Service charge adjustment platform

• US 7,124,111 B1
• Filed: 09/13/2000
• Issued: 10/17/2006
• Est. Priority Date: 09/14/1999
• Status: Expired due to Term

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Mannino, John J., Montevago, Franca, Jemella, Donald F., Mirabella, Loretta
• Primary Examiner(s): Patel, Jagdish
• Application Number:
  US09/660,814
• Time in Patent Office: 2,225 Days
• Field of Search: 705/39, 705/40, 705/38, 705/41, 705/42, 705/35
• US Class Current: 705/38
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method of providing a representative or customer with an opportunity to electronically process a request to adjust, refund or waive a service charge on various products and services, comprising the steps of a) receiving requests via various channels such as phone, facsimile, in person, on-line, etc.; b) maintaining an electronic site on a computer network which representative or customer may connect; c) presenting at least one electronic screen over the network to a representative or customer who has connected to the electronic site, including a first input field operable to receive a first command from the representative or customer indicative of a type of adjustment; d) electronically delivering the first command to an automated interface which converts a format of the first command to another format; and presenting a decision to the representative or customer in response to the first command.

Claims

1. Apparatus for providing a customer with an opportunity to request an adjustment to said customer'"'"'s account, comprising:

a network interface for sending and receiving data over an electronic network;

a service charge adjustment system coupled to the network interface, the service charge adjustment system performing at least the functions of;

receiving a request from the customer to make an adjustment to the account, wherein the request for adjustment relates to a charge or fee posted against the customer'"'"'s account;

delivering the request to an automated interface, wherein the automated interface performs at least the functions of;

(1) retrieving at least one business rule from a business rules database, and (2) applying the at least one business rule to arrive at a decision regarding the request, and wherein said automated interface performs each of the following;

(1) validating the existence of a service charge, (2) determining the cost-effectiveness of granting the request, (3) checking to see if the customer has a special status, (4) determining if a bank error has occurred, (5) checking to see if the customer is a high value customer, (6) rating the profitability of granting the request, (7) checking to see if the customer has made at least a predetermined number of previous requests, (8) ascertaining if the customer has been granted at least one courtesy adjustment, and (9) determining if the request is justified;

automatically rendering a decision on the request using the automated interface; and

presenting the customer with the decision with respect to the request, wherein the decision is one of the following;

granting an adjustment request, denying an adjustment request, and referring a request to an external system for further consideration.

2. The apparatus of claim 1, wherein the network interface is further operable to perform the function of:

maintaining an electronic site on the electronic network to which the customer may connect.

3. The apparatus of claim 2, wherein the network interface is further operable to perform the function of:

presenting at least a first electronic screen over the electronic network to the customer who has connected to the electronic site.

4. The apparatus of claim 1, wherein the automated interface is further operable to perform the functions of:

requesting at least a first customer information; and

validating the first customer information.

5. The apparatus of claim 4, wherein the first customer information includes at least the following:

a user name; and

a password.

6. The apparatus of claim 5, wherein the first customer information also includes at least the following:

name and address of the customer; and

date of service charge transaction.

7. The apparatus of claim 1, wherein, if the service charge is valid, including the step of denying said adjustment request.

8. A method of providing a customer with an opportunity to electronically request an adjustment to the customer'"'"'s account comprising the steps of:

(a) maintaining an electronic site on a network to which the customer may connect;

(b) presenting at least one electronic screen over the network to the customer who has connected to the electronic site, the one screen including a first input field for receiving a first command from the customer indicative of the request for an adjustment to the customer'"'"'s account, wherein the request for adjustment relates to a charge or fee posted against the customer'"'"'s account;

(c) electronically delivering the first command to an automated interface which converts a format of the first command to another format for allowing the automated interface to act on the request, wherein the automated interface performs at least the functions of;

(1) retrieving at least one business rule from a business rules database, and (2) applying the at least one business rule to arrive at a decision regarding the request, and wherein said automated interface performs each of the following;

(1) validating the existence of a service charge, (2) determining the cost-effectiveness of granting the request, (3) checking to see if the customer has a special status, (4) determining if a bank error has occurred, (5) checking to see if the customer is a high value customer, (6) rating the profitability of granting the request, (7) checking to see if the customer has made at least a predetermined number of previous requests, (8) ascertaining if the customer has been granted at least one courtesy adjustment, and (9) determining if the request is justified; and

(d) automatically rendering and presenting a decision concerning the request, wherein the decision is one of the following;

granting an adjustment request, denying an adjustment request, and referring a request to an external system for further consideration.

