System for automated origination of capital client engagement based on default probability derived from point-of-sale data

US11107159B2 · kind B2 · utility

Assignee

• Toast, Inc. · US

Inventors

• Alexander H. Hails · Brookline, US
• Clement Masson · Brookline, US
• Benjamin Gordon · Anaheim, US

Key dates

• Filing date: May 8, 2019
• Grant date: Aug 31, 2021
• Expiry date: May 8, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0202
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for automated origination of capital client engagement is provided. The system includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to perform a binary logistic regression on subscriber data and metrics derived from historical POS data corresponding to subscribers of a point-of-sale (POS) subscription service to generate logistic regression coefficients that are used to calculate probability of default (PD) values for each of the subscribers, and configured to employ new subscriber data and metrics to generate updated PD values for the each of the subscribers. The revenue forecaster is coupled to the rate processor and is configured to employ the historical POS data to predict future POS data for establishments corresponding to the each of the subscribers, and to employ the future POS data to generate predicted total revenues corresponding to the each of the subscribers over a payback period, and configured to employ new POS data to generate updated predicted total revenues corresponding to the each of the subscribers. The offer processor is configured to compare the updated predicted total revenues with the predicted to…