Capital One Services, LLC

Steven Black

Bryant Alan Yee

Samuel Rapowitz

Jenny Melendez

Alexander Lin

Joshua Peters

Zachary Sweeney

Disclosed embodiments may include a method for automatically providing customized financial card incentives where the system can identify if a transaction is eligible for additional bonus rewards by determining if the user is a student using a clustering algorithm with user similarity data to generate a probability. Then, if the probability is above a predetermined threshold, a machine learning model with comprehensive user data classifies the user as a student or non-student. Once the user is determined to be a student, the transaction is verified as being an educational purchase using the transaction data or by having the user provide an image of a receipt. Once the transaction is verified, the transaction or items within the transaction qualify for additional rewards that are applied to the user's account. Users who are not identified as students may qualify for a standard amount of rewards.

Systems and methods for automatically providing customized financial card incentives

System and methods for automatically providing customized financial card incentives

Growing community of inventors

Arlington, VA, United States of America

Steven Black