System, Method, and Computer-Readable Medium for Mobile Loan Acquisition
First Claim
Patent Images
1. A method of electronic commerce comprising:
- receiving a loan request from a mobile device associated with a mobile device account, the loan request including a user loan authorization;
receiving a financial institution approval of the loan request;
transmitting to the mobile device a notice of the financial institution approval of the loan request;
depositing a loan amount of the loan request into a user account;
generating a billing statement for at least a portion of the loan amount; and
sending the billing statement to a user associated with the mobile device account.
1 Assignment
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Accused Products
Abstract
A system, method, and computer-readable medium that facilitate mobile acquisition of a loan are provided. A mobile loan system may communicatively interface with a financial institution that provides loans to mobile subscribers. A credit evaluation provider may evaluate the credit worthiness of the mobile terminal user based on a payment history of the mobile terminal account of the user. An insurance provider may issue an insurance policy against the loan to indemnify the loan provider. An invoice for the loan balance, and fees associated therewith, may be issued with the mobile terminal account service statement.
45 Citations
24 Claims
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1. A method of electronic commerce comprising:
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receiving a loan request from a mobile device associated with a mobile device account, the loan request including a user loan authorization; receiving a financial institution approval of the loan request; transmitting to the mobile device a notice of the financial institution approval of the loan request; depositing a loan amount of the loan request into a user account; generating a billing statement for at least a portion of the loan amount; and sending the billing statement to a user associated with the mobile device account. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of acquiring a loan over a mobile platform, comprising:
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receiving a loan request from a mobile device; invoking a credit evaluation of a user of the mobile device responsive to receipt of the loan request, wherein the credit evaluation comprises an evaluation of a payment history of a mobile service account of the mobile device; transmitting a request for an account identifier to the mobile device; and depositing a loan amount of the loan request into an account having the account identifier. - View Dependent Claims (9, 10)
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11. A computer-readable medium having computer-executable instructions for execution by a processing system, the computer-executable instructions for acquiring a loan from a mobile platform, comprising:
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instructions for receiving a loan request from a mobile device; instructions for invoking a credit evaluation of a user of the mobile device responsive to receipt of the loan request, wherein the credit evaluation comprises an evaluation of a payment history of a mobile service account of the mobile device; instructions for transmitting a request for an account identifier to the mobile device; and instructions for depositing a loan amount of the loan request into an account having the account identifier. - View Dependent Claims (12, 13, 14, 15)
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16. A mobile loan system comprising:
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means for receiving authorization from a mobile device to acquire a loan from a financial institution; means for communicating with a credit evaluation provider to receive a credit evaluation based upon a payment history associated with the mobile device; means for communicating with an insurance provider in response to receipt of the credit evaluation; means for communicating with the financial institution to receive an approval of the loan; means for transmitting notice of the approval of the loan to the mobile device; and a user database adapted to maintain a loan balance record. - View Dependent Claims (17, 18, 19)
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20. A method comprising:
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associating a line of credit with a mobile device account; receiving a loan request from a mobile device associated with the mobile device account; identifying a balance on the line of credit greater than the loan request; depositing a loan amount of the loan request into a user account; generating a billing statement for at least a portion of the loan amount; and sending the billing statement to a user associated with the mobile device account. - View Dependent Claims (21, 22, 23, 24)
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Specification