ALERT GENERATION BASED ON A GEOGRAPHIC TRANSGRESSION OF A VEHICLE
First Claim
Patent Images
1. A method comprising:
- associating a geospatial boundary area with a vehicle currently having a security interest;
determining that the vehicle currently having the security interest has transgressed the geospatial boundary area; and
generating an alert communication to a party having the security interest in the vehicle based on the transgression.
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Abstract
A method of associating a geospatial boundary area with a vehicle currently having a security interest, determining that the vehicle currently having the security interest has transgressed the geospatial boundary area, and generating an alert communication to a party having the security interest in the vehicle based on the transgression is disclosed. Also disclosed is the comparison of geo spatial data received from a transmitter installed within the vehicle with a predetermined event specified by a lender or provider and dynamically generated using the geospatial data, to make a determination of a predictive indicator of default, delinquency, or loss of value of an asset.
35 Citations
19 Claims
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1. A method comprising:
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associating a geospatial boundary area with a vehicle currently having a security interest; determining that the vehicle currently having the security interest has transgressed the geospatial boundary area; and generating an alert communication to a party having the security interest in the vehicle based on the transgression. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of geospatial data based notification of an event affecting a collateral comprising:
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permitting a lender access to geospatial data associated with the collateral through a transmitter installed within the collateral; establishing a data link from a base terminal communicatively coupled to the transmitter such that geo spatial data associated with the collateral is transmitted from the transmitter to the base terminal via the data link; determining a location of the collateral based on geospatial data received from the transmitter via the data link; comparing geospatial data received from the transmitter to the event; generating an alert communication when geospatial data received from the transmitter matches the event; and notifying the lender when geospatial data received from the transmitter matches the event. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
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16. A computer readable media including program instructions which when executed by a processor cause the processor to perform at least one of:
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establishing a data link from a base terminal to a transmitter installed within the collateral such that geospatial data associated with the collateral is capable of being transmitted from the transmitter to the base terminal via the data link upon interrogation of the transmitter by the base terminal; generating geospatial data associated with the collateral from the transmitter installed within the collateral by interrogation of the transmitter by the base terminal via the data link; receiving geospatial data associated with the collateral from the transmitter installed within the collateral via the data link; determining whether geo spatial data received from the transmitter matches an event specified by at least one of a lender and a provider; and notifying the lender when geospatial data received from the transmitter matches the event. - View Dependent Claims (17, 18, 19)
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Specification