Patents Assigned to Westpac Bank Corporation
  • Dynamic prepayment risk management
    Patent number: 8341043
    Abstract: A system and method are disclosed for monitoring, managing and reporting credit card prepayment risk for an issuing bank. Sales data, corresponding payment data and data indicating the fulfillment of orders are monitored. The amount required as security by the bank is dynamically adjusted, for example on a daily basis, in response to the quantum of prepayment exposure determined by the data.
    Type: Grant
    Filed: April 16, 2010
    Date of Patent: December 25, 2012
    Assignee: Westpac Bank Corporation
    Inventors: Justin Tingle, Donald Neil Williams, Geoffrey Peter Tunbridge