Determinations relating to resource distribution

• US 8,095,460 B2
• Filed: 05/21/2010
• Issued: 01/10/2012
• Est. Priority Date: 04/25/2007
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Ghosh, Debashis, Shao, Yanghong, Allison, Thayer S. Jr., Newman, Kurt D., Joa, David, Halsted, Marc Douglas
• Primary Examiner(s): Kalinowski, Alexander
• Assistant Examiner(s): Vyas, Abhishek
• Application Number:
  US12/785,172
• Publication Number:
  US 20100235271A1
• Time in Patent Office: 599 Days
• Field of Search: 705/38
• US Class Current: 705/38
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Systems and methods that may determine whether to provide a resource to a consumer are disclosed. Further methods may allow distributing resources on an expedited basis or recheck previous determinations to provide a resource. In certain embodiment, resource transactions may be categorized. Illustrative categories may be organized by: investment, a non-investment expenditure, or income. In one embodiment, transactions categorized as non-investment expenditures may be categorized into subcategories, including necessities, discretionary, or debt. Calculations may be performed upon the categorized (and/or sub-categorized data). For example, one or more of the following ratios may be calculated: debt-to-income, investment-to-income, and expenditure-to-income. Ratios may be compared to one or more threshold values. Determinations of the threshold may consider information regarding other individuals'"'"' or business'"'"' resource transactions.

Claims

1. A non-transitory computer-readable medium having computer-executable instructions that when executed by a processor configure a system to perform:

categorizing each of a plurality of resource transactions conducted during a first time period for a first user into a category selected from a plurality of categories, the plurality of categories comprising at least;

investment, non-investment expenditure, and income;

further sub-categorizing non-investment expenditure transactions into a sub-category selected from a plurality of sub-categories, wherein at least one sub-category includes debt transactions;

determining at least one ratio of the categorized and sub-categorized resource transactions selected from the group consisting of;

debt-to-income, investment-to-income, expenditure-to-income, and combinations thereof; and

comparing at least one ratio of the resource transactions of the first user with at least one threshold value of the at least one ratio to determine whether to provide a resource to the first user, wherein the calculation of the threshold comprises;

for each of a plurality of individuals, calculating the at least one ratio of the categorized resource transactions that was calculated for the resource transactions of the first user, wherein the ratio is calculated from categorized resource transactions conducted over a second time period using at least the same categories as the resource transactions of the first user; and

determining the threshold for the at least one ratio such that at least a portion of the plurality of individuals have a calculated ratio below the threshold.

2. The computer-readable medium of claim 1, wherein the at least one ratio comprises a plurality of ratios selected from the group consisting of:

debt-to-income ratio, investment-to-income ratio, expenditure-to-income ratio, and combinations thereof.

3. The computer-readable medium of claim 2, wherein the determination of at least one threshold of a ratio assigns a percentage of at least one calculated ratios of the plurality of individuals below the threshold.

4. The computer-readable medium of claim 2, wherein the sub-categorizing of non-investment expenditures further comprises the subcategories selected from the group consisting of:

necessities, discretionary, debt and combinations thereof.

5. The computer-readable medium of claim 1, wherein the at least one ratio comprises the debt-to-income ratio.

6. The computer-readable medium of claim 5, wherein based upon whether the debt-to-income ratio of the first user meets a threshold, determining whether to compare a second ratio of the first user to a threshold, wherein the second ratio is selected from the group consisting of:

investments-to-income ratio, expenditure-to-income ratio, and combinations thereof.

7. The computer-readable medium of claim 1, wherein the at least one ratio comprises a plurality of ratios, wherein the plurality of ratios are combined to form a master ratio wherein the plurality of ratios are selected from the group consisting of:

debt-to-income ratio, investment-to-income ratio, expenditure-to-income ratio, and combinations thereof.

8. The computer-readable medium of claim 3, wherein the first time period is substantially the same as the second time period.

