Patent ID: 8805730

Claim:
A system for monitoring trigger data quality associated with one or more accounts of a financial institution, the system comprising: a computer apparatus including a processor and a memory; and a trigger software module stored in the memory, comprising executable instructions that when executed by the processor cause the processor to: receive account data associated with the one or more accounts; store the account data in a storage device; segregate the account data into one or more periods of time; identify inbound transactions that regularly occur during the one or more periods of time, each period of time comprising a minimum and maximum number of days between the occurrence of the inbound transactions; increase the length of each of the one or more periods of time by an additional number of days that is proportional to the length of each of the one or more periods of time; identify triggers associated with the one or more periods of time based on the inbound transactions that occur during the one or more periods of time; calculate a total transaction count for each of the triggers; determine control limits based on the transaction count for each of the triggers; calculate a lower control limit as the difference of the trimmed mean of the transaction count and the standard deviation of the transaction count; calculate an upper control limit as the sum of the trimmed mean of the transaction count and the standard deviation of the transaction count; and detect outliers based on the lower control limit and the upper control limit.