System and method for classifying a financial transaction
OwnerDara S. Davis, Randy L. Hall +4inventors
InventorsDara S. Davis, Randy L. Hall, Frederick Martin, Linda R. McLeod, Diane M. Rezaii, William E. Taylor
Life of this patent
Estimating the term…
Abstract
A computer based system and method automatically classifies a financial transaction. The system and method establish a set of parameters associated with the financial transaction and classify the financial transaction as a function of the set of parameter.
Claims80
A computer based method for classifying a financial transaction for an item, including the steps of:
- establishing a country associated with the financial transaction;
- establishing a set of parameters associated with the financial transaction;
- and,
- classifying the financial transaction as a function of the country, the set of parameters, and a set of predetermined rules.
A computer based method for classifying a financial transaction for an item, including the steps of:
- establishing a set of parameters associated with the transaction, the set of parameters including a term having an end and being associated with the transaction, an economic life of the item, a payment amount and a frequency of payment, a value associated with the item at the end of the term, and a rate related to the transaction;
- and,
- classifying the transaction as a function of set of parameters.
A computer based system for classifying a transaction for an item, comprising:
- a database for storing a set of predetermined rules;
- a controller coupled to the database and being adapted to receive a country associated with the financial transaction and a set of parameters associated with the financial transaction and to classify the financial transaction as a function of the country, the set of parameters, and the set of predetermined rules.
A computer based system for classifying a financial transaction for an item, comprising:
- a database for storing a set of predetermined rules;
- and,
- a controller coupled to the database and being adapted to receive a set of parameters associated with the transaction, the set of parameters including a term having an end and being associated with the transaction, an economic life of the item, a payment amount and a frequency of payment, a value associated with the item at the end of the term, and a rate related to the transaction and to classify the transaction as a function of the set of parameters.
A computer program product for classifying a financial transaction for an item, comprising:
- computer readable program code means for establishing a country associated with the financial transaction;
- computer readable program code means for establishing a set of parameters associated with the financial transaction;
- and,
- computer readable program code means for classifying the financial transaction as a function of the country, the set of parameters, and a set of predetermined rules.
A computer program product for classifying a financial transaction for an item, comprising:
- computer readable program code means for establishing a set of parameters associated with the transaction, the set of parameters including a term having an end and being associated with the transaction, an economic life of the item, a payment amount and a frequency of payment, a value associated with the item at the end of the term, and a rate related to the transaction;
- and,
- computer readable program code means for classifying the transaction as a function of set of parameters.
Dependencies are inferred from the claim text.