Patent ID: 6792422
Filing Date: 2004-09-14
Classification: G06Q,Y10S

Abstract:
A method in a computer system of automatically categorizing a financial transaction based upon alphanumeric characters present in a textual description of the transaction, the method comprising the steps of:identifying at least one string of characters from the transaction description, wherein the at least one string of characters does not represent a numeric code; searching a data file of string-to-financial category mappings for at least one entry that matches the at least one string; and upon finding at least one data file entry that matches the at least one string, assigning a category to the transaction based upon the at least one matching data file entry, which maps the identified at least one string of characters from the transaction description to the financial category assigned to the transaction independently of manual assignment of the assigned financial category to a previous transaction corresponding to the at least one matching data file entry.