Merchant financing system
US11481839B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 9, 2019 |
| Grant date | Oct 25, 2022 |
| Priority date | — |
| Expiry date | Dec 21, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F18/214
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
In some examples, a computing device may process a plurality of transactions initiating on at least one of mobile applications or web applications. The computing device may determine eligibility of a first merchant to receive an offer for financing based on one or more attributes of transactions, of the plurality of transactions, that are associated with the first merchant or one or more similar merchants. In addition, the computing device may generate the offer for financing for a particular amount based on the eligibility of the merchant. Further, the computing device may cause presentation of the offer for financing on a first merchant computing device associated with the first merchant. For example, the offer may specify terms for the financing and terms of repayment, the terms of repayment including using a portion of funds from at least one additional transaction for repayment.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.