Methods and systems for adjusting account terms based on purchase transaction information
First Claim
1. A computer implemented method for providing anincentive directed toward retaining a customer associated with a first financial account, the method comprising:
- providing a financial account offer of the first financial account to the customer,the financial account offer having an account variable equal to a first account value;
receiving an acceptance of the financial account offer from the customer;
providing the first financial account to the customer with the account variable set equal to the first account value; and
monitoring, by a processor, the first financial account wherein each of a plurality of contiguous time periods has a corresponding number of purchase transactions associated with the first financial account, wherein the monitoring comprises;
determining a first number of purchase transactions corresponding to a current time period of the plurality of contiguous time periods;
resetting, by the processor, the account variable equal to a second account value when the first number of purchase transactions is less than a threshold value;
determining a second number of purchase transactions corresponding to a previous time period contiguous with the current time period after the determining of the first number of purchase transactions corresponding to the current time period; and
resetting, by the processor, the account variable equal to a third account value different from the second account value when the first number of purchase transactions is greater than the threshold value and the second number of purchase transactions is less than the threshold value;
wherein the account variable comprises at least one of a fee, a finance charge, and an interest rate; and
wherein the third account value is greater than the first account value and less than the second account value.
4 Assignments
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Accused Products
Abstract
Systems and methods are disclosed for providing a financial account. The disclosed systems and methods may include providing a financial account offer to a customer. The disclosed systems and methods may also include receiving an acceptance of the offer, providing the financial account, setting an account variable equal to a first account value, and monitoring the financial account. The monitoring may further comprise resetting the account variable equal to a second account value when a number of purchase transactions corresponding to a currently monitored time period are less than a threshold value. Furthermore, the account variable may be reset equal to a third account value when the number of purchase transactions corresponding to the currently monitored time period are greater than or equal to the threshold value and a number of purchase transactions corresponding to the previous time period were less than the threshold value.
10 Citations
18 Claims
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1. A computer implemented method for providing an
incentive directed toward retaining a customer associated with a first financial account, the method comprising: -
providing a financial account offer of the first financial account to the customer, the financial account offer having an account variable equal to a first account value; receiving an acceptance of the financial account offer from the customer; providing the first financial account to the customer with the account variable set equal to the first account value; and monitoring, by a processor, the first financial account wherein each of a plurality of contiguous time periods has a corresponding number of purchase transactions associated with the first financial account, wherein the monitoring comprises; determining a first number of purchase transactions corresponding to a current time period of the plurality of contiguous time periods; resetting, by the processor, the account variable equal to a second account value when the first number of purchase transactions is less than a threshold value; determining a second number of purchase transactions corresponding to a previous time period contiguous with the current time period after the determining of the first number of purchase transactions corresponding to the current time period; and resetting, by the processor, the account variable equal to a third account value different from the second account value when the first number of purchase transactions is greater than the threshold value and the second number of purchase transactions is less than the threshold value; wherein the account variable comprises at least one of a fee, a finance charge, and an interest rate; and wherein the third account value is greater than the first account value and less than the second account value. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system for providing an incentive directed toward
retaining a customer associated with a first financial account, the system comprising: -
a memory storage for maintaining a database; and a processing unit coupled to the memory storage, wherein the processing unit is operative to implement a process comprising; providing a financial account offer of the first financial account to the customer, the financial account offer having an account variable equal to a first account value; receiving an acceptance of the first financial account offer from the customer; providing the first financial account to the customer with the account variable set equal to the first account value; and monitoring the first financial account wherein each of a plurality of contiguous time periods has a corresponding number of purchase transactions associated with the first financial account, and wherein monitoring comprises; determining a first number of purchase transactions corresponding to a current time period of the plurality of contiguous time periods; resetting the account variable equal to a second account value when the first number of purchase transactions is less than a threshold value; determining a second number of purchase transactions corresponding to a previous time period contiguous with the current time period after the determining of the first number of purchase transactions corresponding to the current time period; and resetting the account variable equal to a third account value different from the second account value when the first number of purchase transactions is greater than the threshold value and the second number of purchase transactions is less than the threshold value; wherein the account variable comprises at least one of a fee, a finance charge, and an interest rate; and wherein the third account value is greater than the first account value and less than the second account value. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A non-transitory computer-readable medium which stores a set of instructions which, when executed by a processor, performs a method for providing an incentive directed toward retaining a customer associated with a first financial account, the method comprising:
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providing a financial account offer of the first financial account to the customer, the financial account offer having an account variable equal to a first account value; receiving an acceptance of the first financial account offer from the customer; providing the first financial account to the customer with the account variable set equal to the first account value; and monitoring the first financial account wherein each of the plurality of contiguous time periods has a corresponding number of purchase transactions associated with the first financial account, wherein monitoring comprises; determining a first number of purchase transactions corresponding to a current time period of the plurality of contiguous time periods; resetting the account variable equal to a second account value when the first number of purchase transactions is less than a threshold value; determining a second number of purchase transactions corresponding to a previous time period relative to the current time period; and resetting the account variable equal to a third account value different from the second account value when the first number of purchase transactions is greater than the threshold value and the second number of purchase transactions is less than the threshold value; wherein the account variable comprises at least one of a fee, a finance charge, and an interest rate; and wherein the third account value is greater than the first account value and less than the second account value. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification