System and Method of Calculating the Pricing of Credit Based on Engagement with a Driver Programme
First Claim
1. A method of calculating the pricing of credit based on engagement with a driver programme, the method including:
- receiving, with a computer, data including information relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database;
awarding, with a computer, points to the driver wherein the points allocated are related to the compliance of the driver in the programme areas; and
using the points allocated as one factor to calculate, with a computer, the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit.
1 Assignment
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Accused Products
Abstract
A system and method of calculating the pricing of credit based on engagement with a driver programme includes receiving data including information relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the driver wherein the points allocated are related to the compliance of the driver in the programme areas and the points allocated are used as one factor to calculate the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit.
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Citations
18 Claims
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1. A method of calculating the pricing of credit based on engagement with a driver programme, the method including:
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receiving, with a computer, data including information relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database; awarding, with a computer, points to the driver wherein the points allocated are related to the compliance of the driver in the programme areas; and using the points allocated as one factor to calculate, with a computer, the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer system for calculating the pricing of credit based on engagement with a driver programme, the system including:
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a receiving module for receiving data relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours; a calculation module to award points to the driver wherein the points allocated are related to the compliance of the driver in the programme areas; and a credit module to use the points allocated as one factor to calculate the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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Specification