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:
Jul. 15, 2014
Filed:
Oct. 04, 2012
American Express Travel Related Services Company, Inc., New York, NY (US);
Kathleen Haggerty, Staten Island, NY (US);
Charles Christopher Lyon, Phoenix, AZ (US);
Robert E. Phelan, Mendham, NJ (US);
Jon Kevin Ruterman, Glendale, AZ (US);
Geraldine A. Turner, Sandy Hook, VA (US);
Chao M. Yuan, Montclair, NJ (US);
Arnab Biswas, Calcutta, IN;
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
Commercial size of spending wallet ('SoSW') is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet ('SoW') is the portion of the spending wallet that is captured by a particular financial company. Commercial SoW is a modeling approach that utilizes various data sources to provide outputs that describe a company's spend capacity. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new account evaluation, and customer management across the lifecycle. Company financial statements are utilized to identify and calculate total business spend of a company that could be transacted using a commercial credit card. A spend-like regression model may then be developed to estimate annual commercial SoSW value for customers and prospects within a credit network.