Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-04-19
2000-01-11
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, 235379, 235380, G06F 1760
Patent
active
060146451
ABSTRACT:
A system is disclosed for presenting financial card (e.g., credit card, debit card) offers to potential customers. Financial card applicant selection criteria and financial card term data are provided by participating financial institutions. An applicant interested in applying for a new financial card accesses the system via the Internet/World Wide Web. The applicant provides personal and financial data that are then analyzed in conjunction with data from outside sources (such as credit bureaus) to determine a financial risk rating for the applicant. The rating is used to locate financial card offers appropriate for the applicant. The applicant then peruses the offers and chooses one that meets his or her personal selection criteria. The applicant's data is then forwarded for processing to the participating financial institution that made the selected offer.
REFERENCES:
patent: 5220501 (1993-06-01), Lawlor
patent: 5351186 (1994-09-01), Bullock
patent: 5528490 (1996-06-01), Hill
patent: 5611052 (1997-03-01), Dykstra
patent: 5659731 (1997-08-01), Gustafson
patent: 5696965 (1997-12-01), Dedrick
patent: 5706442 (1998-01-01), Anderson
patent: 5745654 (1998-04-01), Titan
patent: 5749075 (1998-05-01), Toader
Dialog PR 05777108, "Credit Card Network Hits the Internet", p. 1018SE005, Oct. 1995.
American Banker, Network Assemble Card Issuers at an Internet Site, p. 11, Oct. 1995.
Internet Business News, Online Credit Card Sign-up Now Available, Nov. 1995.
Burek, John, The Hot Spot: the Credit Card Network (Web Site Provides Online Repository of Information includes links to credit card, electronic cash and credit report services), v16, n3, p587, Mar. 1996.
Morall, Katherin, Profits by the Numbers, Bankers Monthly, v108 n 11 pp. 25-29, Nov. 1991.
Brennan, Peter, Profitability Scoring Comes of Age, Bank Management, v69 n9 pp. 58-62, Sep. 1993.
Credit Card Management, First Union's Booming Online Branch, Vol. 8 Iss 11 p 1-12, Feb. 1996.
Prince, Cheryl J., Caught in the WEB, Bank Systems Technology, Home Banking, Jul 1995.
Koh, Hian Chye and Tan, Kim Wah, Construction of a Credit Scoring Model to Asses the Default Risk of Credit Card Applicants, International Journal of Management, vol. 11 No. 3, Sep. 1994.
Block Financial Corporation
Kazimi Hani M.
MacDonald Allen R.
LandOfFree
Real-time financial card application system does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Real-time financial card application system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Real-time financial card application system will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1469653