Distributed system for custom financing
US11100576B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 4, 2020 |
| Grant date | Aug 24, 2021 |
| Priority date | — |
| Expiry date | Mar 4, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/20
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In some examples, a system may receive, from a plurality of merchant devices associated with a plurality of merchants, transaction information of transactions performed between the plurality of merchants and a plurality of customers. The system may determine for a first merchant, based on the transaction information received from a first merchant device of the first merchant, one or more factors indicative of a business of the first merchant, and may compare the transaction information received from the plurality of merchant computing devices with the one or more factors determined for the first merchant to generate a custom financing offer for the first merchant. In addition, the system may send the custom financing offer to the first merchant device and, in response to an indication of acceptance of the custom financing offer, may send an instruction to provide a financed amount to an account of the first merchant.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.