Intelligent loan management via a mobile application
US12387261B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 9, 2023 |
| Grant date | Aug 12, 2025 |
| Priority date | — |
| Expiry date | Aug 9, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q2220/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In some examples, a service provider provides a mobile application to a device of a user. The mobile application presents a user interface with a selectable control enabling the user to obtain a loan that is useable for a specific use at a merchant that accepts payments via the service provider. The service provider receives, via the mobile application, an indication of interaction with the selectable control and, based on determining that the user has accepted the loan offer, makes the loan funds available via a payment instrument accessible via the mobile application. Based on receiving transaction data for a current transaction for which the payment instrument is presented for payment, the loan funds are applied as payment for the transaction. After the funds have been applied, at least a portion of the loan is repaid via the mobile application at a particular frequency during a subsequent period of time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.