RESOURCE-ALLOCATION PROCESSING SYSTEM AND APPROACH WITH ADAPTIVE-ASSESSMENT PROCESSING

• US 20100017315A1
• Filed: 07/21/2009
• Published: 01/21/2010
• Est. Priority Date: 07/21/2008
• Status: Abandoned Application

• Current Assignee: Syncada LLC (US Bancorp)
• Original Assignee: Syncada LLC (US Bancorp)
• Inventors: Hahn-Carlson, Dean W.
• Application Number:
  US12/506,956
• Publication Number:
  US 20100017315A1
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Adaptive transaction data processing and analysis is carried out using inputs that are dynamically responsive. Embodiments of the present invention are directed to a computer-based system and related linking database that are configured to adaptively generate and output audit and electronic resource allocation data (e.g., payment data) based upon tracking fields that dynamically change across a multitude of disparate transactions.

Claims

1. A computer-based system for linking, auditing, and generating electronic payment resource-allocation data for transaction data sets respectively pertaining to one of a multitude of transactions involving disparate transaction entities and different processing rules for each party, the system comprising:

a data storage arrangement that stores entity-specific audit rules for processing the transaction data sets on behalf of each entity, that stores credit resource allocation rules for providing funds to cover payments made on behalf of each entity, and that stores contract data specifying previously-defined contract terms for specific transactions;

a tracking controller configured to generate and store historical payment resource-allocation data for transaction data sets and transactions to which they pertain, the resource-allocation data including information for categorizing transactions, and for characterizing credit-based characteristics of the transactions,

an adaptive rule controller configured to adaptively generate updated allocation rules pertaining to each of a plurality of entities based upon the stored historical resource-allocation data; and

an auditing processor configured to, for each received transaction data set,

correlate the transaction data set with a particular entity, the entity'"'"'s audit rules and updated credit allocation rules, and a contract involving the entity and pertaining to the transaction,

use the correlated rules together with data in the transaction data set to audit the data set to determine;

a condition of payment authorization on behalf of the particular entity, and a condition of electronic funds allocation for providing funds on behalf of the particular entity, and

in response to the audit and respectively-determined conditions of payment authorization and electronic funds allocation, generate data to facilitate electronic payment for the transaction.

2. The system of claim 1, wherein

the adaptive rule controller adaptively generates updated allocation rules by adaptively developing updated rules and profiles for a financial party that provides funds to fund electronic payment for the transactions, and

the auditing processor uses the updated rules and profiles for the financial party as inputs for auditing the data set to determine a condition of payment authorization on behalf of a particular entity sponsored by the financial party.

3. The system of claim 1, wherein the tracking controller is configured to develop a historical record of selected aspects of the transactions by tracking attributes indicative of a credit rating for a financial party that provides funds to facilitate payment for the transactions.

4. The system of claim 1, wherein the auditing processor is configured to use the correlated credit allocation rules to underwrite the extension of credit to provide credit-based payment for transactions on behalf of the participating entity.

5. The system of claim 1, wherein the auditing processor is configured to determine a condition of electronic funds allocation by using historical resource-allocation data to control the placement of receivables for the transactions in one of a plurality of pools of credit, based upon the credit-based characteristics of the transactions.

6. A computer-based system for linking, auditing, and generating electronic resource-allocation data for transaction data sets respectively pertaining to one of a multitude of transactions involving disparate transaction entities and related auditing and resource-allocation data, the system comprising:

a data storage arrangement that

stores data sets respectively including rules for processing the transaction data sets and profile data for entities involved in the transactions, and

stores correlation data for correlating received transaction data sets with a transaction to which the received transaction data sets apply, with rules for the transaction and with profile data for an entity involved in the transaction;

a computer-based processing and allocation circuit programmed for

correlating received transaction data sets with a particular transaction and with sets of rules and profile data for the transaction, using the stored correlation data,

auditing initial ones of the transaction data sets using the correlated sets of rules and profiles and, based upon the audit, generating electronic resource-allocation data for the initial transactions,

for one of the entities involved in a plurality of the transactions occurring over time, storing data representing selected aspects of the audited transaction data sets to develop an historical record of the transactions and provide tracking of attributes indicative of a resource-allocation rating for said one of the entities,

adaptively generating updated rules pertaining to said one of the entities, using the historical record and the tracked attributes, and storing the updated rules in the data storage arrangement, and

auditing additional transaction data sets using the correlated sets of updated rules and profiles and, based upon the audit, generating electronic resource-allocation data for the additional transaction data sets.

