The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 05, 2006
Filed:
Feb. 09, 2005
Gordon Emory Anderson, Forest Hills, NY (US);
Catherine J. Campanaro, Glendale, AZ (US);
David S. Connelly, Gilbert, AZ (US);
Sanjay Madaan, Glendale, AZ (US);
Kevin L. Moore, Phoenix, AZ (US);
Sangarsh Nigam, Jersey City, NJ (US);
Yulona Sue Wong, Phoenix, AZ (US);
Gordon Emory Anderson, Forest Hills, NY (US);
Catherine J. Campanaro, Glendale, AZ (US);
David S. Connelly, Gilbert, AZ (US);
Sanjay Madaan, Glendale, AZ (US);
Kevin L. Moore, Phoenix, AZ (US);
Sangarsh Nigam, Jersey City, NJ (US);
Yulona Sue Wong, Phoenix, AZ (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
The invention facilitates the computation of expected approval rates based on historic transaction data relating to transaction classes, approved transactions and declined transactions. The invention provides a system and method by which a program administrator for a company may model varying client-imposed limit scenarios in order to determine one or more optimal monthly and/or transactional spending limits. Further, the present invention provides a means for setting varying monthly and/or transaction spending limits for purchases from any number of industries. Providing card members with information regarding optimal spending limits reduces the occurrences of declined credit transactions. A program administrator may also utilize the present invention to provide any number of limit scenarios in order to persuade a card member to increase their client-imposed credit limit to an optimal level thereby reducing the card member's inconvenience caused by declined purchase transactions while recapturing lost revenues by the card issuer.