ALERT GENERATION BASED ON A GEOGRAPHIC TRANSGRESSION OF A VEHICLE ASSOCIATED WITH A COLLATERAL
First Claim
Patent Images
1. A method comprising:
- associating a geospatial boundary area with a vehicle;
determining that the vehicle has transgressed the geospatial boundary area; and
generating an alert communication to a party having a security interest in at least one of the vehicle and an ancillary asset based on a transgression.
5 Assignments
0 Petitions
Accused Products
Abstract
A method of associating a geospatial boundary area with a vehicle, determining that the vehicle has transgressed the geospatial boundary area, and generating an alert communication to a party having a security interest in at least one of the vehicle and an ancillary collateral based on the transgression is disclosed. Also disclosed is the comparison of geospatial 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.
40 Citations
20 Claims
-
1. A method comprising:
-
associating a geospatial boundary area with a vehicle; determining that the vehicle has transgressed the geospatial boundary area; and generating an alert communication to a party having a security interest in at least one of the vehicle and an ancillary asset based on a transgression. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. A method of geospatial data based notification of an event affecting a vehicle comprising:
-
permitting a party access to geospatial data associated with a vehicle through a transmitter installed within the vehicle; wherein the party is an agent of an entity that possesses a security interest in at least one of the vehicle as a vehicular collateral of a borrower and an ancillary asset as an ancillary collateral of the borrower; establishing a data link from a base terminal communicatively coupled to the transmitter such that geo spatial data associated with the vehicle is transmitted from the transmitter to the base terminal via the data link; determining a location of the vehicle based on geo spatial 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 party when geospatial data received from the transmitter matches the event. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16)
-
-
17. A computer readable media including program instructions which when executed by a processor cause the processor to perform at least one of:
-
establishing a data link from a base terminal to a transmitter installed within the vehicle such that geospatial data associated with the vehicle 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 vehicle from the transmitter installed within the vehicle by interrogation of the transmitter by the base terminal via the data link; receiving geospatial data associated with the vehicle from the transmitter installed within the vehicle 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 (18, 19, 20)
-
Specification