According to GlobalData’s company profile on Acorns Advisers, Transaction splitting was a key innovation area identified from patents. Acorns Advisers's grant share as of June 2024 was 67%. Grant share is based on the ratio of number of grants to total number of patents.

Transaction processing system with round-up filtering mechanism

The granted patent US12026779B2 outlines a system and method for processing electronic transactions, specifically focusing on a "round up" feature that enhances transaction management. The system comprises a non-transitory computer-readable storage medium and one or more processors that execute instructions to handle transaction data from an electronic payment gateway. The process begins with the receipt of transaction data, which includes descriptors or values associated with transactions. A filtering parameter is applied to determine if a transaction is suitable for the round-up process. If a transaction is deemed unsuitable, the system prevents the round-up process from being applied, thereby avoiding potential errors such as indefinite loops in the execution of logic code. Conversely, if a second transaction is identified as suitable, the system performs the round-up process, calculating the difference between the transaction's numerical value and its rounded-up integer value, and subsequently transfers the calculated amount between accounts.

Additionally, the patent details the creation of an electronic ledger that records transactions prior to the round-up process, which may include specific descriptors such as transaction dates or types. The system is designed to monitor a database for transactions based on user interactions, such as swiping gestures on a graphical user interface, and can operate on a daily, weekly, or monthly basis. The processors are also configured to transmit real-time updates regarding the differences calculated for multiple transactions to the user interface. Overall, the patent presents a structured approach to managing electronic transactions while minimizing errors associated with the round-up process, thereby enhancing the efficiency and reliability of electronic payment systems.

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