Systems and methods for shared lending risk
First Claim
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1. A method of providing a credit product comprising:
- in a computer system;
receiving a consumer indication of a purchase of a good or a service;
generating, in a lead scoring and distribution engine, a triplet risk score for a transaction with the consumer for purchase of the good or the service, the triplet risk score representing analysis of a merchant risk for the transaction, a purchaser risk for the transaction including credit worthiness of the consumer, and a product risk for the transaction;
providing the triplet risk score for the transaction through a communication link to a pool of lenders;
selecting and providing, by a lender in the pool of lenders, one or more credit products for the transaction from the pool based on the triplet risk score for the transaction;
displaying the one or more selected credit products to the consumer so that the consumer accepts the credit product from the one or more selected credit products; and
completing the purchase of the good or the service by the consumer using the credit product accepted by the consumer.
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Abstract
The shared lending risk system and method provide a lead scoring engine that generates a score representing an assessment of the credit risk of the transaction that is based on an assessment of the merchant, purchaser and product. The score is provided to a pool of lenders and a credit product is selected from the pool based on the score.
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Citations
13 Claims
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1. A method of providing a credit product comprising:
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in a computer system; receiving a consumer indication of a purchase of a good or a service; generating, in a lead scoring and distribution engine, a triplet risk score for a transaction with the consumer for purchase of the good or the service, the triplet risk score representing analysis of a merchant risk for the transaction, a purchaser risk for the transaction including credit worthiness of the consumer, and a product risk for the transaction; providing the triplet risk score for the transaction through a communication link to a pool of lenders; selecting and providing, by a lender in the pool of lenders, one or more credit products for the transaction from the pool based on the triplet risk score for the transaction; displaying the one or more selected credit products to the consumer so that the consumer accepts the credit product from the one or more selected credit products; and completing the purchase of the good or the service by the consumer using the credit product accepted by the consumer. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system, comprising:
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a computer system having a processor, memory and instructions that is configured to; receive a consumer indication of a purchase of a good or a service;
generate a triplet risk score for a transaction with the consumer for purchase of the good or the service, the triplet risk score representing analysis of a merchant risk for the transaction, a purchaser risk for the transaction including credit worthiness of the consumer, and a product risk for the transaction and provide the triplet risk score for the transaction through a communication link to a pool of lenders;the lender pool having a plurality of lenders wherein a lender in the pool of lenders selects and provides one or more credit products for the transaction from the pool based on the triplet risk score for the transaction; and the computer system further configured to display the one or more selected credit products to the consumer so that the consumer accepts a credit product from the one or more selected credit products and complete the purchase of the good or the service by the consumer using the credit product accepted by the consumer. - View Dependent Claims (9, 10, 11, 12, 13)
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Specification