System, method, and computer program product for determining a dominant account profile of an account

US11704684B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Varun Verma · Newcastle, US
• Manish Awasthi · Singapore, SG
• Roan Joy Halili Cuares · Singapore, SG

Key dates

• Filing date: Jan 4, 2018
• Grant date: Jul 18, 2023
• Expiry date: May 10, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Provided is a computer-implemented method for determining a dominant account profile of an account. The method may include receiving transaction data associated with a plurality of payment transactions conducted within a predetermined time interval of activation of an account involved in the plurality of payment transactions, generating a dominant account profile classification model, determining a plurality of prediction scores for the account based on the dominant account profile classification model and the transaction data, where determining the plurality of prediction scores includes determining, for the user, a prediction score for each dominant account profile, where a prediction score includes a prediction of whether the user will conduct a threshold value of payment transactions using the account in one or more payment transaction categories of a plurality of payment transaction categories, and communicating data associated with the plurality of prediction scores.