System and method for managing related accounts
AssigneeCapital One Financial Corporation
InventorsJeremy Keith Rabson, Scott David Grimes
Life of this patent
Estimating the term…
Abstract
The present application relates to a system and method for managing a plurality of accounts. A plurality of accounts is provided, with each account being associated with a customer. Account activity information associated with at least one action regarding one of the plurality of accounts is received at a first predetermined frequency. The received account activity information is analyzed, and at least one term of another account amongst the plurality of accounts is modified based upon a result of the analysis at a second predetermined frequency.
Claims27
A method for managing a plurality of existing accounts, comprising:
- providing, on at least one processor, a plurality of related accounts each associated with a same customer, the plurality of related accounts including a first existing account and a second existing account that are both associated with the same customer;
- receiving, at the institution system via a network, account activity information associated with at least one action regarding the first account of the customer at a first predetermined frequency;
- analyzing, on the at least one processor, the received account activity information and the first predetermined frequency;
- and
- modifying a least one term of the second account of the customer based upon a result of the analysis at a second predetermined frequency, wherein the second predetermined frequency is based on the analysis of the received account activity information and the first predetermined frequency,
- wherein the at least one term includes one of annual fees, access fees, transaction fees, late fees, maintenance fees, commission fees, or inactivity fees associated with the second account.
Dependencies are inferred from the claim text.