System and method for resolving transactions employing goal seeking attributes

• US 20110178860A1
• Filed: 01/15/2010
• Published: 07/21/2011
• Est. Priority Date: 01/15/2010
• Status: Abandoned Application

• Current Assignee: Apollo Enterprise Solutions, Inc. (Apollo Enterprise Solutions, Ltd.)
• Original Assignee: Apollo Enterprise Solutions, Inc. (Apollo Enterprise Solutions, Ltd.)
• Inventors: House, William J. III, Imrey, G. Christopher
• Application Number:
  US12/657,231
• Publication Number:
  US 20110178860A1
• Time in Patent Office: Days
• US Class Current: 705/14.25
• CPC Class Codes: G06Q 30/0224 based on user history
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system and method for the online settling of a transaction is provided. The system includes a server having a rules based engine including rules established on behalf of a party to the transaction, such as a creditor. The rules based engine is configured to process data and present a transaction settlement offer set comprising a plurality of selectable offers to the user based on at least one decision made by the rules based engine. The server is further configured to seek additional benefits for the party to the transaction, such as offering enhanced payment options beyond those deemed agreeable to the user. Enhanced payment options may be determined by various factors, including but not limited to information obtained with respect to the user such as available funds, creditworthiness, delinquency rates, and so forth. Depending on the amount agreed to by the user, the system seeks to enhance recovery above that amount, either in funds paid immediately or over time.

Claims

1. A system for settling a financial transaction, comprising:

a server configured to receive communications from a user, the server comprising;

a rules based engine including rules established on behalf of a party to the transaction, the rules based engine configured to process data and establish a transaction settlement offer set based on the rules established on behalf of the party to the transaction and selected available financial information;

wherein the transaction settlement offer set comprises multiple simultaneously presentable and individually selectable offers, each offer configured to provide an appearance of settling the transaction;

and further wherein the server is configured to receive information from the user, and selectively employ the information received from the user and certain selected available information to determine a further transaction settlement offer set comprising a further plurality of simultaneously presentable and individually selectable offers configured to encourage the user to agree to settle the transaction on terms more favorable to the party to the transaction.

2. The system of claim 1, wherein the further transaction settlement offer set is determined using rules provided by the party to the transaction that seek a goal for settling the transaction.

3. The system of claim 1, wherein the server is further configured to provide additional transaction settlement offer sets in response to and selectively based on:

responses received from the user;

certain selected available information; and

rules established on behalf of the party to the transaction.

4. The system of claim 1, wherein the server further comprises a parsing module configured to receive available financial information and parse information based on the rules established on behalf of the party to the transaction.

5. The system of claim 1, wherein the server further comprises a portfolio management module configured to manage a portfolio comprising a plurality of transactions based on actions taken by multiple users and aspects associated with the portfolio.

6. The system of claim 1, wherein the server provides information to the user enabling the user to enter transaction settlement information in response to the transaction settlement offer set provided by the server.

7. The system of claim 1, wherein the rules based engine relies on at least one dictionary employed to translate received information into information used within the server.

8. The system of claim 1, wherein the server further comprises a payment processing module configured to present the user with at least one payment option related to at least one offer in one transaction settlement offer set.

9. A system configured to settle a financial transaction between a debtor party and a party to the financial transaction, comprising:

a server comprising;

a rules engine configured to process available data regarding the financial transaction using rules established on behalf of the party to the financial transaction and establish a plurality of transaction settlement offer sets produced based on the rules established on behalf of the party to the transaction;

wherein each transaction settlement offer set comprises multiple simultaneously presentable and individually selectable offers, each offer resembling an offer to settle the transaction, and the server is further configured to provide at least one option enabling the debtor party to provide at least one debtor party settlement term in response to each transaction settlement offer settlement set;

and further wherein the server is configured to receive information from the debtor party, and selectively employ the information received from the debtor party and certain selected available information to form each transaction settlement offer set in a manner determined to encourage an average debtor party to settle the transaction on terms more favorable to the party to the transaction.

10. The system of claim 9, wherein the rules established on behalf of the party to the transaction comprise rules seeking a goal for settling the transaction.

11. The system of claim 9, wherein the server is configured to provide transaction settlement offer sets in response to and selectively based on:

responses received from the debtor party;

certain selected available financial information; and

rules established on behalf of the party to the transaction.

12. The system of claim 9, further comprising a parsing module configured to receive the available financial information and parse information based on the rules established on behalf of the party to the transaction.

13. The system of claim 9, further comprising a portfolio management module configured to manage a portfolio comprising a plurality of transactions based on actions taken by multiple debtor parties and aspects associated with the portfolio.

14. The system of claim 9, wherein the server is further configured to seek additional benefits for the party to the transaction comprising enhanced payment options beyond those deemed agreeable to the user determined by various factors according to the rules provided on behalf of the party to the transaction.

15. The system of claim 9, wherein the server further comprises a payment processing module configured to present the debtor party with at least one payment option related to at least one offer in the transaction settlement offer set.

16. A method of settling a financial transaction between a debtor entity and a creditor entity, comprising:

employing, at a server, a set of criteria provided by the creditor entity to establish a set of transaction settlement conditions;

establishing, at the server, a transaction settlement offer set based on the set of transaction settlement conditions, the transaction settlement offer set comprising multiple simultaneously presentable and individually selectable offers, each offer configured to appear to settle the transaction; and

providing, from the server, an option enabling the debtor party to provide at least one debtor party settlement term in response to the transaction settlement offer set; and

receiving, at the server, information from the debtor party, and selectively employing information received from the debtor party and certain selected available information to form each transaction settlement offer set in a manner determined to encourage an average debtor party to settle the transaction on terms more favorable to the creditor entity.

17. The method of claim 16, wherein the server is configured to communicate with a computing device comprising one from a group consisting of a personal digital assistant (PDA), smartphone, wireless telephone or other telephone, smart phone, tablet computing device, handheld PC, and digital camera.

18. The method of claim 16, further comprising seeking financial information pertinent to the debtor entity prior to the employing, and when the financial information is available, receiving the financial information at the server.

19. The method of claim 18, wherein the financial information received at the server is employed to establish the transaction settlement offer set.

20. The method of claim 16, wherein the financial transaction comprises a debt owed by the debtor entity.

21. The method of claim 16, wherein the server comprises a rules based engine configured to operate on information received based on rules provided on behalf of the creditor entity.

22. The method of claim 21, wherein the server further comprises:

a parsing module configured to receive information and parse information based on the rules established on behalf of the creditor entity; and

a portfolio management module configured to manage a portfolio comprising a plurality of transactions based on actions taken by multiple debtor entities and aspects associated with the portfolio.