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Overdraft threshold analysis and decisioning

  • US 8,061,592 B1
  • Filed: 11/09/2009
  • Issued: 11/22/2011
  • Est. Priority Date: 11/09/2009
  • Status: Active Grant
First Claim
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1. A system for processing a banking transaction, the system comprising:

  • an electronic payment network;

    a database for storing an account;

    a processor; and

    a storage device in communication with the processor and storing instructions adapted to be executed by the processor to;

    receive a request for an amount of funds from the account for a debit card transaction via the payment network;

    determine if the requested fund amount exceeds an available fund amount in the account;

    determine if the requested fund amount for the debit card transaction is less than a threshold fund amount; and

    waive an overdraft fee when the requested fund amount is less than the threshold fund amount and the requested fund amount exceeds the available fund amount.

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