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Flexible apparatus and method for applying customized rating adjustments to transaction charges

  • US 5,337,246 A
  • Filed: 05/22/1992
  • Issued: 08/09/1994
  • Est. Priority Date: 05/22/1992
  • Status: Expired due to Term
First Claim
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1. A method for implementing custom discount rates for determining charges for a class of transactions, comprising the steps of:

  • a) partitioning said class of transactions into cells in accordance with predetermined criteria;

    b) defining a plurality of discounts or surcharges applicable to said transactions;

    c) providing a user with an apparatus for computing said charges, said apparatus comprising;

    c1) means for determining base rates for said transactions; and

    ,c2) means, responsive to user configuration data defining correspondences between said discounts or surcharges and selected cells, said configuration data being selected independently of said discounts or surcharges and said cells, for applying said discounts or surcharges which correspond to said selected cells to said base rates for particular transactions which satisfy said criteria for said selected cells;

    d) updating said user configuration data for said apparatus with updated configuration data defining a selected custom discount rate to implement said selected discount rate; and

    ,e) calculating the final charge for said class of transactions by applying said plurality of discounts or surcharges determined by said apparatus for computing said charges in accordance with said user configuration data.

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