Patent ID: 7729963
Filing Date: 2010-06-01
Classification: G06Q

Abstract:
1. A computer-assisted method for processing financial information of a client of a financial institution, said method comprising: receiving data from an electronic overdraft data source, said data including at least one overdraft occurrence associated with a transaction performed in association with said client; associating, via a computing system, said overdraft occurrence with an overdraft representative, wherein said overdraft representative is responsible for at least one of reviewing, researching and documenting the circumstances of said overdraft occurrence; analyzing, via the computing system, said overdraft occurrence to determine at least one circumstance surrounding a cause of said overdraft occurrence and a disposition for said overdraft occurrence in connection with said cause; identifying, via the computing system, at least one approval authority for said overdraft occurrence; generating, via the computing system, an overdraft report, wherein said overdraft report contains observations of said analyzing; notifying, via the computing system, at least one of a manager or the approval authority of the need to approve disposition of the overdraft occurrence; receiving a response by one of the manager or the approval authority to said overdraft report into said overdraft application; and determining, via the computing system, a chronic overdraft occurrence designation for said client in response to: (i) multiple overdraft occurrences occurring within the same predetermined time period, and (ii) a predetermined dollar amount associated with the multiple overdraft occurrences.