×

Computer-Implemented Method and System for Dynamic Consumer Rating in a Transaction

  • US 20080195528A1
  • Filed: 01/25/2005
  • Published: 08/14/2008
  • Est. Priority Date: 01/25/2005
  • Status: Active Grant
First Claim
Patent Images

1. A computer-implemented method of rating a consumer in connection with a transaction initiated by the consumer and requesting credit from a credit issuer, comprising the steps of:

  • (a) providing a merchant-based consumer/transaction data set including a plurality of data fields to a central credit issuer database;

    (b) providing a third party credit history data set including a plurality of data fields to a central credit issuer database;

    (c) providing a credit, issuer credit history data set including a plurality of data fields to a central credit issuer database;

    (d) determining a consumer rating index variable based upon a scoring formula utilizing at least one data field value from at least one of the provided merchant-based consumer/transaction data set, the third party credit history data set and the credit issuer credit history data set; and

    (e) presenting the consumer rating index variable to the credit issuer;

    wherein the method is initiated substantially at the time the credit transaction is initiated.

View all claims
  • 6 Assignments
Timeline View
Assignment View
    ×
    ×