Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
1999-12-31
2011-10-11
Shaawat, Mussa (Department: 3627)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S039000
Reexamination Certificate
active
08036978
ABSTRACT:
A method for managing and assessing a set of risks relative to a financial product, wherein said method is accessed through a data processing system. The data processing system comprises a series of nodes operatively connected with each other. The method begins by performing an application processing procedure, comprising a check of the creditworthiness of one or more selected customers; and issuing a financial product to the selected customer if that customer is determined to be creditworthy; and, declining the application if the customer is determined to be not creditworthy. After the card has been issued to a customer, the use of the card is assessed whenever the card is presented for payment of goods or services or to obtain a cash advance. The assessment is made as the result of a credit authorization request from a merchant or a system user and utilizes a predictive modeling routine to perform the assessment. The credit authorization is accepted or rejected as based upon an outcome of the assessment. The assessment results are then downloaded to the data processing system for transfer to a database accessible by one or more remote nodes of the system. Any of the transactions, assessments, or determinative calculations can be retained as a means of continually refreshing the pool of data available for credit determinations.
REFERENCES:
patent: 4947028 (1990-08-01), Gorog
patent: 5239462 (1993-08-01), Jones et al.
patent: 5252811 (1993-10-01), Henochowicz et al.
patent: 5336870 (1994-08-01), Hughes et al.
patent: 5426281 (1995-06-01), Abecassis
patent: 5453601 (1995-09-01), Rosen
patent: 5496991 (1996-03-01), Delfer, III et al.
patent: 5497317 (1996-03-01), Hawkins et al.
patent: 5557516 (1996-09-01), Hogan
patent: 5590325 (1996-12-01), Kolton et al.
patent: 5611052 (1997-03-01), Dykstra et al.
patent: 5696907 (1997-12-01), Tom
patent: 5732400 (1998-03-01), Mandler et al.
patent: 5745654 (1998-04-01), Titan
patent: 5774882 (1998-06-01), Keen et al.
patent: 5790645 (1998-08-01), Fawcett et al.
patent: 5819226 (1998-10-01), Gopinathan et al.
patent: 5878403 (1999-03-01), DeFrancesco et al.
patent: 5940812 (1999-08-01), Tengel et al.
patent: 5953710 (1999-09-01), Fleming
patent: 5970478 (1999-10-01), Walker et al.
patent: 6014645 (2000-01-01), Cunningham
patent: 6064987 (2000-05-01), Walker et al.
patent: 6088686 (2000-07-01), Walker et al.
patent: 6094643 (2000-07-01), Anderson et al.
patent: 6112190 (2000-08-01), Fletcher et al.
patent: 6119103 (2000-09-01), Basch et al.
patent: 6202053 (2001-03-01), Christiansen et al.
patent: 6208979 (2001-03-01), Sinclair
patent: 6263447 (2001-07-01), French et al.
patent: 6311169 (2001-10-01), Duhon
patent: 6317517 (2001-11-01), Lu
patent: 6324524 (2001-11-01), Lent et al.
patent: 6330546 (2001-12-01), Gopinathan et al.
patent: 6385594 (2002-05-01), Lebda et al.
patent: 6405181 (2002-06-01), Lent et al.
patent: 6567791 (2003-05-01), Lent et al.
patent: 6658393 (2003-12-01), Basch et al.
patent: 7177836 (2007-02-01), German et al.
patent: 7813944 (2010-10-01), Luk et al.
patent: 2001/0011246 (2001-08-01), Tammaro
patent: 2001/0014877 (2001-08-01), Defrancesco et al.
patent: 2007/0136189 (2007-06-01), German et al.
patent: 2007/0136192 (2007-06-01), German et al.
patent: 2007/0143209 (2007-06-01), German et al.
Jackson, “The upside and downside of VisaNet.” Dec. 1990.
McKendrick, “In a New York minute?” Oct. 1997.
Anonymous, “Fraudulent credit applications.” Dec. 1983.
Weisberg et al., “Hamstrung Adjusters Need Better Ways to Stop Fraud.” Sep. 1995.
Marlin, “New Card-Fraud System Upcoming at First Union.” Sep. 1997.
Porter, “Detecting Credit Application Fraud.” 1997.
Joelson, “Thwarting Credit Application Fraud.” Mar. 1998.
Ryman-Tubb, “Combating Application Fraud.” 1998.
Collins Brian A.
Malandra, Jr. Charles R.
Pitney Bowes Inc.
Shaawat Mussa
Shapiro Steven J.
LandOfFree
Method of upgrading third party functionality in an... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method of upgrading third party functionality in an..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method of upgrading third party functionality in an... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4269629