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Method and apparatus for applying customized rating adjustments to transaction charges

  • US 5,444,630 A
  • Filed: 12/29/1993
  • Issued: 08/22/1995
  • Est. Priority Date: 12/29/1993
  • Status: Expired due to Term
First Claim
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1. A method of calculating a charge for a selected transaction, the method comprising the steps of:

  • a) providing an apparatus for calculating the charge, the apparatus having means for storing a first database for determining base rates for transactions, the first database being partitioned into cells in accordance with first parameters characterizing the transactions, and means for storing a second database, said second database including a plurality of sets of transform data for transforming the base rates into a second level rates, each of said sets of transform data being partitioned into cells in accordance with the first characterizing parameters;

    b) inputting the first characterizing parameters and second characterizing parameters for the selected transaction to the apparatus;

    c) controlling the apparatus to select one of said sets of transform data in accordance with the second characterizing parameters,d) controlling the apparatus to select a first cell in the first database and a second cell in the selected set of transform data in accordance with the first characterizing parameters;

    e) controlling the apparatus to calculate a base rate for the selected transaction in accordance with data from the first cell.f) controlling the apparatus to calculate a second level rate for the selected transaction in accordance with the base rate and transform data from the second cell; and

    g) controlling the apparatus to calculate the charges for the selected transaction in accordance with a last calculated rate.

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