Systems and methods to identify payment accounts having business spending activities
First Claim
1. A tangible computer-storage medium storing instructions configured to instruct a computing apparatus to:
- process payment transactions for a plurality of accounts;
store transaction data recording the payment transactions for the plurality of accounts;
compute a score for each respective account of the accounts based on the transaction data, wherein a probability of the respective account being actually used for business purposes is a logistic function of the score; and
provide the score to an issuer of the respective account to determine whether to provide an offer to a user of the respective account.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods are provided to generate tools to evaluate the probability of an account being actually used by a business rather than an individual. In one aspect, a computing apparatus includes: a data warehouse configured to store transaction data of accounts issued by a plurality of issuers; and at least one processor configured to calculate values of a first plurality of variables for each of the accounts using the transaction data of the accounts issued by the plurality of issuers. The accounts include business accounts and non-business accounts. The at least one processor is further configured to identify a second plurality of variables from the first plurality of variables for a classification model to distinguish, using the values and logistic regression, the business accounts from the non-business accounts.
-
Citations
9 Claims
-
1. A tangible computer-storage medium storing instructions configured to instruct a computing apparatus to:
-
process payment transactions for a plurality of accounts; store transaction data recording the payment transactions for the plurality of accounts; compute a score for each respective account of the accounts based on the transaction data, wherein a probability of the respective account being actually used for business purposes is a logistic function of the score; and provide the score to an issuer of the respective account to determine whether to provide an offer to a user of the respective account. - View Dependent Claims (2, 3, 4, 5, 6)
-
-
7. A computing apparatus, comprising:
-
a data warehouse configured to store first transaction data recording payment transactions processed for a plurality of accounts; a memory storing model data derived from second transaction data of accounts issued by a plurality of issuers; and at least one processor coupled with the memory and the data warehouse and configured to compute a score for each respective account of the plurality of accounts using the first transaction data and the model data, wherein the model data is configured to provide a predicted probability of the respective account being actually used by a business entity as a logistic function of the score. - View Dependent Claims (8, 9)
-
Specification