Browse Prior Art Database

User-Enterable Memo Fields in Web-Based Banking Ledgers

IP.com Disclosure Number: IPCOM000119109D
Original Publication Date: 1997-Nov-01
Included in the Prior Art Database: 2005-Apr-01
Document File: 2 page(s) / 24K

Publishing Venue

IBM

Related People

Malcolm, JW: AUTHOR

Abstract

In Personal Finance Managers (PFMs), such as Quicken, all transactions have the capability of entering "memo" information and perhaps, budget category information. IBM* and Integrion are attempting to bring customers into the web-based banking world. Existing users of PFMs are going to resist this move since equivalent function available in the PFMs is not provided in the current web-based banking solutions. Memo fields and budget category fields, along with 'splits', are examples of function missing in the web solution.

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User-Enterable Memo Fields in Web-Based Banking Ledgers

      In Personal Finance Managers (PFMs), such as Quicken, all
transactions have the capability of entering "memo" information and
perhaps, budget category information.  IBM* and Integrion are
attempting to bring customers into the web-based banking world.
Existing users of PFMs are going to resist this move since equivalent
function available in the PFMs is not provided in the current
web-based banking solutions.  Memo fields and budget category fields,
along with  'splits', are examples of function missing in the web
solution.

      The solution to this is for the banks to allow user-enterable
information into fields in the bank's transaction ledger records.
Web-based banking servers, such as Integrion's web server, would
provide enterable fields when it shows a consumer's transactions
where the consumer could add memo / category information.
  *  Trademark of IBM Corp.