SE1950725A1 - System and method for enabling efficient determination of a transaction in relation to environmental costs - Google Patents

System and method for enabling efficient determination of a transaction in relation to environmental costs

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Publication number
SE1950725A1
SE1950725A1 SE1950725A SE1950725A SE1950725A1 SE 1950725 A1 SE1950725 A1 SE 1950725A1 SE 1950725 A SE1950725 A SE 1950725A SE 1950725 A SE1950725 A SE 1950725A SE 1950725 A1 SE1950725 A1 SE 1950725A1
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SE
Sweden
Prior art keywords
data
server
environmental
computing device
value
Prior art date
Application number
SE1950725A
Other languages
Swedish (sv)
Inventor
Johan Pihl
Mathias Wikström
Original Assignee
Doconomy Ab
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Doconomy Ab filed Critical Doconomy Ab
Priority to SE1950725A priority Critical patent/SE1950725A1/en
Priority to EP20822868.4A priority patent/EP3983985A4/en
Priority to PCT/SE2020/050621 priority patent/WO2020251471A1/en
Publication of SE1950725A1 publication Critical patent/SE1950725A1/en

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    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/06—Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/06—Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
    • G06Q10/063—Operations research, analysis or management
    • G06Q10/0639—Performance analysis of employees; Performance analysis of enterprise or organisation operations
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/405—Establishing or using transaction specific rules
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/0601—Electronic shopping [e-shopping]
    • G06Q30/0641—Shopping interfaces
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/322—Aspects of commerce using mobile devices [M-devices]
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/03—Credit; Loans; Processing thereof
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q90/00—Systems or methods specially adapted for administrative, commercial, financial, managerial or supervisory purposes, not involving significant data processing

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  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
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  • Development Economics (AREA)
  • Finance (AREA)
  • Economics (AREA)
  • Physics & Mathematics (AREA)
  • Human Resources & Organizations (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Marketing (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Game Theory and Decision Science (AREA)
  • Educational Administration (AREA)
  • Operations Research (AREA)
  • Technology Law (AREA)
  • Quality & Reliability (AREA)
  • Tourism & Hospitality (AREA)
  • Computer Security & Cryptography (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A system, method and mobile device for determining an environmental footprint of a user, said system comprising a server 301 providing communication between a bank 303 and a computing device 302, the computing device comprising a processor 306, a storage 305 and graphic user interface, GUI on a display, and being capable of receiving from the server 301 a first data related to a transaction and a second data related to an index table indicating a relationship between environmental indices and first data, the processor is adapted to determining an accumulating value during a specified period of time, and sending a message in the event the accumulating value exceeds the predetermined threshold value.

