IDENTITY VALIDATION FOR FINANCIAL TRANSACTIONS

• US 20110208639A1
• Filed: 05/02/2011
• Published: 08/25/2011
• Est. Priority Date: 03/04/2009
• Status: Abandoned Application

• Current Assignee: United Parcel Service Of America Incorporated (United Parcel Service Incorporated)
• Original Assignee: United Parcel Service Of America Incorporated (United Parcel Service Incorporated)
• Inventors: Peterson, Erik, Kadaba, Nagesh
• Application Number:
  US13/098,682
• Publication Number:
  US 20110208639A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Systems and methods for validating a party'"'"'s identity for facilitating peer-to-peer loan transactions are provided. Drivers of a fleet of parcel delivery vehicles associated with a particular common carrier are used to collect information validating a party'"'"'s identity. As part of a scheduled parcel delivery, or as an independent stop specifically for identity validation, a driver visits an address associated with a party (e.g., a consignor or consignee) and confirms the party'"'"'s association with the address, such as by visually inspecting the party'"'"'s driver'"'"'s license or other identifying document. Information regarding the party'"'"'s association is provided to a system accessible by a peer-to-peer lending facilitator. Input from the drivers relating to the association may be transmitted to a server via the driver'"'"'s handheld device. The information can be used by the peer-to-peer lending facilitator to determine a level of risk associated with entering into a loan transaction with the party.

Claims

1. A method for collecting residence information, the method comprising:

electronically receiving a request from a third-party to collect residence information associated with an address, wherein the residence information is to be collected as part of an in-person visit to the address;

electronically identifying a delivery route corresponding to the address;

electronically incorporating the address to the delivery route;

transmitting the delivery route comprising the incorporated address to a delivery driver'"'"'s computing device, wherein the delivery driver is scheduled to drive the delivery route;

electronically receiving the residence information associated with the address, the residence information collected from an in-person visit to the address by the delivery driver;

and electronically providing the residence information to the third-party.

2. The method of claim 1, wherein the residence information is for a peer-to-peer loan transaction.

3. The method of claim 1, wherein the delivery driver'"'"'s computing device is a handheld device.

4. The method of claim 1 further comprising electronically providing visual instructions to the delivery driver to visit the address.

5. The method of claim 1, wherein collecting the residence information further comprises delivering an item to the address.

6. The method of claim 1, wherein the residence information is input into the delivery driver'"'"'s computing device by the delivery driver.

7. An apparatus comprising at least one processor and at least one memory including computer program code, the at least one memory and the computer program code configured to, with the processor, cause the apparatus to at least:

receive a request from a third-party to collect residence information associated with an address, wherein the residence information is to be collected as part of an in-person visit to the address;

identify a delivery route corresponding to the address;

incorporate the address to the delivery route;

transmit the delivery route comprising the incorporated address to a delivery driver'"'"'s computing device, wherein the delivery driver is scheduled to drive the delivery route;

receive the residence information associated with the address, the residence information collected from an in-person visit to the address by the delivery driver; and

provide the residence information to the third-party.

8. The apparatus of claim 7, wherein the residence information is for a peer-to-peer loan transaction.

9. The apparatus of claim 7, wherein the delivery driver'"'"'s computing device is a handheld device.

10. The apparatus of claim 7, wherein the memory and computer program code are further configured to, with the processor, cause the apparatus to provide visual instructions to the delivery driver to visit the address.

11. The apparatus of claim 7, wherein collecting the residence information further comprises delivering an item to the address.

12. The apparatus of claim 7, wherein the residence information is input into the delivery driver'"'"'s computing device by the delivery driver.

13. A computer program product for collecting residence information, the computer program product comprising at least one computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising:

an executable portion configured to receive a request from a third-party to collect residence information associated with an address, wherein the residence information is to be collected as part of an in-person visit to the address;

an executable portion configured to identify a delivery route corresponding to the address;

an executable portion configured to incorporate the address to the delivery route;

an executable portion configured to transmit the delivery route comprising the incorporated address to a delivery driver'"'"'s computing device, wherein the delivery driver is scheduled to drive the delivery route;

an executable portion configured to receive the residence information associated with the address, the residence information collected from an in-person visit to the address by the delivery driver; and

an executable portion configured to provide the residence information to the third- party.

14. The computer program product of claim 13, wherein the residence information is for a peer-to-peer loan transaction.

15. The computer program product of claim 13, wherein the delivery driver'"'"'s computing device is a handheld device.

16. The computer program product of claim 13 further comprising an executable portion configured to provide visual instructions to the delivery driver to visit the address.

17. The computer program product of claim 13, wherein collecting the residence information further comprises delivering an item to the address.

18. The computer program product of claim 13, wherein the residence information is input into the delivery driver'"'"'s computing device by the delivery driver.