (2018.01); H04B 1/3827 (2015.01)
CPC G06Q 40/02 (2013.01) [G06Q 20/3223 (2013.01); G06Q 20/4014 (2013.01); G06Q 20/405 (2013.01); G16H 10/00 (2018.01); H04B 1/385 (2013.01)] 19 Claims
OG exemplary drawing
 
1. A system for tracking financial health of a user, the system comprising:
a wearable electronic device configured to be worn on the user, wherein the wearable electronic device comprises a sensor and an actuator;
a mobile device configured to detect activities of the user using a detection system installed on the mobile device; and
a central server computer with an automated savings module, in network signal communication with the wearable electronic device and the mobile device;
the automated savings module stores computer-executable instructions that, when executed by a processor of the central server computer, causes the central server computer to perform steps comprising:
receiving an incoming transaction, from the mobile device, wherein the incoming transaction originated from the detection system of the mobile device detecting the activities of the user;
verifying authenticity of the incoming transaction, wherein the verifying authenticity of the incoming transaction further comprises:
parsing the incoming transaction into a plurality of fields;
extracting an encryption key field of the incoming transaction to obtain an encryption key; and
decrypting at least one field of the plurality of fields using the encryption key;
identifying a rule in an automated savings table that matches criterion with the incoming transaction;
generating a new financial transaction comprising a debit transaction from a source account of the user for a monetary amount and a credit transaction to a savings account of the user for the monetary amount;
sending the new financial transaction to a payment processing system to complete the debit transaction and the credit transaction; and
upon confirmation of the completion of the debit transaction and the credit transaction, generating a notification, wherein the notification, when received by the wearable electronic device, causes the actuator of the wearable electronic device to vibrate.