| System and method for producing transaction level detail based on a card spend transaction -> Monitor Keywords |
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System and method for producing transaction level detail based on a card spend transactionRelated Patent Categories: Data Processing: Financial, Business Practice, Management, Or Cost/price Determination, Automated Electrical Financial Or Business Practice Or Management Arrangement, Finance (e.g., Banking, Investment Or Credit)System and method for producing transaction level detail based on a card spend transaction description/claimsThe Patent Description & Claims data below is from USPTO Patent Application 20070192222, System and method for producing transaction level detail based on a card spend transaction. Brief Patent Description - Full Patent Description - Patent Application Claims
REFERENCE TO RELATED APPLICATION [0001] This application is a continuation-in-part of, and claims priority to, U.S. patent application Ser. No. 10/608,764, filed on Jun. 27, 2003, which itself claim priority to U.S. Provisional Patent Application Ser. No. 60/468,495, filed on May 6, 2003, the entire contents of which are incorporated herein by reference. FIELD OF INVENTION [0002] The present invention generally relates to providing data to customers on-line, and more particularly, to a system and method to enable charge card holders and others with a certain web application to access charge card detail on-line via a network and view transaction level detail relating to travel expenses, such as hotel expenditures. BACKGROUND OF THE INVENTION [0003] Previous options for clients to view and receive certain reports (e.g., Management Information Reports) were, for example, to receive the reports on paper each month, receive the reports as a data file, or receive data on diskette and/or a CD which was loaded into PC based applications for viewing and reporting. However, these delivery mechanisms were slow (in some cases 90-days after the close of a quarter) and costly. As such, a need existed for an on-line capability to replace or enhance the distribution options. However, on-line tools, for example, were not able to be sufficiently developed because of the complexity of data capture, conditioning from multiple sources, the excessive volume of transaction level detail needed to provide the full functionality required and the lack of technology options to create solutions. [0004] Moreover, previous reports and/or transaction card billing statements provided limited information regarding the nature of the transaction card spend transaction. This limited information may include, for example, an amount billed against a transaction card on a given date for a specific hotel in a specific city. However, clients were particularly unsatisfied with the amount of hotel folio data classified in "Other" and "Miscellaneous" categories, particularly because existing systems were unable to present hotel folio data at a detailed level. For example, a hotel charge may appear on a billing statement as a single line item in the amount of $1,360. However, it was not clear how much of that sum is attributed to room charges, applicable taxes, hotel restaurant and room service charges, business services (e.g., faxing, computer services, photocopying), parking, ground transportation, and the like. Moreover, while some hotels may employ more descriptive item codes, others are not so descriptive. As such, a need exists for a capability to classify hotel folio line item data into comprehensive and descriptive item types for the hotel spend. SUMMARY OF THE INVENTION [0005] An apparatus and method of the present invention provides on-line financial account spend data to users. Through item code mapping, the present invention enables an account issuer to compile and present hotel spend transactions with descriptive item codes, specifying previously unknown details regarding general spend transactions. In response to an on-line request from a client for hotel folio information, the method and apparatus retrieve data from multiple sources and conditions the data according to pre-configured item code to item code mappings to compile the hotel folio data. The hotel folio data is then provided to the client via any means known in the art. BRIEF DESCRIPTION OF THE DRAWINGS [0006] The accompanying drawings, wherein like reference numerals represent like elements, are incorporated in and constitute a part of this specification and, together with the description, explain the advantages and principles of the invention. In the drawings, [0007] FIG. 1 is a schematic diagram of a system for providing on-line account data in accordance with exemplary embodiments of the present invention; [0008] FIG. 2 is a schematic diagram of components of computers and servers used in the system in accordance with exemplary embodiments of the present invention; [0009] FIG. 3 is a flow chart of an exemplary method to provide on-line account data in accordance with exemplary embodiments of the present invention; [0010] FIG. 4 is a diagram of a web page for submitting an on-line request for account data in accordance with exemplary embodiments of the present invention; [0011] FIG. 5 is a diagram of a web page for providing on-line account data in accordance with exemplary embodiments of the present invention; [0012] FIG. 6 is a diagram illustrating a web page for a user to log into the system in accordance with exemplary embodiments of the present invention; [0013] FIG. 7 is a diagram illustrating a detailed web page for submitting an on-line request for account data in accordance with exemplary embodiments of the present invention; [0014] FIG. 8 is a diagram illustrating a web page for providing on-line account data in accordance with exemplary embodiments of the present invention; [0015] FIG. 9 is a combination process flow chart and diagram showing the application of predefined logic in order to map hotel folio line items to more descriptive hotel folio line items accordance with exemplary embodiments of the present invention; [0016] FIG. 10 is a combination process flow chart and system diagram of data processing and data movement for matching folios with transaction data in accordance with exemplary embodiments of the present invention; and, [0017] FIG. 11 is a combination process flow chart and system diagram of a system and method for processing hotel folio line items to ensure proper assignment if item codes and item code descriptions in accordance with exemplary embodiments of the present invention. DETAILED DESCRIPTION [0018] Exemplary embodiments include a web application that enables access to a client's specific account transaction detail for the purposes of, for example, vendor negotiation and card program management. The charge transaction detail includes, for example, travel transaction detail, corporate card detail, loyalty information detail and corporate purchasing card detail. In one embodiment, the transaction detail is global in nature (e.g., data captured from all regional systems) and can include third party data regarding card, travel and hotel, as well as reference data which can be purchased from multiple industry vendor sources. Continue reading about System and method for producing transaction level detail based on a card spend transaction... 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