Systems and methods for non-account based liability reporting

• US 20040019543A1
• Filed: 07/25/2002
• Published: 01/29/2004
• Est. Priority Date: 07/25/2002
• Status: Abandoned Application

• Current Assignee: First Data Corporation (Fiserv Incorporated)
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Vovk, Paula Jane, Christopherson, Chris, Blagg, Lynn Holm
• Application Number:
  US10/205,482
• Publication Number:
  US 20040019543A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

The present invention provides systems and methods that provide liability and risk exposure information to a reporting entity, while limiting access to account level usage information. Such methods can include maintaining account information associated with a plurality of accounts. A reporting combination is formed from the plurality of accounts, and at least a portion of the information associated with the individual accounts is abstracted. The abstracted information is provided to a reporting entity such that the reporting entity is prevented from extracting account level information therefrom. Systems can include a computer with a communication device and a computer readable medium. The computer readable medium includes instructions executable by the computer to implement the aforementioned method.

Claims

1. A method for reporting non-account based financial information, the method comprising:

maintaining account information associated with a first account;

maintaining account information associated with a second account;

forming a reporting combination including the first account and the second account;

abstracting at least a portion of the information associated with the first account and the information associated with the second account; and

reporting the abstracted information to a reporting entity, wherein the reporting entity is limited from identifying the first account.

2. The method of claim 1, wherein the account information associated with the first account and the account information associated with the second account is maintained by a transaction processor.

3. The method of claim 2, wherein the transaction processor is in communication with the reporting entity via a communication network.

4. The method of claim 2, the method further comprising:

maintaining account information associated with a third account, wherein the reporting combination further includes the third account, and wherein the abstracting further includes abstracting at least a portion of the information associated with the third account.

5. The method of claim 1, wherein the account information associated with the first account and the account information associated with the second account is maintained by an issuer.

6. The method of claim 1, wherein forming the reporting combination includes identifying two or more accounts that are associated with a common owner.

7. The method of claim 6, wherein the abstracting at least a portion of the information associated with the first account and the information associated with the second account includes combining account information from the first account associated with the common owner with account information from the second account associated with the common owner.

8. The method of claim 1, wherein the abstracting includes creating one or more statistics selected from a group consisting of a total delinquent amount associated with the first account and the second account, a total credit exposure associated with the first account and the second account, an aggregate of the credit limit for the first account and the second account, an aggregate of the balance outstanding on the first account and the second account, an aggregate of the balance outstanding on the first account and the second account as a percentage of an aggregate of the credit limit on the first account and the second account, an aggregate of the average daily balance for the first account and the second account, and an aggregate of the average daily balance for the first account and the second account as a percentage of an aggregate of the credit limit on the first account and the second account.

9. The method of claim 8, wherein the abstracting further includes providing one or more statistics selected from a group consisting of:

the longest period of delinquency on either the first account or the second account, the longest time to pay on a balance of either of the first account or the second account, most consecutive days delinquent on either the first account or the second account, a cumulative consecutive days delinquent between the first account and the second account, and an average of the number of days delinquent of the first account and the second account.

10. The method of claim 8, wherein the abstracting comprises combining information from the first account associated with a common owner with information from the second account associated with the common owner, and wherein the abstracting further includes providing one or more statistics selected from a group consisting of:

a current address of the common owner, a social security number of the common owner, a last payment date, a summary of payment history.

11. The method of claim 1, wherein the first account is associated with an account group.

12. The method of claim 11, wherein an owner of the second account is also liable for the account group.

13. The method of claim 12, wherein the abstracting includes creating one or more statistics selected from a group consisting of:

a total delinquent amount associated with the second account and all accounts in the account group for which the owner is liable, a total credit exposure associated with the second account and all accounts in the account group for which the owner is liable, an aggregate of the credit limit for the second account and all accounts in the account group for which the owner is liable, an aggregate of the balance outstanding on the second account and all accounts in the account group for which the owner is liable, an aggregate of the balance outstanding on the second account and all accounts in the account group for which the owner is liable as a percentage of an aggregate of the credit limit on the second account and all accounts in the account group for which the owner is liable, an aggregate of the average daily balance for the second account and all accounts in the account group for which the owner is liable, and an aggregate of the average daily balance for the second account and all accounts in the account group for which the owner is liable as a percentage of an aggregate of the credit limit on the second account and all accounts in the account group for which the owner is liable.

14. A system for reporting non-account based financial information, the system comprising:

a computer, wherein the computer comprises a communication device and a computer readable medium, and wherein the computer readable medium comprises instructions executable by the computer to;

receive account information associated with a first account, and account information associated with a second account;

form a reporting combination including the first account and the second account;

abstract at least a portion of the information associated with the first account and the information associated with the second account; and

transfer the abstracted information to a reporting entity, wherein the reporting entity is limited from extracting the information associated with the first account.

15. The system of claim 14, wherein forming the reporting combination includes identifying two or more accounts that are associated with a common owner, and wherein the abstracting at least a portion of the information associated with the first account and the information associated with the second account includes combining information from the first account associated with the common owner with information from the second account associated with the common owner to create one or more statistics selected from a group consisting of:

a total delinquent amount associated with the first account and the second account, a total credit exposure associated with the first account and the second account, an aggregate of the credit limit for the first account and the second account, an aggregate of the balance outstanding on the first account and the second account, an aggregate of the balance outstanding on the first account and the second account as a percentage of an aggregate of the credit limit on the first account and the second account, an aggregate of the average daily balance for the first account and the second account, and an aggregate of the average daily balance for the first account and the second account as a percentage of an aggregate of the credit limit on the first account and the second account.

16. A method for maintaining historical financial information, the method comprising:

receiving information about an account holder, wherein the information about the account holder includes an abstract of information related to a first account and information related to a second account, and wherein the abstract is received from one of a group consisting of;

a transaction processor and an issuer; and

providing access to information that incorporates the abstract to a requester, wherein the requester is prevented from identifying the first account.

17. The method of claim 16, wherein the abstract is received via a communication network.

18. The method of claim 16, wherein the first account is associated with an account group, and wherein the owner of the first account is liable for one or more other accounts associated with the account group.

19. The method of claim 18, wherein the abstract includes information related to the one or more other accounts associated with the account group.

20. The method of claim 19, wherein the requestor is prevented from identifying the account group.

21. A method for reporting liability information, the method comprising:

maintaining account information associated with a first account, wherein the first account is associated with a first issuer;

maintaining account information associated with a second account, wherein the second account is associated with a second issuer;

forming a reporting combination including the first account and the second account;

abstracting at least a portion of the information associated with the first account and the information associated with the second account; and

reporting the abstracted information to a reporting entity, wherein the reporting entity is limited from extracting the information associated with the first account.