Invention Grant
- Patent Title: Automatic classification of credit card customers
- Patent Title (中): 自动分类信用卡客户
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Application No.: US11451542Application Date: 2006-06-13
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Publication No.: US07690564B2Publication Date: 2010-04-06
- Inventor: Rajendra R. Rane , David Juang , Eduardo J. Alvarez , Iwao Fusillo
- Applicant: Rajendra R. Rane , David Juang , Eduardo J. Alvarez , Iwao Fusillo
- Applicant Address: US NY New York
- Assignee: American Express Travel Related Services Company, Inc.
- Current Assignee: American Express Travel Related Services Company, Inc.
- Current Assignee Address: US NY New York
- Agency: Snell & Wilmer L.L.P.
- Main IPC: G06K5/00
- IPC: G06K5/00

Abstract:
According to embodiments of the present invention there is provided a computer-based method and a computer program product for automatically sorting customers who make purchases from merchants using a credit card. The computer-based method includes the following steps. An adjusted index is calculated for a customer based on an amount of money the customer spent across merchants during a time period. The adjusted index is compared to a cut-off value. The customer is classified based on the comparison of the adjusted index to the cut-off value. In an embodiment, the method also includes re-classifying the customer based on at least one of (i) information about the merchants, or (ii) a number of transactions in a predetermined industry.
Public/Granted literature
- US20070288299A1 Automatic classification of credit card customers Public/Granted day:2007-12-13
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