Description

1System and method for enabling efficient determination of a transaction in relation to environmental costs TECHNICAL FIELD The present invention relates to a system and a method for making financial transactions witha computing device. Specifically, it relates to a system and method for classifying and ranking financial transactions according to any factor with negative effects.BACKGROUND ART Many financial systems or institutions such as bank and shops are nowadays using the Internetto reach users all over the world. These users need normally a computing device and anaccount from the financial system in order to manage their account from a remote distance.The computing device may be a mobile device as a cellular that has access to the Internet via a SeFVeF. ln order to fulfil the users' need, the financial systems have modified their web sites incomplexity and size to be adapted to a mobile device. ln addition, a series of mobile applications from these financial systems have been released.
Each user may also obtain a credit or debit card to make financial transactions over theinternet or in a shop. Each credit/debit card is linked to a user account which keeps track ofthe available money to spend. ln the event, all the available money is spent over one orseveral financial transactions, the account does no longer allow the user to withdraw any money or to make any further financial transactions and the account is then blocked.
The above mentioned system is only considering the financial state of the user, i.e. theavailable money in the account, and does not consider any other issues or factors that may be of importance to a user as well.
SUMMARY OF THE DISCLOSURE The problem of only considering available funds when making a financial transaction makes auser unaware of how damaging the financial transaction may be in relation to differentaspects that may be of importance to the user. Some ofthese aspects may be related to environmental factors, fare trade factors, dangerous factors, etc.
Furthermore, there is a lack of ability for a user to not be able to match financial transactionsto an index determining his/her footprint. Firstly, it requires a huge amount of informationand complex computing to create an index to a specific type oftransaction. Secondly, itrequires to continually keep track of all the transactions in order to arrive at a final value that will notify the user about his/her good or bad financial choices.
Accordingly, there is provided a method, system and a mobile device that each considers all the above mentioned aspects, specifically the environmental factor.
Accordingly, there is provided a method for determining an environmental footprint of acomputing device user comprising the steps of receiving a first data related to a financialtransaction by a computing device from a server, said server being in communication with abank, storing the first data in a storage on the computing device, receiving a second data by thecomputing device from the server related to an index table indicating a relationship betweenenvironmental indices and first data, storing the second data in the storage of the computingdevice, determining an environmental index of the first data by means of the second data,repeating the previous steps for each received first data and determining an accumulating valueof all previous determined environmental indices during a specified period of time, comparingthe accumulating value with a predetermined threshold value, sending at least one message tothe graphic user interface GUI of the computing device, in the event the accumulating valueexceeds the threshold value, displaying on the graphic user interface, GUI, of the computing device the environmental index for each first data together with the accumulating value.
The advantage of accumulating the environmental values for every transaction is that the useris continuously capable of taking control and be responsible of the type of transactions he or she is making in relation to environmental footprint. 3ln the event, the accumulating value exceeds the threshold value indicated by a governmentalinstitution or any source, the user by receiving a message will be able to stop furthertransactions if desired or only focus on future purchases that are least damaging the environment.
Further, the method may, upon the step of sending a message to the computing device, send afurther message to the server comprising instructions of blocking further financial transactionsso that the computing device is no longer capable of receiving first data related to a transaction from the server.
This is a more severe way of stopping the transactions of the user despite available funds in theaccount. This feature will help many companies that are working for the environment topromote the importance of taking care of our environment by for instance offering employeesthese type of cards for free. lt will also be of use for plenty of people that need rigorous limits in order to achieve environmental goals in their lives.
Further, the method may further comprise the step of enabling the server to perform transactions to a third party upon the step of sending the message.
One of the advantages of enabling the server to perform transactions to a third party is toprovide the user to invest in projects or funds that are pro-environmental. This may speciallyhappen when a user has spent money in indirectly damaging the environment by making purchases that are produced, by e.g. emitting large quantities of carbon emission.
Another advantage is that this feature allows a user to use a third party for e.g. making a transaction from another financial provider when the first financial provider is blocked.Further, the first data and/or the second data may be alternatively stored in the cloud. lt is advantageous to have data on the cloud since the storage in computing devices, such asmobile devices, is limited. lf the cloud is alternatively connected to the server, the data will bestored in the cloud when there is lack of memory in the mobile device so the method is performed as normal.
There is also provided a system for determining an environmental footprint ofa user comprising a server providing communication between a bank and a computing device, the computing 4device comprising a processor, a storage and graphic user interface, GUI, and capable ofreceiving from the server a first data related to a transaction and a second data related to anindex table indicating a relationship between environmental indices and first data, theprocessor is adapted to perform the steps of storing the first and second data in the storage,determining an environmental index of the stored first data by means ofthe stored second data,repeating the previous steps for each received first data and determining an accumulating valueof all previous determined environmental indices during a specified period of time, comparingthe accumulating value with a predetermined threshold value, and sending the environmentalindex for each first data togetherwith the accumulating value to the GUI and sending a message in the event the accumulating value exceeds the predetermined threshold value.
Further, the processor may be adapted to send a further message sending instructions to theserver to block further financial instructions if the accumulating value is greater than or equal to the predetermined value.
