On-demand financial assessment for testing and purchase of goods

• US 10,373,222 B1
• Filed: 02/23/2015
• Issued: 08/06/2019
• Est. Priority Date: 02/23/2015
• Status: Active Grant

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Inventors: Sahni, Bipin M., Mangat, Balinder, Hatch, David
• Primary Examiner(s): Palavecino, Kathleen
• Assistant Examiner(s): Cai, Lance Y
• Application Number:
  US14/629,170
• Time in Patent Office: 1,625 Days
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Systems and methods for processing customer requests to access purchasable items using financial assessments are described. A customer using a mobile device can identify a good of interest and transmit a request to access and test it. A financial institution computing system with a database of customer financial information can generate a financial assessment of the customer and the customer'"'"'s identified good, which can then be used to determine whether the customer'"'"'s request should be granted.

Claims

1. A computing system comprising:

a network interface logic configured to access and exchange data over a network;

a customer database comprising personal and financial information associated with a plurality of customers; and

an assessment logic configured to;

provide a mobile application configured to exchange data from a mobile device and a financial institution computing system;

receive, from a customer, a customer request to gain access to an item comprising consumer purchasable property with security measures structured for remote disablement, the customer request being received through the network interface logic;

access information in the customer database, the information accessed being information specific to the customer;

generate a financial assessment of the customer based on the information in the customer database;

transmit the financial assessment through the network interface logic to a transaction logic, the transaction logic being configured to enable a mobile key granting the customer temporary access to the purchasable property based on the transmitted financial assessment;

generate a transaction package, the transaction package including one or more payment options for purchasing the purchasable property and payment terms for each of the one or more payment options; and

transmit, via the mobile application, the transaction package to the customer, wherein the payment options and payment terms included in the transaction package are based on the financial assessment of the customer;

wherein the mobile key is disabled if a selection of a payment option for purchasing the purchasable property included in the transaction package is not received from the customer.

2. The system of claim 1, further comprising a vendor database comprising information relating to a plurality of vendors, including testing approval criteria;

and

wherein the assessment logic is further configured to incorporate the information in the vendor database in generating the financial assessment.

3. The system of claim 1, wherein the mobile application provided is further configured to exchange data between a mobile device and a computing system associated with a vendor of the testable good.

4. The system of claim 1, wherein the mobile application provided is further configured to cause a mobile device to serve as a mobile key to gain access to the item.

5. The system of claim 1, wherein the mobile application provided is further configured to cause a mobile device to detect and interpret an identifier.

6. The system of claim 1, wherein the mobile application provided is further configured to cause a mobile device to exchange information over a local wireless transmission.

19. The system of claim 1, wherein the consumer purchasable property comprises real estate, vehicles, or a combination thereof.

7. A computer implemented method of processing customer testing requests and purchases, the method comprising:

maintaining, by an assessment logic, a customer database comprising personal and financial information associated with a plurality of customers;

providing, by the assessment logic, a mobile application configured to exchange data between a mobile device and a financial institution computing system;

receiving, by a network interface logic and from a customer, a customer request to gain access to an item comprising consumer purchasable property with security measures structured for remote disablement;

accessing, by the assessment logic, information on the customer database, the information accessed being information specific to the customer;

generating, by the assessment logic, a financial assessment of the customer;

transmitting, by the network logic, the financial assessment to a transaction logic, the transaction logic being configured to enable a mobile key granting the customer temporary access to the purchasable property based on the transmitted financial assessment;

generating, by the assessment logic, a transaction package, the transaction package including one or more payment options for purchasing the purchasable property and payment terms for each of the one or more payment options; and

transmitting, via the mobile application, the transaction package to the customer, wherein the payment options and payment terms included in the transaction package are based on the financial assessment of the customer;

wherein the mobile key is disabled if a selection of a payment option for purchasing the purchasable property included in the transaction package is not received from the customer.

8. The method of claim 7, further comprising:

maintaining, by an assessment logic, a vendor database comprising information relating to a plurality of vendors, including testing approval criteria;

accessing, by an assessment logic, the information on the vendor database; and

incorporating, by an assessment logic, the information in the vendor database in generating the financial assessment.

9. The method of claim 7, wherein the mobile application provided is further configured to exchange data between a mobile device and a computing system associated with a vendor of the testable good.

10. The method of claim 7, wherein the mobile application provided is further configured to cause a mobile device to serve as a mobile key to gain access to the item.

11. The method of claim 7, wherein the mobile application provided is further configured to cause a mobile device to detect and interpret an identifier.

12. The method of claim 7, wherein the mobile application provided is further configured to cause a mobile device to exchange information over a local wireless transmission.

13. A non-transitory computer readable media having computer-executable instructions embodied therein that, when executed by at least one processor of a computing system, cause the computing system to perform operations to process requests received from customer mobile devices, the operations comprising:

maintaining a customer database comprising personal and financial information associated with a plurality of customers;

providing a mobile application to a customer, the mobile application being configured to exchange data from a mobile device and a financial institution computing system;

receiving, from a customer, a customer request to gain access to an item comprising consumer purchasable property with security measures structured for remote disablement, the customer request being received through a network interface logic;

accessing information in the customer database, the information accessed being information specific to the customer;

generating a financial assessment of the customer based on the information in the customer database;

transmitting the financial assessment to a transaction logic, and through the network interface logic,

the transaction logic being configured to enable a mobile key granting the customer temporary access to the purchasable property based on the transmitted financial assessment;

generating a transaction package, the transaction package including one or more payment options for purchasing the purchasable property and payment terms for each of the one or more payment options; and

transmitting, via the mobile application, the transaction package to the customer, wherein the payment options and payment terms included in the transaction package are based on the financial assessment of the customer;

wherein the mobile key is disabled if a selection of a payment option for purchasing the purchasable property included in the transaction package is not received from the customer.

14. The media of claim 13, wherein the operations further comprise:

maintaining a vendor database comprising information relating to a plurality of vendors, including testing approval criteria; and

incorporating the information in the vendor database in generating the financial assessment.

15. The system of claim 13, wherein the mobile application provided is further configured to exchange data between a mobile device and a computing system associated with a vendor of a testable good.

16. The system of claim 13, wherein the mobile application provided is further configured to cause a mobile device to serve as a mobile key to gain access to the item.

17. The system of claim 13, wherein the mobile application provided is further configured to cause a mobile device to detect and interpret an identifier.

18. The system of claim 13, wherein the mobile application provided is further configured to cause a mobile device to exchange information over a local wireless transmission.