Systems and methods of ranking a plurality of credit card offers

• US 8,799,148 B2
• Filed: 08/30/2007
• Issued: 08/05/2014
• Est. Priority Date: 08/31/2006
• Status: Active Grant

• Current Assignee: CPL Assets LLC
• Original Assignee: Metareward, Inc. (Experian plc)
• Inventors: Chandran, Rohan K. K.
• Primary Examiner(s): Niquette, Robert
• Assistant Examiner(s): LIU, CHIA-YI
• Application Number:
  US11/848,138
• Publication Number:
  US 20080059352A1
• Time in Patent Office: 2,532 Days
• Field of Search: 705 35- 45
• US Class Current: 705/38
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/354 Card activation or deactivation
• CPC Class Codes: G06Q 30/0246 Traffic
• 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

Abstract

Prescreened credit card offers, such as offers for credit cards that a particular potential borrower is likely to be granted upon completion of a full application, are ranked based on expected values of respective prescreened offers. The expected value of a prescreened credit card offer may represent an expected monetary value to one or more referrers involved in providing the prescreened offer to the borrower. Thus, the referrer may present a highest ranked credit card offer to a potential borrower first in order to increase the likelihood that borrower applies for the credit card offer with the highest expected value to the referrer. Depending on the embodiment, the expected value of a credit card offer may be based on a combination of a bounty associated with the offer, a click-through-rate for the offer, and/or a conversion rate for the offer, for example.

Claims

1. A method of determining prescreened credit card offers, the method comprising:

receiving, by a ranking computing device, information regarding a borrower;

determining, by the ranking computing device, a plurality of prescreened credit card offers associated with the borrower;

receiving, from a third-party computing device operated by an entity controlling operations of a commercial website, entity-specific ranking criteria indicating one or more attributes for determining a ranking order of prescreened credit card offers presented to borrowers visiting the commercial website, the entity-specific ranking criteria including criteria for one or more attributes selected from the group comprising a bounty, a click-through rate or a conversion rate, wherein the entity-specific criteria are defined by a representative of the entity;

calculating, by the ranking computing device, a plurality of expected monetary values of respective prescreened credit card offers, wherein the expected monetary values are based on at least one of the bounty, the click-through rate or the conversion rate of the respective credit card offer as indicated in the entity-specific ranking criteria

ranking, by the ranking computing device, the plurality of prescreened credit card offers based on the calculated expected monetary values;

determining a plurality of future ranking values of respective prescreened credit card offers indicating probable future rankings of the respective prescreened credit card offers after at least one of the plurality of prescreened credit card offers is presented to one or more additional borrowers, wherein the future ranking values are based on at least trending data of the respective prescreened credit card offers;

adjusting the ranking based at least in part on the determined future ranking values of respective prescreened credit card offers; and

transmitting, by the ranking computing device, a data file to the third-party computing device, the data file comprising an identifier of a prescreened credit card offer in the plurality of prescreened credit card offers that is ranked highest by the adjusted ranking.

2. The method of claim 1, wherein the entity-specific ranking criteria further comprises a plurality of multipliers associated with respective attributes, wherein the multipliers indicates relative weightings of the respective attributes.

3. The method of claim 1, wherein the further comprise one or more of:

a historical click-through-rate, a historical conversion rate, a geographic location of the borrower, a modeled overall click propensity for the borrower, a time of day, a day of week, and a desired display rate.

4. The method of claim 1, wherein the data file further comprises identifiers of one or more prescreened credit card offers that are ranked lower than the highest ranked prescreened credit card offer.

5. The method of claim 1, wherein at least one of the plurality of prescreened credit card offers is presented to one or more additional borrowers within 1, 2, 4, 8, 12, or 24 hours from when the calculating is performed.

6. The method of claim 1, wherein the trending data comprises pre-calculated trending data of the respective prescreened credit card offers.

7. The method of claim 1, wherein the future ranking values are further based on presentation limits of the respective prescreened credit card offers.

8. A computing system for determining prescreened credit card offers, the system comprising:

a processor,

a computer readable medium storing machine-executable instructions including one or more modules configured for execution by the processor in order to cause the computing system to;

receive information regarding a borrower;

determine a plurality of prescreened credit card offers associated with the borrower;

receive, from a third-party computing device operated by an entity controlling operations of a commercial website, entity-specific ranking criteria indicating one or more attributes for determining a ranking order of prescreened credit card offers presented to borrowers visiting the commercial website, the entity-specific ranking criteria including criteria for one or more attributes selected from the group comprising a bounty, a click-through rate or a conversion rate, wherein the entity-specific criteria are defined by a representative of the entity;

calculate a plurality of expected monetary values of respective prescreened credit card offers, wherein the expected monetary values are based on a least one of the bounty, the click-through rate or the conversion rate of the respective credit card offer as indicated in the entity-specific ranking criteria;

rank the plurality of prescreened credit card offers based on the calculated expected monetary values;

determine a plurality of future ranking values of respective prescreened credit card offers indicating probable future rankings of the respective prescreened credit card offers after at least one of the plurality of prescreened credit card offers is presented to one or more additional borrowers, wherein the future ranking values are based on at least trending data of the respective prescreened credit card offers;

adjust the ranking based at least in part on the determined future ranking values of respective prescreened credit card offers;

transmit a data file to the third-party computing device the data file comprising an identifier of a prescreened credit card offer in the plurality of prescreened credit card offers that is ranked the highest by the adjusted ranking.

9. The system of claim 8, wherein the entity-specific ranking criteria further comprises a plurality of multipliers associated with respective attributes, wherein the multipliers indicate relative weightings of the respective attributes.

10. The system of claim 8 wherein the attributes further comprise one or more of a historical click-through-rate, a historical conversion rate, a geographic location of the borrower, a modeled overall click propensity for the borrower, a time of day, a day of week, and a desired display rate.

11. The system of claim 8, wherein the data file further comprises identifiers of one or more prescreened credit card offers that are ranked lower than the highest ranked prescreened credit card offer.

12. The system of claim 8, wherein at least one of the plurality of prescreened credit card offers is presented to one or more additional borrowers within 1, 2, 4, 8, 12, or 24 hours from when the calculating is performed.

13. The system of claim 8, wherein the trending data comprises pre-calculated trending data of the respective prescreened credit card offers.

14. The system of claim 8, wherein the future ranking values are further based on presentation limits of the respective prescreened credit card offers.