General Provisions and Strategy Sample Clauses

General Provisions and Strategy. Bank’s risk Management manages both the proprietary and co-brand portfolios. Though each portfolio is managed separately, some specific customer level data may be utilized and visible between portfolios to hedge risk and improve overall portfolio performance. The following principles will guide the execution of Risk Management Policies: (i) the risk strategies and procedures deployed on the Systems Conversion Date will be designed to (A) achieve the Risk Management Targets in effect on the Systems Conversion Date and (B) maintain credit granting and authorization procedures designed to preserve a positive customer experience consistent with that in effect prior to the Systems Conversion Date; and (ii) Bank will share (including supporting data), review and discuss with Macy’s proposals for changes to the Risk Management Policies (including, for example, changes to the use of specific credit or other risk scores, Account and Cardholder Data, or credit bureau data) in a manner and to the extent consistent with the Parties’ practices prior to the Effective Date. Account Management/Authorizations (prior to Systems Conversion Date) Real time transactions are managed through the use of an internally developed algorithm and [redacted]. Proprietary Algorithm (transaction decision tree) An algorithm interrogates [redacted] transactions that have shown a potential for fraud, incorrect customer information, and extremely high-risk transactions. This is a rules based algorithm known as the BASE algorithm. [redacted] is used to interrogate transaction at time of purchase for current over credit line and [redacted] delinquent customers. Risk management has the use of [redacted] decision keys to manage the transaction approval process. Transaction and customer attributes such as [redacted] are reviewed at each of these transactions. Proprietary Credit lines are published on the customer’s monthly billing statements. Co-brand Bankcard Algorithm (Amex co-brand) The BASE algorithm interrogates under limit transactions that have shown a potential for fraud and extremely high-risk transactions. All transactions are also passed through the [redacted] platform. Transactions that meet specific fraud parameters are declined at POS or queued for future review. [redacted] authorization module is also used to manage real time transactions on all accounts that are past due [redacted], meet over limit conditions and have requests for cash/quasi cash. [redacted]. Account Management/Aut...