System and method for mitigating merchant debit balances
US8447686B1 · kind B1 · utility
1Cited by
3References
10Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Sep 22, 2004 |
| Grant date | May 21, 2013 |
| Priority date | — |
| Expiry date | May 3, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/405
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for collecting data about merchants or service establishments that accept credit cards or charge cards as payment for goods and services, segmenting the merchants into groups, generating risk scores for the merchants based upon each merchants' group and, based upon the risk scores, providing information to a card issuer to take remedial action for merchants that are at higher risk for entering into a debit balance.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.