Further, the processor may be further adapted to enable the server to perform transactions to a third party upon performing the step of sending the message.Further, the first data and/or the second data may be alternatively stored in the cloud.
There is also provided a mobile device indicating a relationship between environmental indices and first data application adapted to perform the method steps.BRIEF DESCRIPTION OF THE DRAWINGS In the following, the disclosure will be described in further detail with references to the exemplary apparatus, method and systems in the drawings, in which: Fig. 1 shows a flowchart of an exemplary method according to the present disclosure.
Fig. 2. shows a flowchart of another exemplary method according to the present disclosure.Fig. 3 shows an exemplary system according to the present disclosure.
DETAILED DESCRIPTION The method, system and mobile device will now be described more fully hereinafter with reference to the accompanying drawings, in which various examples are shown. The 5accompanying drawings are schematic and Simplified for clarity and they merely show details,which are essential to the understanding of the invention, while other details have been leftout. The appended patent claims may be embodied in different forms not shown in theaccompanying drawings and should not be construed as limited to the examples set forthherein. Rather, these examples are provided so that this disclosure will be thorough andcomplete, and will fully convey the scope ofthe appended patent claims to those skilled in the art.
The method disclosed herein may be used for different aspects. Some ofthese aspects may be environmental factors, fare trade factors, unhealthy factors, etc.
Unhealthy factors such as damaging products for the health including tobacco and alcohol arenormally considered of importance for a normal user. |fthese products are ranked as howunhealthy they are for a user in an index table, the user will easily be able to detect how unhealthy he or she has being during a specified period of time.
The disclosure may similarly consider fare trade factors which involve products that aremarked as Fare Trade which certifies, in general terms, that workers have been working ingood conditions whilst producing the products. lf a user buys products that do not have thesecertifications, the user will then obtain an index value which is dependent of how serious itmay be to ignore the certification. For instance, a diamond may be a product that is developedin bad working conditions for the workers and its index value may therefore be very high inrelation to other products. These index values are then accumulated over a specified time until a predetermined threshold is reached.
Specifically, this disclosure is mainly focusing on determining an environmental footprint of acomputing device user. The environmental footprint may be carbon emission or other factordamaging the environment. The computing device user may be a user having a PC or a mobiledevice connected to the Internet and generally comprising at least a processor, a storagemedium and a display. The computing device has also a connection either directly to a financialsystem such as a bank or via a shop to the bank. The user may also have an account in the financial system either directly or indirectly via the shop. 6ln addition, the user may also have a debit or credit card associated with the bank- or shopaccount enabling the user to use his or her available money to make purchases creatingfinancial transactions in the system. These purchases may not be beneficial for theenvironment but until this disclosure there is no system that allows a user to know whethertheir financial transactions are in line with the environmental targets from individuals set bymany institutions, such as UN. The user has a need to connect his/her consumption to the impact it has on the planet. This could cover many aspects of the environment, such as the use of plastic, the carbon emissions, the use of tree-derived products, etc.
By using this method, a user may make daily purchases with the credit/debit card and trackhis/her environmental footprint associated with their spending via a mobile application in a mobile device or via a PC.
The flow chart of Fig.1 shows the claimed method according to the present disclosurecomprising the step S1 of receiving a first data and a second data by a computing device from aserver. The first data is related to a financial transaction and the second data is related to anindex table indicating a relationship between environmental indices and the first data. Theserver forwards the first data and the second data from the bank to the computing device via the server, which is wireless connected to the bank and to the computing device.
The method receives by the computing device the first data which contains all the informationrelated to a financial transaction plus further information needed for processing the informationin the processor of the computing device. This further information may be in the form of a header or extra data bits within the first data. ln addition, the method receives a second data by the computing device from the server. Thisrelationship is thoroughly calculated and takes in consideration a huge amount of informationfrom different data bases and facts in order to arrive to the final environmental index associatedto a specific transaction. The second data may not necessarily come from the bank but fromanother storage medium placed in the server such as a cloud storage. The second data may be public or private, i.e. calculated by the manager of the system or any other third party.
An example of a second data could be the relationship between the purchase of a running shoe and the impact of the running shoe on the environment, specifically regarding the carbon 7emissions. This relationship could be written in the form of an index table where, at one side ofthe table, different types of transactions are specified and on the other side of the table,environmental indices are specified, e.g. carbon (C02) emission values, each corresponding to each type oftransaction. The carbon emission values may be indicated in the unity of KgCOZ.
An example of such an index table is a table comprising conversion factors calculating the C02impact of every credit card transaction. These conversion factors of the index table couldoriginate from a variety of sources including total C02 Emissions (in tonnes), total revenues ofcompany data and/or industry data from previous years and social costs of carbon. ln otherwords, there is a huge amount of information to compile and process in order to obtain the right environmental index for each specified transaction. ln step S2, the first and second data is stored in the storage of the computing device of the useralternatively the data is stored in the cloud. The storage may be a storage device in thecomputing device such as RAM, ROM and any volatile memory or a cloud storage accessible from a web page or server.
The method further determines in step S3 an environmental index ofthe first data by means ofthe second data. This means that an index table is obtained from the second data and appliedon the first data where the type of transaction is indicated. By doing this, an environmental index is determined according to the type of transaction.
