FinCare – A Digital Spending Conscience or “Do you really need a flamethrower?”

Presenter Information

Michel Kuhlmann, Chair of Information Systems II, University of MannheimFollow
Felix Maximilian Roth, Chair of Information Systems II, University of MannheimFollow
Christian Becker, Chair of Information Systems II, University of MannheimFollow
Erik Theissen, Chair of Finance, University of MannheimFollow

Start Date

16-8-2018 12:00 AM

Description

Cashless payments are on the rise as technology advancements enable new and more convenient ways of payment. With the decrease in cash payments and an increased ease of paying online or by credit card, consumers do not feel the “pain of paying” anymore. Certain situations might tempt consumers to adverse impulse purchases. Many applications already leverage user profiles to create individual experiences tailored to the user. Knowing the user’s current context can be used by a system to detect anomalies in behavior and warn the user. We propose a family of systems that evaluate purchase intentions based on the current user situation. The user will be notified about adverse impulse purchases and unusual behavior, so that s/he can cancel these transactions. The paper illustrates a possible system design along with corresponding use cases.

Recommended Citation

Kuhlmann, Michel; Roth, Felix Maximilian; Becker, Christian; and Theissen, Erik, "FinCare – A Digital Spending Conscience or “Do you really need a flamethrower?”" (2018). AMCIS 2018 Proceedings. 9.
https://aisel.aisnet.org/amcis2018/AdvancesIS/Presentations/9