Method and system for auctioning loans through a computing system
US6622131B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 23, 1999 |
| Grant date | Sep 16, 2003 |
| Priority date | — |
| Expiry date | Dec 23, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computing device receives first information about a customer. The computing device outputs second information to at least first and second loan sources. The second information includes at least a portion of the first information. From the first and second loan sources, the computing device receives submissions of respective first and second bids for providing a loan to the customer for purchase of an item. The computing device identifies at least one of the first and second bids as being most favorable. To the customer, the computing device outputs third information about the identified bid, including an identity of at least one of the loan sources that submitted the identified bid.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.