7. The system of claim 6, wherein

the transactions are payment-based transactions for which electronic funds are allocated and payment is generated, and

the rules and updated rules include underwriting criteria for ongoing transactions.

8. The system of claim 6, wherein the allocation circuit adaptively generates updated rules by adaptively developing updated rules and profiles for a financial party that provides funds to fund electronic payment for the transactions.

9. The system of claim 6, wherein the allocation circuit is configured to develop a historical record of selected aspects of the transactions by tracking attributes indicative of a credit rating for a financial party that provides funds to facilitate payment for the transactions.

10. The system of claim 6, wherein the allocation circuit is configured to develop a historical record of selected aspects of the transactions by tracking attributes indicative of a credit rating for one of the entities.

11. The system of claim 6, wherein the allocation circuit is configured to use the updated rules correlated to a participating entity to underwrite an extension of credit to provide credit-based payment for transactions on behalf of the participating entity.

12. The system of claim 6, wherein the allocation circuit is configured to

develop an historical record of selected aspects of financial transactions and track attributes indicative of a credit rating for a financial party that provides funds to facilitate payment for the transactions, and

use the credit rating of the financial party to audit an extension of credit to provide payment for ongoing transactions sponsored by the financial party.

13. The system of claim 6, wherein the allocation circuit is configured to develop an historical record of selected aspects of the transactions and track attributes respectively indicative of a credit rating for a financial party that provides funds from a pool of credit to facilitate payment for financial transactions.

14. The system of claim 6, wherein the allocation circuit is configured to

develop an historical record of selected aspects of the transactions and track attributes indicative of a credit rating for a particular buyer on behalf of which credit is extended to facilitate payment for transactions involving merchant offerings purchased by the buyer, and

store data to electronically pool receivables for the particular buyer in a pool of credit based on a credit rating of the buyer.

15. The system of claim 6, wherein the allocation circuit is configured to use an historical record of selected aspects of the transactions and tracked attributes indicative of a credit rating for a particular transaction party to classify the particular buyer relative to a pool of credit from which funds are provided for payment of transactions involving the particular transaction party.

16. The system of claim 6, wherein the allocation circuit is configured to use the historical record of selected aspects of the transactions and tracked attributes indicative of a credit rating for a particular transaction party to control the placement of receivables for the transactions in one of a plurality of pools of credit based upon the credit rating.

17. The system of claim 6, wherein the allocation circuit is configured to

adaptively develop a credit rating for a financial party that provides funds to facilitate payment for financial transactions as a function of receivables due to the financial party for the transactions, and

use the credit rating of the financial party in ongoing financial transactions involving the financial party.

18. A computer-based method for linking, auditing, and generating electronic resource-allocation data for transaction data sets respectively pertaining to one of a multitude of transactions involving disparate transaction entities and related auditing and resource-allocation data, the method comprising:

storing, in a database,

data sets respectively including rules for processing the transaction data sets and profile data for entities involved in the transactions, and

correlation data for correlating received transaction data sets with a transaction to which the received transaction data sets apply, with rules for the transaction and with profile data for an entity involved in the transaction;

operating a computer-based processing and allocation circuit for

correlating received transaction data sets with a particular transaction and with sets of rules and profile data for the transaction, using the stored correlation data,

auditing initial ones of the transaction data sets using the correlated sets of rules and profiles and, based upon the audit, generating electronic resource-allocation data for the initial transactions,

for one of the entities involved in a plurality of the transactions occurring over time, storing data representing selected aspects of the audited transaction data sets to develop an historical record of the transactions and provide tracking of attributes indicative of a resource-allocation rating for said one of the entities,

adaptively generating updated rules pertaining to said one of the entities, using the historical record and the tracked attributes, and storing the updated rules in the data storage arrangement, and

auditing additional transaction data sets using the correlated sets of updated rules and profiles and, based upon the audit, generating electronic resource-allocation data for the additional transaction data sets.