9. The computer-readable medium of claim 1, wherein the first user is one of the plurality of individuals.

10. The computer-readable medium of claim 1, wherein the resource comprises a credit program and the plurality of individuals are selected from the group consisting of:

individuals extended the same credit program, accounts not extended the same credit program, and accounts withdrawn from consideration of the credit program before the credit program was extended or not extended to the individuals, and combinations thereof.

11. The computer-readable medium of claim 2, further comprising:

receiving a plurality of resource transactions from at least two different user accounts at a first device, wherein the reception of at least a portion of the received plurality of resource transactions is based upon having a first entity identifier.

12. The computer-readable medium of claim 2, wherein the process to determine whether to provide a resource to the first user further comprises:

adjusting the threshold relating to a ratio based upon an external attribute.

13. A non-transitory computer-readable medium having computer-executable instructions that when executed by a processor configure a system to perform:

receiving a plurality of categorized electronic resource transactions conducted by a first user during a first time period, the electronic resource transactions being categorized into a plurality of categories comprising at least;

investment, non-investment expenditure, and income categories;

sub-categorizing at least a portion of the non-investment expenditure transactions into one of a plurality of subcategories comprising;

necessities, discretionary, and debt;

determining at least one ratio of the categorized and sub-categorized electronic resource transactions selected from the group consisting of;

debt-to-income, investment-to-income, expenditure-to-income, and combinations thereof;

comparing at least one ratio of the resource transactions of the first user with at least one threshold value of the at least one ratio to determine whether to provide a resource to the first user, wherein the calculation of the threshold comprises;

categorizing a plurality of resource transactions conducted by a plurality of individuals during a second time period into one of the same categories as the resource transactions of the first user;

for each of a plurality of individuals, calculating the at least one ratio of the categorized resource transactions that was calculated for the resource transactions of the first user; and

determining the threshold such that at least a portion of the plurality of individuals have a calculated ratio below the threshold.

14. The computer-readable medium of claim 13, wherein each of the ratios of:

debt to income, investments to income, and expenditure to income are calculated.

15. The computer-readable medium of claim 13, further comprising

determining not to provide a resource to the first user if at least one ratio of the first user is below the calculated threshold for that at least one ratio is not met.

16. The computer-readable medium of claim 15, further comprising:

determining not to provide a resource to the first user if at least one ratio of the first user is below the calculated threshold for that at least one ratio is not met.

17. The computer-readable medium of claim 15, further comprising

determining not to provide a resource to the first user if all of the ratios of the first user are below the calculated threshold for ratios is not met.

18. The computer-readable medium of claim 14, wherein the first user is one of the plurality of individuals.

19. The computer-readable medium of claim 14, wherein the resource comprises a credit program and the plurality of individuals are selected from the group consisting of:

individuals extended the same credit program, accounts not extended the same credit program, and accounts withdrawn from consideration of the credit program before the credit program was extended or not extended to the individuals, and combinations thereof.

20. A system comprising:

a server comprising a transaction categorizer configured to be in operative communication with a communication link to receive information relating to a plurality resource transactions conducted by a first user during a first time period, the transaction categorizer further being configured to categorize the plurality of resource transactions into plurality of categories comprising at least;

an investment, a non-investment expenditure, and income;

the transaction categorizer further configured to categorize at least a portion of the non-investment expenditure transactions into one of a plurality of subcategories, at least a portion of the sub-categories being organized by;

necessities, discretionary, and debt;

a non-transitory computer-readable medium comprising computer-executable instructions that when executed by a processor is configured to perform;

determining at least one ratio of the categorized and sub-categorized electronic resource transactions selected from the group consisting of;

debt to income, investments to income, expenditure to income, and combinations thereof;

comparing at least one ratio of the resource transactions of the first user with at least one threshold value to determine whether to provide a resource to the first user, wherein the calculation of the threshold comprises;

categorizing a plurality of resource transactions of a plurality of individuals over a second time period into at least the same categories as the resource transactions of the first user;

for each of the plurality of individuals, calculating the at least one ratio of the categorized resource transactions that was calculated for the resource transactions of the first user; and

determining the threshold with a threshold determination module such that at least a portion of the plurality of individuals have a calculated ratio below the threshold.