Patent ID: 8533084
Filing Date: 2013-09-10
Classification: G06Q

Abstract:
1. A computer implemented method to set an overdraft service limit offered by a financial institution to a customer, the method comprising the steps of: receiving an identification of the customer input through an input/output display interface; retrieving by a processor a numerical credit rating score of the customer; determining by the processor if the numerical credit rating score of the customer is at or above a designated numerical cut-off value; inserting by the processor the numerical credit rating score of the customer into a matrix; obtaining by the processor a check verification report of the customer, the check verification report including a results code; reviewing by the processor the results code of the check verification report of the customer; entering by the processor the results code of the check verification report of the customer into the matrix; formulating by the processor a risk profile of the customer using the matrix, wherein the risk profile is based on whether or not the numerical credit rating score of the customer is at or above the designated numerical cut-off value and the results code of the check verification report of the customer; and establishing by the processor an overdraft service limit to be offered to the customer, wherein said establishing step includes using the risk profile of the customer to establish the overdraft service limit.