DYNAMIC COMPUTING AND ASSIGNMENT OF VARIABLE FEE ON CROSS-BORDER TRANSACTIONS

DYNAMIC COMPUTING AND ASSIGNMENT OF VARIABLE FEE ON CROSS-BORDER TRANSACTIONS

Systems and methods dynamically compute and assign a variable fee for cross-border transactions. Raw data associated with a pending transaction is prepared for analysis by a scenario-specific model. The pending transaction is assigned to a scenario. The scenario-specific model generates a recommende...

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Bibliographische Detailangaben
Hauptverfasser: MARWAHA, Lakshay, MITTAL, Aayush, SAURAV, Sumit, BORDOLOI, Ankurjyoti
Format: Patent
Sprache:eng
Schlagworte:
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
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Beschreibung
Zusammenfassung:Systems and methods dynamically compute and assign a variable fee for cross-border transactions. Raw data associated with a pending transaction is prepared for analysis by a scenario-specific model. The pending transaction is assigned to a scenario. The scenario-specific model generates a recommended variable fee for the pending transaction based on the prepared data. The recommended variable fee is output to an issuer processing the pending transaction. Feedback is received from the issuer regarding the recommended variable fee and the scenario-specific model is trained using the received feedback.