SYSTEMS AND METHODS FOR CREDIT CARD DEMAND FORECASTING USING REGIONAL PURCHASE BEHAVIOR
First Claim
1. A computer-implemented method for forecasting a demand for a credit-based payment card, the method implemented using a demand forecasting computer device coupled to a memory device, the method comprising:
- retrieving financial transaction data for a plurality of payment card cardholders acquired by the demand forecasting computer device and stored in the memory device;
determining variables in the financial transaction data that predict the demand for a credit-based payment card using an independent variables generation engine;
integrating the retrieved financial transaction data, economic data received from sources external to the demand forecasting computer device, and data relating to new payment card cardholders based on the determined variables;
generating a prediction of the demand for credit in a selectable geographic area using a cross-sectional model of the integrated data and the determined variables; and
outputting the prediction.
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Accused Products
Abstract
A computer-implemented method and system for forecasting a demand for a credit-based payment card implemented using a demand forecasting computer device coupled to a memory device. The method includes retrieving financial transaction data for a plurality of payment card cardholders acquired by the demand forecasting computer device and stored in the memory device, determining variables in the financial transaction data that predict the demand for a credit-based payment card using an independent variables generation engine, integrating the retrieved financial transaction data, economic data received from sources external to the demand forecasting computer device, and data relating to new payment card cardholders based on the determined variables, generating a prediction of the demand for credit in a selectable geographic area using a cross-sectional model of the integrated data and the determined variables, and outputting the prediction.
9 Citations
20 Claims
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1. A computer-implemented method for forecasting a demand for a credit-based payment card, the method implemented using a demand forecasting computer device coupled to a memory device, the method comprising:
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retrieving financial transaction data for a plurality of payment card cardholders acquired by the demand forecasting computer device and stored in the memory device; determining variables in the financial transaction data that predict the demand for a credit-based payment card using an independent variables generation engine; integrating the retrieved financial transaction data, economic data received from sources external to the demand forecasting computer device, and data relating to new payment card cardholders based on the determined variables; generating a prediction of the demand for credit in a selectable geographic area using a cross-sectional model of the integrated data and the determined variables; and outputting the prediction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A computer system for processing data, the computer system comprising a memory device and a processor in communication with the memory device, the processor programmed to:
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retrieve financial transaction data for a plurality of payment card cardholders acquired by the demand forecasting computer device and stored in the memory device; determine variables in the financial transaction data that predict the demand for a credit-based payment card using an independent variables generation engine; integrate the retrieved financial transaction data, economic data received from sources external to the demand forecasting computer device, and data relating to new payment card cardholders based on the determined variables; generate a prediction of the demand for credit in a selectable geographic area using a cross-sectional model of the integrated data and the determined variables; and output the prediction. - View Dependent Claims (13, 14, 15)
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16. One or more non-transitory computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor, the computer-executable instructions cause the processor to:
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retrieve financial transaction data for a plurality of payment card cardholders acquired by the demand forecasting computer device and stored in the memory device; determine variables in the financial transaction data that predict the demand for a credit-based payment card using an independent variables generation engine; integrate the retrieved financial transaction data, economic data received from sources external to the demand forecasting computer device, and data relating to new payment card cardholders based on the determined variables; generate a prediction of the demand for credit in a selectable geographic area using a cross-sectional model of the integrated data and the determined variables; and output the prediction. - View Dependent Claims (17, 18, 19, 20)
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Specification