System for providing integrated financing services
First Claim
1. A system for providing an integrated financing service that allows a plurality of vendors to integrate a leasing service as part of a sales transaction, the system comprising:
- a first network service to provide leasing prices for items within an electronic shopping catalog to a plurality of vendors;
a second network service to request lease terms from a vendor, upon a selection by a customer of a payment option for an item within the electronic shopping catalog;
a lease calculation module for automatically determining the lease terms for the item;
a proposal generation module for automatically propos the lease terms to the customer for approval, as an alternative to a direct purchase of the item; and
upon approval by the customer, a vendor commitment to finance module for sending an acknowledgement to the plurality of vendors that the sale of the item is based on the lease terms that have been approved by the customer.
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Accused Products
Abstract
An integrated financing services system provides a leasing service for vendors accessible through the Internet, embedding financing into the checkout process using several Web services. The present system is accessed by a vendor to provide leasing prices on a line item by line item basis within an electronic shopping catalog. Depending on the detail provided by the sales company in the request for those rates, these lease prices can map to the specificity of the catalog. If the sales company has a catalog designed for a specific customer or industry, the lease prices provided can be tailored to those specifications as well. The present system provides a service for the vendors to integrate leasing into their sales agents'"'"' and customers'"'"' shopping experience without a large investment in a flexible, and customer-customizable way. The lessor can now support vendors and customers in a very repeatable manner, using the same technology with no new special development for each vendor.
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Citations
20 Claims
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1. A system for providing an integrated financing service that allows a plurality of vendors to integrate a leasing service as part of a sales transaction, the system comprising:
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a first network service to provide leasing prices for items within an electronic shopping catalog to a plurality of vendors;
a second network service to request lease terms from a vendor, upon a selection by a customer of a payment option for an item within the electronic shopping catalog;
a lease calculation module for automatically determining the lease terms for the item;
a proposal generation module for automatically propos the lease terms to the customer for approval, as an alternative to a direct purchase of the item; and
upon approval by the customer, a vendor commitment to finance module for sending an acknowledgement to the plurality of vendors that the sale of the item is based on the lease terms that have been approved by the customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification