CALCULATING A PROBABILITY OF A BUSINESS BEING DELINQUENT

• Main Authors: KIERZKOWSKI KAROLINA ANNA, YUAN XIN, BALLEW PAUL DOUGLAS, FOLK DON L, DANITZ MICHAEL ERIC, KRAMSKAIA ALLA, BASU NIPA, NICODEMO JOHN MARK, CRIGLER BRIAN SCOTT
• Format: Patent
• Language: English
• Published: 21.05.2015
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

There is provided a method that includes employing a computer to perform operations of (a) receiving, from a data source, by way of an electronic communication, a descriptor of a business, (b) matching said descriptor to data in a database, thus yielding a match, wherein said data includes a unique identifier of said business, (c) saving to a log, a signal that includes said unique identifier, (d) counting a quantity of signals that include said unique identifier in said log, thus yielding a number of said signals for said unique identifier, and (e) calculating a credit score for said business, based on said number of signals. There is also provided a system that performs the method, and a storage device that controls a processor to perform the method.