Patents Assigned to Westpac Banking Corporation
  • DYNAMIC PREPAYMENT RISK MANAGEMENT
    Publication number: 20100268626
    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 fulfilment 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: Application
    Filed: April 16, 2010
    Publication date: October 21, 2010
    Applicant: Westpac Banking Corporation
    Inventors: JUSTIN TINGLE, Donald Neil Williams, Geoffrey Peter Tunbridge