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:
Nov. 30, 2010
Filed:
Apr. 19, 2005
Andrew Cox, London, GB;
Donna Dellosso, New York, NY (US);
Mark Cisz, Northport, NY (US);
Ela Bekker, Staten Island, NY (US);
Jean-christopher Chandumont, New York, NY (US);
Joseph Dafni, Hasting-on-Hudson, NY (US);
Andrew Cox, London, GB;
Donna Dellosso, New York, NY (US);
Mark Cisz, Northport, NY (US);
Ela Bekker, Staten Island, NY (US);
Jean-Christopher Chandumont, New York, NY (US);
Joseph Dafni, Hasting-on-Hudson, NY (US);
JP Morgan Chase Bank, New York, NY (US);
Abstract
A system and method for evaluating financial transactions, which may involve credit requests, is provided. Credit requests are categorized into three tiers: the third-tier is for requests capable of being processed by computers, the second-tier is for requests that meet predefined criteria and cannot be categorized as third-tier requests, and the first-tier is for requests that cannot be categorized as second-tier or third-tier requests. The first-tier requests are manually reviewed by a credit executive. The second-tier requests are delegated to more junior credit personnel via an inventive pre-approval procedure. The third-tier requests are processed, at least in part, by computers. Additionally, requests that exceed a credit line, or limit, may be approved by reallocating credit from other credit lines.