Systems and methods for presenting recognizable bank account transaction descriptions compiled through customer collaboration

摘要

A system and methods for leveraging a community of users to collaboratively identify bank or investment account transaction descriptions by providing common, more recognizable description, category and location information used most often by the community. A database may be maintained that is accessible by the customer/user community to view, update and provide understandable descriptions for such cryptic descriptions. The database may be searchable such that a customer/user may search a description to determine or update the source of the transaction.