System, method and apparatus for providing adaptive consumer checkout options

US11842392B2 · kind B2 · utility

Assignee

• Affirm, Inc. · US

Inventors

• Shawn Krisman · San Francisco, US
• Jaya Pareek · San Francisco, US
• Jeremy Mittleman · San Francisco, US
• Kenny Eimer · San Francisco, US
• Michael Boardman · San Francisco, US

Key dates

• Filing date: Sep 17, 2021
• Grant date: Dec 12, 2023
• Expiry date: Sep 17, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/24
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for employing adaptive credit decisions in relation to extension of a loan to a user may include receiving user information associated with the user and transaction information associated with a transaction of the user with respect to a product or service offered by a vendor, employing a first credit decision model to execute a first credit extension decision with respect to a first type of financing option based on the user information and the transaction information, employing a second credit decision model to execute a second credit extension decision with respect to a second type of financing option based on the user information and the transaction information, and determining, based on the first and second credit extension decisions, whether to extend a credit offer to the user when the user proceeds to checkout for the transaction.