FINANCING SYSTEMS INTEGRATION
First Claim
1. A system comprising:
- a financing partner;
a store;
an integrated financing integration (FSI) engine configured to;
transmit a request for a financing product along with loan application information to the financing partner,receive an approval communication from the financing partner,complete a financial transaction with the store wherein the transaction exchanges a right in an item offered for sale by the store secured by the approved financing product, andnotify the financing partner of the transaction amount and item purchased with the approved financing product.
1 Assignment
0 Petitions
Accused Products
Abstract
The present technology pertains to receiving loan applications, collecting loan applications and sending loan applications to financial partners, receiving loan approvals, identifying customers based on loan application identification numbers, fulfilling property transfer orders using approved loans, and receiving payment from financial partners upon fulfillment. An integrated financing and property transfer management platform for receiving loan requests, routing loan requests, receiving login requests using loan identifiers, processing the transfer of property rights, fulfilling property rights transfers, and receiving payment from financial institutions. Programming interfaces for integrating financial institutions with a property transfer management platform. User interfaces for requesting loans and fulfilling property rights transfers using loans.
34 Citations
34 Claims
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1. A system comprising:
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a financing partner; a store; an integrated financing integration (FSI) engine configured to; transmit a request for a financing product along with loan application information to the financing partner, receive an approval communication from the financing partner, complete a financial transaction with the store wherein the transaction exchanges a right in an item offered for sale by the store secured by the approved financing product, and notify the financing partner of the transaction amount and item purchased with the approved financing product. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method comprising:
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receiving from a financial institution a loan approval communication including a loan number, a loan amount, and a loan application identifier; receiving from a client device a purchase request for an item in a store and the loan number as payment for the item. - View Dependent Claims (15, 16, 17, 18, 19)
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20. A method of conducting finance transactions on an integrated finance platform comprising:
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collecting loan information, in connection with the transfer of a property right, from a customer; providing the loan information to a financial institution for loan approval; receiving from the financial institution, a loan approval, an application identifier, an approved loan amount, and a customer identification; identifying the customer using the customer identification; approving the transfer of the property right to the customer upon receiving the loan approval; fulfilling the transfer of the property right; and receiving payment from the financial institution upon fulfillment of the transfer of the property right to the customer. - View Dependent Claims (21, 22)
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23. A system comprising:
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a financing institution; a business-to-business (B2B) sales partner; an integration platform comprising an integrated financing integration (FSI) engine and an intermediary application tool, wherein the intermediary application tool is configured to; present the B2B sales partner with financing products; obtain the B2B sales partner'"'"'s financing product selections; generate a financing application form for the B2B sales partner; transmit a request for financing along with the application form to the financing institution; receive an approval communication from the financing institution along with financing terms; transmit the approval communication and financing terms to the B2B sales partner; and receive the B2B sales partner'"'"'s approval of the financing terms; and wherein the FSI engine is configured to; complete a financial transaction with the sales partner wherein the transaction exchanges a right in an item offered for sale by the sales partner secured by an approved financing product, and notify the financing institution of the transaction amount and item purchased with the approved financing. - View Dependent Claims (24, 25, 26, 27, 28)
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29. A computer-readable medium configured for performing the method of:
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receiving from a financial institution a loan approval communication including a loan number, a loan amount, and a loan application identifier; receiving from a client device a purchase request for an item in an online store and the loan number as payment for the item. - View Dependent Claims (30, 31, 32, 33, 34)
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Specification