System for ranking card reissue transactions

US6651884B2 · kind B2 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Jim Prendergast · Omaha, US
• Michelle Buggs · Omaha, US
• John D. Coleman · Maiden, US
• Rebecca Goodman · Omaha, US
• Sharon Hogan · Omaha, US

Key dates

• Filing date: Mar 26, 2002
• Grant date: Nov 25, 2003
• Expiry date: Mar 26, 2022

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/025
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method for selectively processing information to reissue cards to cardholders. The method includes assigning scores to cardholder accounts. Thereafter, the cardholder accounts are evaluated to determine eligibility for reissue. The method further includes the step of classifying into one or more groups, those cardholder accounts found eligible for reissue, wherein a first one of the groups contain cardholder accounts with a first set of scores, and a second one of the groups contain cardholder accounts with a second set of scores. Thereafter, the first group with the first set of scores is processed before the second group with the second set of scores.