Method for minimizing overdraft charge-off

a charge-off and overdraft technology, applied in the field of processing banking transactions, can solve the problems of inability to precisely predict the probability of charge-off or cure, inability to accurately predict the probability of charge-off, and inability to accurately predict the probability of cure, etc., and achieve the effect of minimizing the charge-off of overdra
US20090327123A1Inactive Publication Date: 2009-12-31CARREKER CORORATION A DELAWARE
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Patent Information

Authority / Receiving Office
US · United States
Patent Type
Applications(United States)
Current Assignee / Owner
CARREKER CORORATION A DELAWARE
Publication Date
2009-12-31
Estimated Expiration
Not applicable · inactive patent

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Abstract

A method for minimizing overdraft charge-off in a bank account includes:(a) identifying a plurality of factors that can result in a bank account charge-off;(b) building a case history database of bank account holder information based upon a plurality of data elements associated with each of the plurality of factors;(c) creating numeric and / or categorical representations of the bank account holder information for each of the bank accounts in the case history database;(d) tabulating the numeric and / or categorical representations and the data elements for the bank accounts in the case history database;(e) combining certain ones of the numeric and / or categorical representations to separate the bank accounts in the case history database into a plurality of risk groups, each risk group having an associated probability of charge-off; and(f) optimizing, for each of the plurality of risk groups, a bank profit, by setting overdraft limits.
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Description

TECHNICAL FIELD OF THE INVENTION

[0001] The present invention relates to the processing of banking transactions, and more particularly to a method for minimizing overdraft charge-off.BACKGROUND OF THE INVENTION

[0002] When a bank customer attempts to make a check card purchase, withdraw funds from an ATM or make a teller withdrawal, their bank must determine whether the customer has sufficient balances to cover the item, and, if not, whether to authorize the purchase or withdrawal into an overdrawn position or decline the transaction. Similarly, when one or more bank customer checks (or other returnable items) are processed in the nightly posting batch run, the bank must determine whether to pay or return each item that, if posted, would overdraw the customer's account. Each day any given bank may make millions of such authorization / decline and pay / return decisions. Each day the banking community as a whole makes trillions of such decisions. From a customer service perspective, banks wo...

Claims

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