System for electronically developing and processing a document

US6603487B1 · kind B1 · utility

Assignee

• International Business Machines Corporation · US

Inventors

• William E. Bennett · Tucson, US
• Stephen Boies · Mahopac, US
• Lauretta Jones · Purdys, US
• Stephen Levy · Saskatoon, CA
• Douglas Charles Lovell · Fishkill, US
• Neil Lustig · New York, US
• Paul M. Matchen · Bethel, US
• Richard D. Thompson · Trumbull, US

Key dates

• Filing date: Oct 31, 1996
• Grant date: Aug 5, 2003
• Expiry date: Oct 31, 2016

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/10
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In an exemplary embodiment, a customer, an automobile dealership, a participating financial institution, and a credit bureau may be electronically connected in a system that preferably uses the internet in order to develop and process a legal document comprising a credit application. The system thereby eliminates a paper-based process of credit approval, providing an efficient interaction between businesses and their customer.