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:
Jan. 01, 2008
Filed:
Apr. 01, 2005
Gordon Emory Anderson, Forest Hills, NY (US);
Catherine J. Campanaro, Glendale, AZ (US);
William Gaines Coomer, Phoenix, AZ (US);
Michael Gregory James, Phoenix, AZ (US);
Aniruddha V. Khandekar, Scottsdale, AZ (US);
Sangarsh Nigam, Jersey City, NJ (US);
Gary West, Greensboro, NC (US);
Gordon Emory Anderson, Forest Hills, NY (US);
Catherine J. Campanaro, Glendale, AZ (US);
William Gaines Coomer, Phoenix, AZ (US);
Michael Gregory James, Phoenix, AZ (US);
Aniruddha V. Khandekar, Scottsdale, AZ (US);
Sangarsh Nigam, Jersey City, NJ (US);
Gary West, Greensboro, NC (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
The invention facilitates the compilation of client-imposed charge or credit limit reports based on declined purchase and/or payment transactions. The invention provides a system and method by which an account manager for a financial institution and/or a client program administrator company may perform analysis of spending patterns for cardmembers in order to determine an optimal client-imposed credit limit in order to reduce the occurrences of declined charge or credit transactions. An account manager for a financial institution and/or a client program administrator may use the limits report to persuade a cardmember to increase the client-imposed credit limit to a recommended level, thereby reducing the cardmember's inconvenience cased by declined purchase transactions while recapturing lost revenues by the card issuer also resulting from declined purchase transactions.