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Systems and Methods for Adjusting Loan Amounts to Facilitate Transactions

  • US 20090048966A1
  • Filed: 09/30/2008
  • Published: 02/19/2009
  • Est. Priority Date: 11/05/1999
  • Status: Active Grant
First Claim
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1. A method for a financial account issuer to facilitate a loan transaction, the method comprising:

  • receiving, at the financial account issuer, a request to debit a first loan amount from a first financial account having a first identifier associated with the first financial account, wherein the financial account issuer issued the first financial account, and wherein the financial account issuer comprises a server;

    receiving, at the financial account issuer, a request to credit at least a portion of the first loan amount to a second financial account having a second identifier associated with the second financial account;

    determining, by the financial account issuer, if at least one of the request to debit the first financial account or the request to credit the second financial account is fraudulent;

    debiting, by the financial account issuer, the first loan amount from the first financial account, if the request to debit the first financial account is not fraudulent; and

    ,crediting, by the financial account issuer, at least a portion of the first loan amount to the second financial account, if the request to credit the second financial account is not fraudulent, wherein the first loan amount is associated with a legal obligation for repayment from the second financial account to the first financial account.

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