Method and apparatus for estimating the spend capacity of consumers
First Claim
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1. A method comprising:
- receiving, by a computer-based system programmed to estimate a purchasing ability of a consumer, tradeline data for a plurality of accounts of an individual consumer for a period of time that is prior to a current period of time;
identifying, by the computer-based system, any balance transfers into at least one of the plurality of accounts, based on the tradeline data;
discounting, by the computer-based system, any spending identified for any of the plurality of accounts for any portion of the previous period of time in which a balance transfer to such account is identified; and
determining, by the computer-based system, a purchasing ability of the individual consumer based on the tradeline data, said discounting and a model of consumer spending patterns derived from individual and aggregate consumer data including tradeline data, internal customer data and consumer panel data.
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Abstract
Time series consumer spending data, point-in-time balance information, internal customer financial data and consumer panel information provides input to a model for consumer spend behavior on plastic instruments or other financial accounts, from which approximations of spending ability may be reliably identified and utilized to promote additional consumer spending.
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Citations
9 Claims
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1. A method comprising:
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receiving, by a computer-based system programmed to estimate a purchasing ability of a consumer, tradeline data for a plurality of accounts of an individual consumer for a period of time that is prior to a current period of time; identifying, by the computer-based system, any balance transfers into at least one of the plurality of accounts, based on the tradeline data; discounting, by the computer-based system, any spending identified for any of the plurality of accounts for any portion of the previous period of time in which a balance transfer to such account is identified; and determining, by the computer-based system, a purchasing ability of the individual consumer based on the tradeline data, said discounting and a model of consumer spending patterns derived from individual and aggregate consumer data including tradeline data, internal customer data and consumer panel data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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Specification