US 2014/0279473 A1 · SYSTEM AND METHOD FOR AUCTIONING A FIRST-IN-WALLET PAYMENT ACCOUNT STATUS

Abstract

A system and method in accordance with exemplary embodiments may include systems and methods for providing first-in-wallet payment account auctioning. In an exemplary embodiment, a method for providing first-in-wallet payment account auctioning includes, receiving, via a network, consumer preference data, current consumer financial situation data associated with a plurality of payment accounts, and account terms associated with each of the plurality of payment accounts; scoring each of the plurality of payment accounts based on the consumer preference data, the current consumer financial situation data, and the account terms and determining an optimal payment account to be the first-in-wallet account out of the plurality of payment accounts based on the scoring.

Claims20

Dependent claims

A first-in-wallet payment account auctioning system, the system comprising:

at least one processor comprising:
an input/output device, the input/output device having an interface;
a consumer module that receives, via the input/output device, consumer preference data and current consumer financial situation data associated with a plurality of payment accounts;
an account module that receives, via the input/output device, account terms associated with the plurality of payment accounts;
and
an auctioning module configured to calculate on the at least one processor a score for each of the payment accounts in the plurality of payment accounts and determine one payment account out of the plurality of payment accounts as the optimal payment account based on at least the calculated scores.

3 more elements

A first-in-wallet payment account auctioning method comprising:

receiving, via an input/output device that includes an interface, consumer preference data;
receiving, via the input/output device, current consumer financial situation data associated with a plurality of payment accounts;
receiving, via the input/output device, account terms associated with each of the plurality of payment accounts;
calculating, on at least on processor, a score for each of the plurality of payment accounts, wherein the score is based on the consumer preference data, the current consumer financial situation data, and the account terms;
determining, on the at least one processor, one optimal payment account out of the plurality of payment accounts based on the calculated scores;
and
transmitting, via the input/output device and interface, the optimal payment account.

4 more elements

Dependencies are inferred from the claim text.

System and method for auctioning a first-in-wallet payment account status

Life of this patent

System and method for auctioning a first-in-wallet payment account status

Life of this patent

Abstract

Claims20