Source: http://www.google.com/patents/US8195550?dq=patent:5512742
Timestamp: 2017-11-23 11:33:31
Document Index: 716057548

Matched Legal Cases: ['Application No. 60', 'Application No. 2006285253', 'Application No. 2006285253', 'Application No. 2006285253', 'Application No. 2006285253', 'Application No. 2006285253', 'Application No. 2008']

Patent US8195550 - Determining commercial share of wallet - Google Patents
Commercial size of spending wallet (“SoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“SoW”) is the portion of the spending wallet that is captured by a particular financial company. Commercial SoW is a modeling approach...http://www.google.com/patents/US8195550?utm_source=gb-gplus-sharePatent US8195550 - Determining commercial share of wallet
Publication number US8195550 B2
Application number US 13/302,921
Also published as US8086509, US8306890, US8781933, US20070067209, US20120066108, US20120221452, US20130036033, US20140316855
Publication number 13302921, 302921, US 8195550 B2, US 8195550B2, US-B2-8195550, US8195550 B2, US8195550B2
Patent Citations (30), Non-Patent Citations (70), Referenced by (4), Classifications (7), Legal Events (3)
US 8195550 B2
This application is a continuation of and claims priority to U.S. patent application Ser. No. 11/497,563, entitled, “DETERMINING COMMERCIAL SHARE OF WALLET,” filed Aug. 2, 2006, which is incorporated by reference herein in its entirety. The '563 application claims the benefit of U.S. Provisional Application No. 60/704,428, filed Aug. 2, 2005, which is incorporated by reference herein in its entirety. The '563 application also claims priority to and is a continuation-in-part of U.S. patent application Ser. No. 11/169,588, filed Jun. 30, 2005, which issued as U.S. Pat. No. 7,912,770 on Mar. 22, 2011. The '588 application is a continuation-in-part of U.S. patent application Ser. No. 10/978,298, filed Oct. 29, 2004, which issued as U.S. Pat. No. 7,788,147 on Aug. 31, 2010. All the above applications are incorporated by reference herein in their entirety.
In further embodiments, the population of current consumers is then subdivided into a plurality of further categories based on the amount of balance information available and the balance activity of such available data. In the example shown in the diagram 300, the amount of balance information available is represented by string of ‘+’ ‘0’ and ‘?’ characters. Each character represents one month of available data, with the rightmost character representing the most current months and the leftmost character representing the earliest month for which data is available. In the example provided in FIG. 3, a string of six characters is provided, representing the six most recent months of data for each category. The “+” character represents a month in which a credit account balance of the consumer has increased. The “0” character may represent months where the account balance is zero. The “?” character represents months for which balance data is unavailable. Also provided in the diagram is the number of consumers who fall in to each category and the percentage of the consumer population represent by that sample.
Insurance companies sell businesses a product called “key man insurance.”Basically, key man insurance is a life insurance policy on the key/crucial/critical people in a business. In a small business, this is usually the owner, the founder(s), or perhaps a key employee or two (all collectively referred to herein as key employee(s)). If something were to happen to these people, the business would most probably sink. With key man term life insurance, a company purchasing a life insurance policy on the key employee(s) pays the premiums. That company becomes the beneficiary of the policy. If the key employee(s) dies suddenly, the company receives the insurance payoff. In effect, the key man insurance helps the insured company to mitigate the adverse impact of losing the key employee(s). The company can use the insurance proceeds for expenses until it hires a replacement, or, if necessary, settle debts, distribute money to stakeholders, provide severance packages, and wind down the business in an orderly manner.
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Cooperative Classification G06Q40/08, G06Q30/0202, G06Q40/00
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