9. A method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account comprising the steps of:

receiving a request from the customer to make an adjustment to the account, wherein the request for adjustment relates to a charge or fee posted against the customer'"'"'s account;

delivering the request to an automated interface, wherein the automated interface performs at least the functions of;

(1) retrieving at least one business rule from a business rules database, and (2) applying the at least one business rule to arrive at a decision regarding the request, and wherein said automated interface is operable to perform each of the following;

(1) validating the existence of a service charge, (2) determining the cost-effectiveness of granting the request, (3) checking to see if the customer has a special status, (4) determining if a bank error has occurred, (5) checking to see if the customer is a high value customer, (6) rating the profitability of granting the request, (7) checking to see if the customer has made at least a predetermined number of previous requests, (8) ascertaining if the customer has been granted at least one courtesy adjustment, and (9) determining if the request is justified;

automatically rendering a decision on the request using the automated interface; and

presenting the customer with the decision with respect to the request, wherein the decision is one of the following;

granting an adjustment request, denying an adjustment request, and referring a request to an external system for further consideration.

10. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 further comprising the steps of:

maintaining an electronic site on a computer network to which the customer may connect.

11. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 10 further comprising the steps of:

presenting at least one electronic screen over the network to the customer who has connected to the electronic site, at least one screen including at least a first input field operable to receive the request from the customer.

12. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9, wherein the request is made across a computer network.

13. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 10 wherein the computer network is the Internet.

14. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the request is received by facsimile.

15. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the request is delivered by mail.

16. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the request is delivered by contact with a customer service representative.

17. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 16 wherein the contact is made over a communication network.

18. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 17 wherein the communication network is a telephone system.

19. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 17 wherein the communication network is the Internet.

20. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 16 wherein the contact is made directly in person with the customer service representative.

21. The method of providing a customer with an opportunity to request an adjustment to the customer account according to claim 9 wherein the automated interface converts a first format of the adjustment request to at least a second format for use within the automated interface.

22. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 10 wherein the electronic site is a website.

23. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 22 wherein the website is hosted in a shared operating environment.

24. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the automated interface establishes a record of the request.

25. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the automated interface initiates research to determine the validity of the request.

26. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the decision on the request is a refund.

27. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the decision on the request is a denial.

28. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the response to the request is a referral for further consideration.

29. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 28, wherein the referral for further consideration includes an estimate on when a final decision will be made.

30. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9 wherein the automated interface utilizes a predetermined rules algorithm to determine the response to the request.

31. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 30 wherein the predetermined rules algorithm includes sending the request for additional processing when predetermined criteria are met.

32. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 31, wherein the additional processing includes human intervention.

33. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9, wherein the automated interface automatically approves the request of a high value customer.

34. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9, wherein the automated interface checks the request for fraud using a fraud detecting algorithm.

35. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9, wherein the automated interface checks the request for employee misconduct.

36. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 9, wherein the automated interface checks the request for an excessive request history of the customer according to a predefined criteria.

37. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 26, wherein the refund is made automatically to the customer by electronically crediting the account.

38. A method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account comprising the steps of:

maintaining an electronic site on a computer network to which the customer may connect;

presenting at least one electronic screen over the network to the customer who has connected to the electronic site, the at least one screen including at least a first input field for receiving the adjustment request from the customer, wherein the adjustment request relates to a charge or fee posted against the customer'"'"'s account;

delivering said adjustment request to an automated interface, wherein the automated interface performs at least the functions of;

(1) retrieving at least one business rule from a business rules database, and (2) applying the at least one business rule to arrive at a decision regarding the request, and wherein said automated interface is operable to perform each of the following;

(1) validating the existence of a service charge, (2) determining the cost-effectiveness of granting the request, (3) checking to see if the customer has a special status, (4) determining if a bank error has occurred, (5) checking to see if the customer is a high value customer, (6) rating the profitability of granting the request, (7) checking to see if the customer has made at least a predetermined number of previous requests, (8) ascertaining if the customer has been granted at least one courtesy adjustment, and (9) determining if the request is justified;

automatically rendering a decision on the request using the automated interface; and

presenting said customer with the decision on said adjustment request, wherein the decision is one of the following;

granting an adjustment request, denying an adjustment request, and referring a request to an external system for further consideration.

39. The method of providing a customer with an opportunity to request an adjustment to the customer'"'"'s account according to claim 38, wherein the step of automatically rendering a decision on the request includes the following:

retrieving at least one business rule from a business rules database;

applying the at least one business rule to the request; and

arriving at the decision on the request.