Registers – Systems controlled by data bearing records – Credit or identification card systems
Reexamination Certificate
2007-12-18
2007-12-18
Hess, Daniel (Department: 2876)
Registers
Systems controlled by data bearing records
Credit or identification card systems
C705S035000, C705S038000, C705S039000, C705S040000
Reexamination Certificate
active
11552059
ABSTRACT:
The invention facilitates the computation of expected approval rates based on historic transaction data relating to transaction classes, approved transactions and declined transactions. The invention provides a system and method by which a program administrator for a company may model varying client-imposed limit scenarios in order to determine one or more optimal monthly and/or transactional spending limits. Further, the present invention provides a means for setting varying monthly and/or transaction spending limits for purchases from any number of industries. Providing card members with information regarding optimal spending limits reduces the occurrences of declined credit transactions. A program administrator may also utilize the present invention to provide any number of limit scenarios in order to persuade a card member to increase their client-imposed credit limit to an optimal level thereby reducing the card member's inconvenience caused by declined purchase transactions while recapturing lost revenues by the card issuer.
REFERENCES:
patent: 5903830 (1999-05-01), Joao et al.
patent: 5914472 (1999-06-01), Foladare et al.
patent: 6125349 (2000-09-01), Maher
patent: 6173269 (2001-01-01), Solokl et al.
patent: 6343279 (2002-01-01), Bissonette et al.
patent: 6422462 (2002-07-01), Cohen
patent: 6529725 (2003-03-01), Joao et al.
patent: 6546418 (2003-04-01), Schena et al.
patent: 6988082 (2006-01-01), Williams et al.
patent: 7143936 (2006-12-01), Anderson et al.
patent: 2001/0051917 (2001-12-01), Bissonette et al.
patent: 2002/0010522 (2002-01-01), Martin
patent: 2002/0069177 (2002-06-01), Carrott et al.
patent: 2002/0116244 (2002-08-01), Honarvar et al.
patent: 2002/0143647 (2002-10-01), Headings et al.
patent: 2002/0178071 (2002-11-01), Walker et al.
patent: 2002/0198806 (2002-12-01), Blagg et al.
patent: 2003/0009382 (2003-01-01), DArbeloff et al.
patent: 2003/0139990 (2003-07-01), Greco
patent: 2003/0149659 (2003-08-01), Danaher et al.
patent: 2003/0167227 (2003-09-01), Mellinger et al.
patent: 2003/0182247 (2003-09-01), Mobed et al.
patent: 2003/0187778 (2003-10-01), Sgaraglio et al.
patent: 2003/0195859 (2003-10-01), Lawrence
patent: 2003/0229582 (2003-12-01), Sherman et al.
Anderson Gordon Emory
Campanaro Catherine J
Connelly David S
Madaan Sanjay
Moore Kevin L
American Express Travel Related Services Company Inc.
Hess Daniel
Snell & Wilmer L.L.P.
LandOfFree
System and method for calculating expected approval rates does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method for calculating expected approval rates, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for calculating expected approval rates will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3894640