As an example, a carbon emission value can be obtained from the second data and applied tothe purchase of the running shoe. The value is calculated to be 3.7 KgCoz and would represent the environmental index corresponding to the purchase of the running shoe.
Thus, for every transaction or received first data, an environmental index is determined in stepS3 and summed up to an accumulating value during a specified period of time t = [0...T]. Thisperiod of time T may be a year, a month or a week and it can be customized accordingly. Thisaccumulating value will represent the environmental footprint of the user for the specified period of time T.
These steps S1-S3 are repeated for each received first data, i.e. for all the transactionsperformed by the user by the credit/debit card and accepted by the bank via the server during the time T. 8As previously mentioned, there are several worldwide or local organisations that have beeninvolved in calculating the maximum value of for instance C02 emission that a person is limitedto produce or allow to produce per year. This maximum value is hereby considered as athreshold value for the accumulating value calculated in the previous step S3. The threshold value may also be customised or specified by other sources.
The next step S4 is to compare the accumulating value with the threshold value in order todetermine whether at least one message will be sent in step S5. If the accumulating valueexceeds the threshold value, then in step S5 a message is sent to the graphic user interface, GUI,of the computing device to notify the user that the limit of producing for instance carbonemission is now reached and if further purchases are made, the limit will be surpassed. The laststep S6 performed by the claimed method is to display device the environmental index on theGUI of the computing for each first data or financial transaction together with the totalaccumulating value. The results will be displayed in a simple and educative way on the GUI sothe user can easily determine which purchases have more impact on the environment andshould therefore be avoided. This does not necessarily means that the user or consumer willspend less money or similar but he or she will spend it wisely and in line with the requirements that worldwide institutions are set for each individual in view of the environment.
Fig. 2 shows another example of the method according to the present disclosure. In this case,steps S1 to S5 are similar to those in Fig. 1. However, in the following step S6, a further messageis sent to the server comprising instructions of blocking further financial transactions so that thecomputing device is no longer capable of receiving first data related to a transaction from theserver/bank. The blocking instructions are the results of a carbon limit that is reached when thecarbon emission of the user is higher or equivalent to a predetermined threshold level. Oncethe blocking instructions are sent to the bank via the server, the user will no longer be able touse his/her credit or debit card during the time T. The time cycle is restarted after the time T which may be a year or any other customized time.
Optionally, the method may further comprise a step of enabling the server to performtransactions to a third party upon the step of sending the message in step S5 in Fig. 1 or S6 inFig 2. The third party may be a financial or governmental institution. The user may obtain the possibility to compensate for the carbon emission for his/her consumptions by performing 9transactions to a governmental institution. These transactions may be investments in projectsthat fulfil the criterion for United Nations certified green projects. These projects may be anytype of product that will encourage wind power, improved waste management and any project that contributes to a global emission reduction.
As an alternative, the third party may also be a financial institution. This happens only in casethe blocking action is activated, the user has a second chance to consult another bank or anyother financial institution to make an emergency transaction. However, at the end of the day,the user determines whether a financial transaction is an emergency or not. All these features are customised according to the user preferences. ln Fig. 3, a system is shown for determining an environmental footprint of a user. The systemcomprises a server 301 providing communication between a bank or financial institution 303and a computing device 302. The computing device 302 comprises a processor 306, a storage305 and graphic user interface, GUI on a display 304. The computing device is capable ofreceiving from the server a first data related to a transaction and a second data related to anindex table indicating a relationship between environmental indices and first data. Theprocessor is adapted to perform the steps of storing the first and second data in the storage,determining an environmental index of the stored first data by means ofthe stored second data,repeating the previous steps for each received first data and determining an accumulating valueof all previous determined environmental indices during a specified period of time, comparingthe accumulating value with a predetermined threshold value, and sending the environmentalindex for each first data togetherwith the accumulating value to the GUI and sending a message in the event the accumulating value exceeds the predetermined threshold value.
The processor in the computing device may be adapted to send a further message sendinginstructions to the server to block further financial instructions if the accumulating value isgreater than or equal to the predetermined value. Similarly to the method, the processor mayalso be adapted to enable the server to perform transactions to a third party upon performing the step of sending the message.
By way of example, the storage device 305 may be disk drives, optical storage devices, solid- state devices such as a random access memory ("RAIV|") and/or a read-only memory ("ROIV|"), which can be programmable, flash-updatable and/ or the like. However, as an alternative, the first data and/or the second data may be stored in the cloud or server 301.
As seen in Fig. 3, the computing device may be a PC or a mobile device 302. The mobile device302 comprises mobile applications that may be run on the processor 306 ofthe device 302. Themethod according to the present disclosure may be performed by a mobile application adaptedto the mobile device 302 indicating a relationship between environmental indices and first data, i.e. financial transactions.
The term "user" and "consumer" is used for the sake of simplicity and refers to any personhaving access to the computing device in the form ofa PC, a mobile device, or any other suitable devices.
Whilst the invention has been described with respect to illustrative embodiments thereof, itwill be understood that various changes may be made in the apparatus and means hereindescribed without departing from the scope and the teaching of the invention. Accordingly,the described embodiments are to be considered merely exemplary and the invention or disclosure is not to be limited except as specified in the attached claims.

