SYSTEM AND METHOD FOR CALCULATING EXPECTED APPROVAL RATES
First Claim
1. A computer implemented method for facilitating a calculation of an expected transaction approval rate based upon at least one of a transaction limit, transactional history, periodic variance, transactional variance, preferred supplier threshold, industry restrictions and typical usage.
4 Assignments
0 Petitions
Accused Products
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.
33 Citations
8 Claims
- 1. A computer implemented method for facilitating a calculation of an expected transaction approval rate based upon at least one of a transaction limit, transactional history, periodic variance, transactional variance, preferred supplier threshold, industry restrictions and typical usage.
- 6. A computer implemented method for facilitating the calculation of an transaction limit based upon an expected transaction approval rate.
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8. A computer-readable storage medium containing a set of instructions for a general purpose computer configured for facilitating a calculation of an expected transaction approval rate based upon at least one of a transaction limit, transactional history, periodic variance, transactional variance, preferred supplier threshold, industry restrictions and typical usage.
Specification