Patent ID: 7314166
Filing Date: 2008-01-01
Classification: G06Q

Abstract:
1. A computer implemented method for determining a first transaction limit on a transaction account having an established second transaction limit, said method including: retrieving transaction information for an existing account holder; retrieving said first transaction limit for said existing account holder, wherein said first transaction limit is imposed by said existing account holder and is a further limitation upon said second transaction limit, wherein said second transaction limit is imposed by an account issuer and is based upon credit history and payment history; analyzing maximum spend data and negative history data relating to said first transaction limit over a defined period of time, wherein said negative history data includes a number of cycles where said first transaction limit was exceeded, and an average sum of transactions exceeding said first transaction limit; determining, based on said maximum spend and said negative history data, a recommendation for said existing account holder to decide whether to send an instruction to said account issuer to increase said first transaction limit in order to minimize authorization declines based on said first transaction limit associated with said transaction account; sending said recommendation to said existing account holder; receiving said instruction from said existing account holder to increase said first transaction limit in order to minimize authorization declines based on said first transaction limit associated with said transaction account; and, increasing said first transaction limit to reduce said negative history data relating to said first transaction limit.