System and method for automated credit matching
US6957192B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 23, 2000 |
| Grant date | Oct 18, 2005 |
| Priority date | — |
| Expiry date | Aug 14, 2022 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The invention includes a method of financing eCommerce purchases including: receiving over the Internet buyer registration information. Then evaluating a credit rating for the buyer and passing over the Internet the credit rating to a seller, and then receiving over the Internet from the seller seller's credit options for the buyer. The next steps are determining other credit provider's credit options for the buyer, creating a database of the credit options for the buyer. After receiving over the Internet an order for the buyer, then querying the database with query criteria specific to the order, thereby resulting in a report of credit options for the buyer for the order. Passing over the Internet the report to the buyer; receiving over the Internet the buyer's selection of a credit option; passing over the Internet a payment schedule for the buyer to an intermediary; and receiving payment remitted from the buyer.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.