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Estimating the spend capacity of consumer households

  • US 9,754,271 B2
  • Filed: 02/18/2013
  • Issued: 09/05/2017
  • Est. Priority Date: 10/29/2004
  • Status: Active Grant
First Claim
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1. A method comprising:

  • extracting, by a computer-based system and using a first application programming interface (API) having continuous access, current spending data for a consumer from a transaction processing system internet website that processed the spending data for the consumer;

    extracting, by the computer-based system and using a second API having continuous access, current consumer panel data from consumer research companies'"'"' internet websites;

    extracting, by the computer-based system and using a third API having continuous access, current consumer tradeline data from consumer credit companies'"'"' internet websites,wherein the extracting steps provide continuous access to the current spending data, the current consumer panel data, and the current consumer tradeline data;

    modeling, by the computer-based system, consumer behavior and attributes including the consumer panel data and the consumer tradeline data, by using time series tradeline data and raw tradeline data;

    enhancing, by the computer-based system, validation and refinement of an accuracy of the modeling via the continuous access to the current spending data, the current consumer panel data and the current consumer tradeline data;

    verifying, by the computer-based system and periodically on an ongoing basis, an applicability of the modeling to the consumer;

    determining, by the computer-based system and based on the modeling, a plurality of tradelines using point in time balance information;

    associating, by the computer-based system, the plurality of tradelines with a household of the consumer;

    removing, by the computer-based system, tradelines associated with a supplemental consumer in the plurality of tradelines from consideration in calculating a household size of wallet of the consumer, to create a subset of tradelines; and

    calculating, by the computer-based system, the household size of wallet based on the subset of tradelines.

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