Systems and methods to identify payment accounts having business spending activities

US8554653B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Nathan Kona Falkenborg · Singapore, SG
• Guangyu Wang · Munich, DE

Key dates

• Filing date: Jul 21, 2011
• Grant date: Oct 8, 2013
• Expiry date: Jul 21, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0255
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are provided to generate tools to evaluate the probability of an account being actually used by a business rather than an individual. In one aspect, a computing apparatus includes: a data warehouse configured to store transaction data of accounts issued by a plurality of issuers; and at least one processor configured to calculate values of a first plurality of variables for each of the accounts using the transaction data of the accounts issued by the plurality of issuers. The accounts include business accounts and non-business accounts. The at least one processor is further configured to identify a second plurality of variables from the first plurality of variables for a classification model to distinguish, using the values and logistic regression, the business accounts from the non-business accounts.