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System and method for matching customers to financial products, services, and incentives based on bank account transaction activity

  • US 7,954,698 B1
  • Filed: 09/27/2007
  • Issued: 06/07/2011
  • Est. Priority Date: 06/02/2004
  • Status: Expired due to Fees
First Claim
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1. A method for matching a customer having at least one financial transaction account at a financial institution to a financial product, the method comprising:

  • (a) measuring a historical flow of cash transactions in at least one of the financial transaction accounts at the financial institution to generate one or more cash transactions datasets for the customer, the historical flow of cash transactions comprising deposits and withdrawals, wherein the one or more cash transactions datasets for the customer are generated by classifying the deposits and withdrawals into the one or more cash transactions datasets comprising fixed deposits, variable deposits, fixed withdrawals, and variable withdrawals;

    (b) using the customer cash transaction datasets to forecast one or more financial substitution factors for the customer; and

    (c) using at least one of the forecasted financial substitution factors to match the customer with the financial product or to an incentive linked to the financial product.

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