System and method for assigning a line of credit to a credit card account
US8600869B1 · kind B1 · utility
5Cited by
8References
20Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Aug 31, 1999 |
| Grant date | Dec 3, 2013 |
| Priority date | — |
| Expiry date | Nov 1, 2020 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system assigns a credit limit to an account for a credit card of a card holder based on whether the card holder poses an acceptable risk. The system activates an account for the credit card, assigns an initial credit limit well below a tolerance level to the account, develops credit history data based on account activity during predetermined short intervals of time, evaluates the credit history data after each of the predetermined short time intervals, and determines whether to increase the credit limit of the account based on the evaluated credit history.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.