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Reducing Risks Related to Check Verification

  • US 20070168246A1
  • Filed: 12/22/2006
  • Published: 07/19/2007
  • Est. Priority Date: 10/29/2004
  • Status: Active Grant
First Claim
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1. A method of reducing risks faced by a merchant when accepting a check from a customer, comprising:

  • (a) modeling consumer spending patterns using individual and aggregate consumer data, including tradeline data, internal customer data, and consumer panel data;

    (b) estimating a credit-related characteristic of the individual customer based on tradeline data of the individual customer, balance transfers of the individual customer, and the model of consumer spending patterns as applied to the individual customer;

    (c) determining a risk value of the individual customer based on the estimated credit-related characteristic; and

    (d) making a check acceptance decision based on the determined risk value.

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