# US 8,788,413 B2 · System and method for managing related accounts

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- Number: US 8,788,413 B2
- Document ID: US8788413B2
- Status: Granted
- Kind: B2
- Application number: 12/248,736
- Filed: 2008-10-09
- Published: 2009-02-19
- Granted: 2014-07-22
- Earliest claimed: 2005-05-05
- Assignees: Capital One Financial Corporation
- Applicants: Jeremy Keith Rabson; Scott David Grimes
- Inventors: Jeremy Keith Rabson; Scott David Grimes
- Web page: https://patentgrep.com/patent/US8788413B2

## CPC

- G06Q 40/00: Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q 30/0215: {Including financial accounts}
- G06Q 40/02: Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03)
- G06Q 40/12: Accounting
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## 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.

## Claims

### Claim 1

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.

### Claim 2 (depends on 1)

The method of claim 1, wherein each account of the plurality of accounts is one of a credit account, a savings account, a checking account, an incentive reward account, a mortgage account, a brokerage account, a stored value account, a security access account, a medical account, a transportation account, an academic account, or a home equity line of credit account.

### Claim 3 (depends on 1)

The method of claim 1, wherein the account activity information includes at least one of a change in a balance, a change in a quantity of a debt, a quantity of a cash advance transaction, a location of the action, a date of the action, a time of the action, or a type of the action.

### Claim 4 (depends on 3)

The method of claim 3, wherein the analyzing includes analyzing a rate of change of the balance.

### Claim 5 (depends on 4)

The method of claim 4, wherein the analyzing includes analyzing a deviation of the rate of change of the balance from one of an average rate of change of the balance or a median rate of change of the balance.

### Claim 6 (depends on 3)

The method of claim 3, wherein the analyzing includes analyzing a deviation in a quantity of the balance with respect to one of an average balance or a median balance.

### Claim 7 (depends on 3)

The method of claim 3, wherein the analyzing includes analyzing a frequency of actions.

### Claim 8 (depends on 7)

The method of claim 7, wherein the analyzing includes analyzing a deviation of the frequency of actions from one of an average frequency of actions or a median frequency of actions.

### Claim 9 (depends on 3)

The method of claim 3, wherein the analyzing includes analyzing a geographical distribution of actions.

### Claim 10 (depends on 9)

The method of claim 9, wherein the analyzing includes analyzing a deviation of the geographical distribution of actions from one of an average geographical distribution of actions or a median geographical distribution of actions.

### Claim 11 (depends on 3)

The method of claim 3, wherein the analyzing includes analyzing a type of action.

### Claim 12 (depends on 3)

The method of claim 3, wherein the analyzing includes analyzing a duration of time between at least two actions.

### Claim 13 (depends on 1)

The method of claim 1, wherein the modifying includes one of adding to, removing from, increasing, decreasing, or otherwise modifying the at least one term associated with the second account.

### Claim 14 (depends on 13)

The method of claim 13, wherein the at least one term relates to a portion of a balance of the second account.

### Claim 15 (depends on 13)

The method of claim 13, wherein the at least one term includes an interest rate associated with the second account.

### Claim 16 (depends on 13)

The method of claim 13, wherein the at least one term includes an annual percentage rate associated with the second account.

### Claim 17 (depends on 13)

The method of claim 13, wherein the at least one term includes a credit limit associated with the second account.

### Claim 18 (depends on 13)

The method of claim 13, wherein the at least one term includes a grace period for one of interest payments or principal payments associated with the second account.

### Claim 19 (depends on 13)

The method of claim 13, wherein the at least one term includes a required minimum balance associated with the second account.

### Claim 20 (depends on 13)

The method of claim 13, wherein the at least one term includes one of an eligibility for incentive reward points, a rate of accumulation of incentive reward points, or an exchange value of accumulated incentive reward points associated with the second account.

### Claim 21 (depends on 13)

The method of claim 13, wherein the at least one term includes one of a brokerage commission rate or a brokerage margin rate associated with the second account.

### Claim 22 (depends on 13)

The method of claim 13, wherein the at least one term includes a mortgage loan interest rate associated with the second account.

### Claim 23 (depends on 13)

The method of claim 13, wherein the at least one term includes a home equity line of credit interest rate associated with the second account.

### Claim 24 (depends on 13)

The method of claim 13, wherein the at least one term includes an access privilege to a secured area associated with the second account.

### Claim 25 (depends on 13)

The method of claim 13, wherein the at least one term includes a privilege for use of transportation services associated with the second account.

### Claim 26 (depends on 13)

The method of claim 13, wherein the at least one term includes a medical privilege associated with the second account.

### Claim 27 (depends on 13)

The method of claim 13, wherein the at least one term includes an academic privilege associated with the second account.