Method for providing integrated financing services
First Claim
1. A method of providing an integrated financing service that allows a plurality of vendors to integrate service leasing as part of a sales transaction, the method comprising:
- allowing the plurality of vendors accessing a first network service to provide leasing prices for items within an electronic shopping catalog;
allowing a customer to access a second network service upon selection of a payment option for an item within the electronic shopping catalog, from a vendor;
automatically determining lease terms for the item;
automatically proposing the lease terms to the customer for approval, as an alternative to a direct purchase of the item; and
upon approval by the customer, sending an acknowledgement to the vendor 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 method provides a leasing service for vendors accessible through the Internet, embedding financing into the checkout process using several Web services. The present service 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 service allows 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 method of providing an integrated financing service that allows a plurality of vendors to integrate service leasing as part of a sales transaction, the method comprising:
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allowing the plurality of vendors accessing a first network service to provide leasing prices for items within an electronic shopping catalog;
allowing a customer to access a second network service upon selection of a payment option for an item within the electronic shopping catalog, from a vendor;
automatically determining lease terms for the item;
automatically proposing the lease terms to the customer for approval, as an alternative to a direct purchase of the item; and
upon approval by the customer, sending an acknowledgement to the vendor 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