Patent ID: 6119103
Filing Date: 2000-09-12
Classification: G06Q,G07F

Abstract:
A computer-implemented method for predicting financial risk, the computer-implemented method comprising:receiving transaction data pertaining to a plurality of transactions for a credit account, said transaction data including at least one of a transaction type and a transaction amount for each transaction of said plurality of transactions;scoring said transaction data, wherein scoring said transaction data includes scoring a transaction pattern ascertained from said transaction data based on a preexisting model to form a score for said credit account, the transaction pattern being indicative of a pattern associated with the plurality of transactions for the credit account, said transaction pattern being arranged to include events that impact the financial risk;determining when said score is below a predefined financial risk; andtransmitting said score to an account issuer of said credit account when it is determined that said score is below the predefined financial risk.