Patent ID: 8346638
Filing Date: 2013-01-01
Classification: G06Q

Abstract:
1. A method for managing purchase transaction data as part of determining whether to chargeback a purchase transaction, comprising: receiving transaction data reflecting purchase transactions associated with one or more financial accounts; determining, by a computer system, an expected value of each purchase transaction as if a respective purchase transaction is charged-back to a respective merchant when the respective purchase transaction is associated with a financial account categorized as a high risk financial account having an outstanding balance due over a predetermined limit value, wherein the expected value is based on at least one value component comprising at least a fee value component, a probability of chargeback, and a cost incurred in processing a chargeback including, at least, a cost associated with an interest charge that is lost by charging back the respective purchase transaction to the respective merchant; indexing the expected value of each purchase transaction into a multi-dimensional matrix according to transaction data parameters of each purchase transaction, wherein determining the expected value further comprises determining the fee value component that may be recovered from the respective merchant as a result of charging back the transaction to the respective merchant; wherein the multi-dimensional matrix comprises a plurality of dimensions each corresponding to one of the transaction data parameters, and wherein the transaction data parameters comprise at least one of an account type, a transaction type, an amount of a respective purchase transaction, an amount of delinquency, and a collection status for any amount owed by a respective customer; selecting a subset of the purchase transactions represented in the multi-dimensional matrix for chargeback processing using the multi-dimensional matrix; prioritizing, by the computer system, the subset of the purchase transactions according to the indexed expected values of the subset of the purchase transactions; and processing the subset of the purchase transactions for chargeback to a respective merchant in order of the priority.