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System for providing integrated financing services

  • US 20050149408A1
  • Filed: 12/26/2003
  • Published: 07/07/2005
  • Est. Priority Date: 12/26/2003
  • Status: Active Grant
First Claim
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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:

  • 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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