Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-07-14
2009-11-10
Cheung, Mary (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
07617156
ABSTRACT:
A method for minimizing overdraft charge-off in a bank account includes:(a) identifying a plurality of factors that can result in a bank account charge-off;(b) building a case history database of bank account holder information based upon a plurality of data elements associated with each of the plurality of factors;(c) creating numeric and/or categorical representations of the bank account holder information for each of the bank accounts in the case history database;(d) tabulating the numeric and/or categorical representations and the data elements for the bank accounts in the case history database;(e) combining certain ones of the numeric and/or categorical representations to separate the bank accounts in the case history database into a plurality of risk groups, each risk group having an associated probability of charge-off; and(f) optimizing, for each of the plurality of risk groups, a bank profit, by setting overdraft limits.
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Australia and NZ Banking Group Signs Fraud Protection Contract, AsiaPulse News, Aug. 15, 2001.
Carreker Corporation
Cheung Mary
Nguyen Tien C
Sutherland & Asbill & Brennan LLP
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