Intelligent modification of capital loan offerings at point-of-sale
US11107157B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 31, 2018 |
| Grant date | Aug 31, 2021 |
| Priority date | — |
| Expiry date | Apr 11, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q2220/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Techniques for intelligently modifying capital loan offerings at a point-of-sale (POS) are described. Server(s) can receive, from a first POS device associated with a first merchant, transaction data associated with transaction(s) between the first merchant and customer(s). The server(s) can determine that the first merchant is eligible for a capital loan of a first amount. The server(s) can receive, from a second POS device associated with a second merchant, an authorization request to authorize a payment instrument, having a limit based on the first amount, for a purchase having a purchase amount greater than the first amount, and the server(s) can determine to increase the first amount to a second amount. The server(s) can send, to the second POS device, an indication that the payment instrument is authorized for at least the second amount, thereby modifying the amount of the capital loan at the POS.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.