SYSTEMS AND METHODS FOR PROVIDING BUDGET MANAGEMENT THAT INCORPORATES BUDGET REGULATED TRANSACTION ALERTS

摘要

A system includes one or more memory devices storing instructions, and one or more processors configured to execute the instructions to perform the steps of a method for providing real time digital budget tracking using POS interaction. The system may receive user budget information from a user device. The system may then receive a purchase authorization request from a merchant device. During the authorization of the purchase, the system may determine a relevant budget category for the purchase. The system may then determine the amount remaining in the relevant budget category and compare the amount remaining to the purchase amount. Responsive to determining that the purchase amount is greater than the amount remaining in the relevant budget category, the system may transmit a user authorization request to the user device. Responsive to receiving a user authorization message, the system may authorize the merchant device to complete the transaction.