PERSISTENCE MECHANISM FOR FACILITATING ONLINE TRANSACTIONS
3 Assignments
0 Petitions
Accused Products
Abstract
An online system uses, in various embodiments of the invention, credit report information, loan affordability screening and credit approval and management functionality to facilitate the purchase and finance of products online. The online system may include both sellers of products and lenders that offer financing to buyers seeking to purchase the products. The system may automatically obtain a buyer'"'"'s credit report information and use that information to determine if the buyer is pre-approved, for example, to obtain financing for a particular product or products. The system also enables use of buyer credit information to identify only those of a seller'"'"'s products for which the buyer is pre-approved, for example, to finance using one or more loans. The system then enables selection of an identified product or products for purchase, and selection of a loan, for example, for financing of the selected product or products. Credit approval (or pre-approval) may be performed automatically, and along with credit processing, may be performed completely online.
8 Citations
54 Claims
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1-10. -10. (canceled)
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11. A method performed by a first server system of a first entity in support of online transactions, the method comprising:
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receiving first input from a computing device of a buyer, the first input initiating but not completing a transaction relating to one or more products; identifying the transaction as a pending transaction; storing information regarding the pending transaction; determining whether one or more predefined conditions has been met; if the one or more predefined conditions has been met, sending an electronic communication to the buyer reminding the buyer regarding the pending transaction; receiving second input from a computing device of the buyer, the second input comprising an interaction via the electronic communication; and responsive to the second input, delivering or supporting delivery of a web page reestablishing the pending transaction to the computing device of the buyer corresponding to the received second input. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A method performed by a first server system of a first entity in support of online transactions, the method comprising:
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receiving first input from a computing device of a buyer, the first input initiating but not completing a transaction relating to one or more products; identifying the transaction as a pending transaction; storing information regarding the pending transaction; determining whether one or more predefined conditions has been met; if the one or more predefined conditions has been met, sending an electronic communication to the buyer reminding the buyer regarding the pending transaction; receiving second input from a computing device of the buyer, the second input comprising an interaction via the electronic communication; and wherein, responsive to the second input, a web page is delivered to the computing device of the buyer corresponding to the received second input, the web page reestablishing the pending transaction. - View Dependent Claims (34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54)
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Specification