MERCHANT APPLICATION AND UNDERWRITING SYSTEMS AND METHODS

• US 20080288392A1
• Filed: 05/07/2007
• Published: 11/20/2008
• Est. Priority Date: 03/27/2002
• Status: Abandoned Application

• Current Assignee: First Data Corporation (Fiserv Incorporated)
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Sgaraglio, Michael L., Long, Edward J., Arthus, Mark G.
• Application Number:
  US11/745,383
• Publication Number:
  US 20080288392A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method for establishing credit services with a merchant account using a computer system comprises receiving at a server computer application information on a merchant applying for a credit service. The application information is stored in a database. At the server computer, a request from a credit investigator is received to view at least some of the application information. The requested information is then sent to the credit investigator from the server computer.

Claims

1-22. -22. (canceled)

23. In a computer system having a graphical user interface including a display and an entry device, a method of updating credit risk information, the method comprising:

retrieving a merchant application form having a set of fields containing merchant financial information;

displaying the application form on the display along with a calculated credit risk based on the merchant financial information;

receiving a data field entry selection signal indicative of the entry device entering modified merchant financial information into one of the fields; and

in response to the signal, sending the modified credit merchant financial information to a server computer; and

receiving updated credit risk information from the server computer and displaying the updated credit risk information on the display.

24-36. -36. (canceled)