Patent ID: 7403916
Filing Date: 2008-07-22
Classification: G06Q,Y10S

Abstract:
1. A method for automatically substituting payee names received from the electronic transfer of financial data when displayed in a personal financial management program, comprising the steps of: receiving an electronic financial statement transmitted from a financial services provider, wherein the electronic financial statement comprises one or more transaction entries, each transaction entry comprising an original payee name used by the financial services provider in the electronic financial statement and a transaction amount; receiving a user command associating the original payee name with a preferred payee name assigned by a user for use in the personal financial management program; creating a data structure that comprises a dummy payee table comprising a dummy field; moving the original payee name to the dummy field; associating the original payee name in the dummy field to the preferred payee name in the dummy field and indicating an assignment of the preferred payee name; selecting an individual transaction for display, searching the dummy payee table to determine if there exists a match for the original payee name that indicates the assignment of the preferred payee name; upon determining there exists a match in the dummy payee table for the original payee name and the assignment of the preferred payee name, automatically displaying the preferred payee name of the associated original payee name instead of the associated original payee name in the electronic financial statement listing the associated original payee name; and upon determining there does not exist a match, searching an active payee table to locate and display an original payee name.