Claims (2)

11CLAll\/IS
1. A method for determining an environmental footprint of a computing device user comprising the steps of: 0 receiving a first data related to a financial transaction by a computing device from a server, said server being in communication with a bank, 0 storing the first data in a storage on the computing device, 0 receiving a second data by the computing device from the server related to anindex table indicating a relationship between environmental indices and the first data, 0 storing the second data in the storage of the computing device, 0 determining an environmental index of the first data by means of the second data, 0 repeating the previous steps for each received first data and determining anaccumulating value of all previous determined environmental indices during a specified period of time, 0 comparing the accumulating value with a predetermined threshold value, 0 sending at least one message to a graphic user interface GUI ofthe computing device in the event the accumulating value exceeds the threshold value, 0 displaying on the graphic user interface, GUI, of the computing device the environmental index for each first data together with the accumulating value.
2. The method of claim 1, wherein upon the step of sending a message to the computingdevice, a further message is sent to the server comprising instructions of blockingfurther financial transactions so that the computing device is no longer capable of receiving first data related to a transaction from the server. 12The method of any of previous claims, further comprising the step of enabling the server to perform transactions to a third party upon the step of sending the message. The method of any of previous claims, wherein the first data and/or the second data are/is alternatively stored in the cloud. A system for determining an environmental footprint of a user comprising a serverproviding communication between a bank and a computing device, the computingdevice comprising a processor, a storage and a graphic user interface, GUI, and beingcapable of receiving from the server a first data related to a transaction and a seconddata related to an index table indicating a relationship between environmental indices and the first data, the processor is adapted to perform the steps of: storing the first and second data in the storage, 0 determining an environmental index ofthe stored first data by means ofthe stored second data, 0 repeating the previous steps for each received first data and determining anaccumulating value of all previous determined environmental indices during a specified period of time, 0 comparing the accumulating value with a predetermined threshold value, and 0 sending the environmental index for each first data together with theaccumulating value to the GUI and0 sending a message in the event the accumulating value exceeds the predetermined threshold value. 13 The system according to claim 5, wherein the processor is adapted to send a furthermessage sending instructions to the server to block further financial instructions if the accumulating value is greater than or equal to the predetermined value. The system according to any of claims 5-6, wherein the processor is further adaptedto enable the server to perform transactions to a third party upon performing the step of sending the message. The system according to any of claims 5-7, wherein the first data and/or the second data are/is alternatively stored in the cloud. A mobile device indicating a relationship between environmental indices and first data application adapted to perform the steps of claims 1-4.
SE1950725A 2019-06-14 2019-06-14 System and method for enabling efficient determination of a transaction in relation to environmental costs SE1950725A1 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
SE1950725A SE1950725A1 (en) 2019-06-14 2019-06-14 System and method for enabling efficient determination of a transaction in relation to environmental costs
EP20822868.4A EP3983985A4 (en) 2019-06-14 2020-06-15 System and method for enabling efficient determination of a transaction in relation to environmental costs
PCT/SE2020/050621 WO2020251471A1 (en) 2019-06-14 2020-06-15 System and method for enabling efficient determination of a transaction in relation to environmental costs

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Application Number Priority Date Filing Date Title
SE1950725A SE1950725A1 (en) 2019-06-14 2019-06-14 System and method for enabling efficient determination of a transaction in relation to environmental costs

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Publication Number Publication Date
SE1950725A1 true SE1950725A1 (en) 2020-12-15

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