METHOD AND SYSTEM FOR PROVIDING FLEXIBLE FINANCING
1 Assignment
0 Petitions
Accused Products
Abstract
Methods and systems for providing flexible financing are disclosed. In one embodiment, the present invention relates to a business card product with a customer activated credit line extension for accommodating large ticket purchases where the credit line extension may be linked to other business loan/lease products so that balances may be transferred to a customer'"'"'s preferred financing product (or products). The purchases may be considered secured or unsecured loans/leases that may be capitalized as well as appreciate and depreciate in value. The purchases may include various types of revenue producing property, such as computer, office equipment, office furniture, copiers, farm equipment, and other types of revenue producing property.
11 Citations
66 Claims
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1-44. -44. (canceled)
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45. A computer implemented method for providing customer initiated flexible financing for one or more purchases, wherein the method is executed by a programmed computer processor, the method comprising the steps of:
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issuing a card product to a customer for financing a plurality of products and services, including at least one revenue producing property; analyzing one or more financing options available to the customer prior to a purchase of the at least one revenue producing property using the programmed computer processor; authorizing a future purchase of the at least one revenue producing property to enable the customer to purchase the at least one revenue producing property with the card product, wherein the card product provides the ability to make a combination of an online purchase, phone order purchase and merchant location purchase; receiving a customer contact after the purchase is made for designating one or more of the one or more financing options available to the customer for financing of the at least one revenue producing property, wherein the one or more financing options comprise one or more of installment loan, asset-backed loan, line of credit, product lease and equipment lease; transferring a balance attributed to the card product to one or more designated financing options; and transforming the purchase into a secured loan secured by the at least one revenue producing property or an unsecured loan. - View Dependent Claims (46, 47, 48, 49, 50, 51, 52)
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53. A system for providing customer initiated flexible financing for one or more purchases, the system comprising:
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a programmed computer processor; a card issuing module for issuing a card product to a customer for financing a plurality of products and services, including at least one revenue producing property; a financing module for analyzing one or more financing options available to the customer prior to a purchase of the at least one revenue producing property; an authorizing module for authorizing a future purchase of the at least one revenue producing property to enable the customer to purchase the at least one revenue producing property with the card product, wherein the card product provides the ability to make a combination of an online purchase, phone order purchase and merchant location purchase; and a designating module for receiving a customer contact after the purchase is made for designating one or more of the one or more financing options available to the customer for financing of the at least one revenue producing property, wherein the one or more financing options comprise one or more of installment loan, asset-backed loan, line of credit, product lease and equipment lease;
for transferring a balance attributed to the card product to one or more designated financing options; and
for transforming the purchase into a secured loan secured by the at least one revenue producing property or an unsecured loan. - View Dependent Claims (54, 55, 56, 57, 58, 59, 60)
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61. A computer implemented method for initiating flexible financing for one or more purchases, wherein the method is executed by a programmed computer processor, the method comprising the steps of:
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receiving a card product from a provider for financing a plurality of products and services, including at least one revenue producing property; receiving authorization for a future purchase of the at least one revenue producing property from the provider, using the programmed computer processor; purchasing the at least one revenue producing property with the card product, wherein the card product provides the ability to make a combination of an online purchase, phone order purchase and merchant location purchase; contacting the provider after the purchase of the at least one revenue producing property for designating one or more financing options available to a customer for financing of the purchase, wherein the one or more financing options comprise one or more of installment loan, asset-backed loan, line of credit, product lease and equipment lease; transferring a balance attributed to the card product to one or more designated financing options; and transforming the purchase into a secured loan secured by the at least one revenue producing property or an unsecured loan. - View Dependent Claims (62, 63, 64, 65, 66)
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Specification