Systems and methods for offering credit line products
First Claim
1. A computer implemented method for offering a credit line product to customers of a financial institution, comprising:
- creating a client household level file for each of a plurality of financial institution customers based on an evaluation according to predetermined evaluation parameters of client information received from financial institution database systems;
selecting client household level files for financial institution customers deemed eligible for consideration for a credit-line product offering based on predetermined client level and account level selection parameters applied separately;
formatting and electronically transferring the selected client household level files to a credit bureau for credit scoring according to predetermined credit criteria;
receiving from the credit bureau electronically by an automated credit application processing system of the financial institution a credit-screened account file corresponding to each of the selected client household level files with appended credit score and credit line product terms for a customer solicitation as determined by the credit bureau;
sending a solicitation for a credit line product to each customer associated with a credit-screened account file by the automated credit application processing system of the financial institution based on the appended credit line product terms; and
receiving responses by the financial institution from customers who elect to accept to the credit line product solicitation.
1 Assignment
0 Petitions
Accused Products
Abstract
Computer implemented methods and systems for offering a credit line product to customers of a financial institution in which client household level files are created for financial institution customers, particular ones of which are then selected for a credit-line product offering based on client level and account level selection parameters, and the selected files are transferred electronically to a credit bureau. Thereafter, credit-screened account files corresponding to each of the selected client household level files with an appended credit score and credit line product terms are received from the credit bureau electronically by the financial institution for customer solicitations as determined by the credit bureau, and the customer solicitations are sent out by the financial institution.
271 Citations
21 Claims
-
1. A computer implemented method for offering a credit line product to customers of a financial institution, comprising:
-
creating a client household level file for each of a plurality of financial institution customers based on an evaluation according to predetermined evaluation parameters of client information received from financial institution database systems;
selecting client household level files for financial institution customers deemed eligible for consideration for a credit-line product offering based on predetermined client level and account level selection parameters applied separately;
formatting and electronically transferring the selected client household level files to a credit bureau for credit scoring according to predetermined credit criteria;
receiving from the credit bureau electronically by an automated credit application processing system of the financial institution a credit-screened account file corresponding to each of the selected client household level files with appended credit score and credit line product terms for a customer solicitation as determined by the credit bureau;
sending a solicitation for a credit line product to each customer associated with a credit-screened account file by the automated credit application processing system of the financial institution based on the appended credit line product terms; and
receiving responses by the financial institution from customers who elect to accept to the credit line product solicitation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
-
-
20. A machine-readable medium on which is encoded program code for offering a credit line product to customers of a financial institution, comprising instructions for:
-
creating a client household level file for each of a plurality of financial institution customers based on an evaluation according to predetermined evaluation parameters of client information received from financial institution database systems;
selecting client household level files for financial institution customers deemed eligible for consideration for a credit-line product offering based on predetermined client level and account level selection parameters applied separately;
formatting and electronically transferring the selected client household level files to a credit bureau for credit scoring according to predetermined credit criteria;
receiving from the credit bureau electronically by an automated credit application processing system of the financial institution a credit-screened account file corresponding to each of the selected client household level files with appended credit score and credit line product terms for a customer solicitation as determined by the credit bureau;
sending a solicitation for a credit line product to each customer associated with a credit-screened account file by the automated credit application processing system of the financial institution based on appended credit line product terms; and
receiving responses by the financial institution from customers who elect to accept to the credit line product solicitation.
-
-
21. A computer implemented system for offering a credit line product to customers of a financial institution, comprising:
-
means for creating a client household level file for each of a plurality of financial institution customers based on an evaluation according to predetermined criteria of client information received via a marketing database application of the financial institution from a customer account information database system of the financial institution and a customer account servicing database system of the financial institution;
means for selecting client household level files for financial institution customers deemed eligible for consideration for a credit-line product offering based on predetermined client level and account level selection parameters applied separately by a financial institution screening system;
means for formatting and electronically transferring the selected client household level files to a credit bureau for credit scoring according to predetermined credit criteria;
an automated credit application processing system preprogrammed for receiving from the credit bureau electronically a credit-screened account file corresponding to each of the selected client household level files with appended credit score and credit line product terms for a customer solicitation as determined by the credit bureau and for sending a solicitation for a credit line product to each customer associated with a credit-screened account file based on the appended credit line product terms; and
means for receiving responses from customers who elect to accept to the credit line product solicitation.
-
Specification