Systems and methods for bill payment with dynamic loan capacity

• US 10,643,277 B2
• Filed: 03/16/2016
• Issued: 05/05/2020
• Est. Priority Date: 03/16/2016
• Status: Active Grant

• Current Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Berta, Cecile, Esmail, Mehdi, Gupta, Manish, Luciano, Malerie, Motaharian, Houman, Ricciardi, Art, Sarin, Aparna, Sussman, Brett, Valdes, Fernando
• Primary Examiner(s): Niquette, Robert R
• Assistant Examiner(s): Nguyen, Liz P
• Application Number:
  US15/072,094
• Publication Number:
  US 20170270603A1
• Time in Patent Office: 1,511 Days
• Field of Search: 705 38
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system may detect an outstanding account of a borrower having an outstanding amount. The system may also display a loan-request interface associated with the outstanding account with the loan-request interface activated in response to the outstanding amount being within the dynamically calculated loan capacity. The system may receive an input via the loan-request interface to request a loan based on the outstanding amount. A request for the loan may be transmitted in response to the input.

Claims

1. A method comprising:

detecting, by a computer-based system, an outstanding account of a borrower by transmitting an API request to a financial institution, the outstanding account having an outstanding amount;

displaying, by the computer-based system, a loan-request interface associated with the outstanding account, wherein the loan-request interface comprises an apply for loan button that is enabled in response to an exposure appetite being sufficient for the borrower and the outstanding amount being within a dynamically calculated loan capacity;

receiving, by the computer-based system, an input via the loan-request interface to request a loan based on the outstanding amount; and

transmitting, by the computer-based system, the request for the loan in response to the input, wherein the borrower receives the loan for bill payment.

2. The method of claim 1, wherein the outstanding account of the borrower comprises at least one of an account receivable, an invoice, or a bill owed to a vendor.

3. The method of claim 2, wherein proceeds of the loan are disbursed to the vendor in response to the request for the loan.

4. The method of claim 1, wherein the loan-request interface and the outstanding account are displayed on at least one of a web site or an application.

5. The method of claim 4, wherein the web site or the application are configured to provide at least one of an accounting interface, an enterprise resource planning interface, or an ecommerce interface.

6. The method of claim 1, wherein the exposure appetite is based upon a length of a relationship between the borrower and a vendor and behavioral data about the borrower available to the financial institution.

15. The method of claim 1, further comprising providing, by the computer-based system, a selection for a bank account for paying the loan at an end of a loan term.

16. The method of claim 1, wherein the displaying the loan-request interface is within an accounting system, an enterprise resource planning system or an ecommerce system.

17. The method of claim 1, further comprising:

tuning, by the computer-based system, the database to optimize database performance, wherein the tuning includes placing frequently used files on separate file systems to reduce in and out bottlenecks; and

sorting, by the computer based system, the outstanding account according to a known order to simplify the lookup process.

19. The method of claim 1, wherein the dynamically calculated loan capacity is further based upon at least one authorization control, the at least one authorization control comprising at least one of:

out of pattern spending, no good/final return from ACH payments, over limit, delinquency or policy exposure.

7. A method comprising:

determining in real-time, by a computer-based system, a dynamically calculated loan capacity of a borrower;

identifying, by the computer-based system, an account having an outstanding amount within the dynamically calculated loan capacity, wherein the outstanding amount is owed to a vendor;

receiving, by the computer-based system, a request to issue a loan based on the outstanding amount;

verifying, by the computer-based system, the vendor; and

disbursing, by the computer-based system, proceeds of the loan directly to the vendor, wherein the borrower receives the loan for bill payment.

8. The method of claim 7, wherein the loan is disbursed directly to the vendor via at least one of an ACH transfer or a wire transfer.

9. The method of claim 8, wherein the loan is disbursed with a borrower identifier to indicate that the loan originated from the borrower.

10. The method of claim 7, further comprising retrieving, by the computer-based system, an exposure appetite for the borrower at which probability of default reaches a predetermined percentage.

11. The method of claim 10, further comprising modifying, by the computer-based system, the exposure appetite based on an authorization control to determine the dynamically calculated loan capacity.

12. The method of claim 7, wherein the identifying the account having the outstanding amount further comprises:

receiving, by the computer-based system, an API request to evaluate the account having the outstanding amount; and

determining, by the computer-based system, that the outstanding amount is within the dynamically calculated loan capacity.

14. The method of claim 7, wherein the verifying the vendor comprises maintaining a list of vendors that have been pre-verified.

13. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a processor, cause the processor to perform operations comprising:

storing, by the processor, a plurality of outstanding accounts in a database;

designating, by the processor, a type of the outstanding account as a key field in a plurality of related data tables to speed searching for the data;

linking, by the computer-based system, the plurality of related data tables based on the type of the outstanding account in the key fields;

detecting, by the processor, an outstanding account of a borrower from the database by transmitting an API request to a financial institution, the outstanding account having an outstanding amount;

obtaining, by the computer-based system, the outstanding account from the database;

displaying, by the processor, a loan-request interface associated with the outstanding account, wherein the loan-request interface is activated in response to the outstanding amount being within a dynamically calculated loan capacity;

receiving, by the processor, an input via the loan-request interface to request a loan based on the outstanding amount; and

transmitting, by the processor, the request for the loan in response to the input, wherein the borrower receives the loan for bill payment.

18. The article of claim 13, wherein a financial institution determines in real-time the dynamically calculated loan capacity of the borrower.