Linda A Russo

US Patent:

20080249926, Oct 9, 2008

Filed:

Apr 9, 2007

Appl. No.:

11/697772

Inventors:

Michael L. Sgaraglio - Massapequa Park NY, US
Linda J. Russo - S. Setauket NY, US

Assignee:

First Data Corporation - Greenwood Village CO

International Classification:

G06Q 40/00

US Classification:

705 39

Abstract:

Methods, systems, and machine-readable media are disclosed for handling unfunded financial transactions. According to one embodiment, information related to a transaction can be received. One or more rules can be applied to the information related to the transaction and a determination can be made as to whether payment of the transaction is doubtful based on application of the one or more rules. Applying the one or more rules to the from a set of rules based on a source of the information related to the transaction, a type of the transaction, identity of one or more parties to the transaction, or other information related to the transaction. In response to determining that payment of the transaction is doubtful, a portion of an account receivable corresponding to the transaction can be written off.