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SYSTEM FOR PROCESSING DATA ACQUIRED FROM VEHICLE DIAGNOSTIC INTERFACE FOR VEHICLE INVENTORY MONITORING

  • US 20110093159A1
  • Filed: 08/03/2010
  • Published: 04/21/2011
  • Est. Priority Date: 10/20/2009
  • Status: Active Grant
First Claim
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1. A method for keeping an inventory of vehicles that serve as collateral for loans provided by a lending entity, the method comprising:

  • (a) storing vehicle information in a database in association with a lending entity identifier, wherein the vehicle information includes vehicle identification numbers (VINs) that uniquely identify particular vehicles for which the lending entity has provided financing, and wherein the lending entity identifier uniquely identifies the lending entity that provided the loans for the vehicles;

    (b) storing unique identification numbers (UINs) in the database in association with the lending entity identifier, wherein the unique identification numbers uniquely identify particular vehicle monitoring devices assigned to the lending entity;

    (c) connecting a vehicle monitoring device to an on-board diagnostics connector in a vehicle, wherein the vehicle monitoring device is capable of accessing vehicle data through the on-board diagnostics connector, determining vehicle location data indicating a location of the vehicle, and wirelessly transmitting the vehicle data and vehicle location data, and wherein a UIN is stored in the vehicle monitoring device which uniquely identifies the vehicle monitoring device;

    (d) the vehicle monitoring device accessing vehicle data through the on-board diagnostics connector, which vehicle data indicates at least the VIN of the vehicle in which the vehicle monitoring device is connected;

    (e) the vehicle monitoring device determining the vehicle location data;

    (f) the vehicle monitoring device wirelessly transmitting at least the VIN of the vehicle, the vehicle location data, and the UIN of the vehicle monitoring device to a communication network;

    (g) receiving the VIN of the vehicle, the vehicle location data, and the UIN of the vehicle monitoring device at a central vehicle data server that is connected to the communication network and is in communication with the database; and

    (h) determining whether the VIN and UIN transmitted from the vehicle monitoring device are both associated with one and the same lending entity identifier in the database.

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