CONDITIONALLY PERMITTING ACCESS OF TRACKED GEOSPATIAL LOCATION DATA OF A VEHICLE OF A BORROWER BY A LENDING INSTITUTION

• US 20140052605A1
• Filed: 08/14/2012
• Published: 02/20/2014
• Est. Priority Date: 08/14/2012
• Status: Abandoned Application

• Current Assignee: Spireon Incorporated (Solera Holdings Incorporated)
• Original Assignee: Spireon Incorporated (Solera Holdings Incorporated)
• Inventors: Beerle, Tom, Boling, Brian, Jarvis, Bradley S.
• Application Number:
  US13/584,848
• Publication Number:
  US 20140052605A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 10/0833 Tracking

Abstract

A method includes receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed in the vehicle. The vehicle is associated with a borrower in a loan agreement or a lease agreement with a lending institution. The method also includes permitting a financial entity server associated with the lending institution access to the geospatial location data at the tracking server upon the vehicle exceeding one or more threshold parameter(s) related to the geospatial location data stored thereat and/or the borrower exceeding a threshold parameter related to the loan agreement or the lease agreement stored at the financial entity server.

Claims

1. A method comprising:

receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed in the vehicle, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution; and

permitting a financial entity server associated with the lending institution access to the geospatial location data at the tracking server upon at least one of;

the vehicle exceeding at least one threshold parameter related to the geospatial location data stored thereat and the borrower exceeding a threshold parameter related to the one of the loan agreement and the lease agreement stored at the financial entity server.

2. The method of claim 1, further comprising risk profiling, at the tracking server, the borrower based on the received geospatial location data.

3. The method of claim 1, further comprising receiving, through the tracking server, an alert relating to confiscating the vehicle based on the access of the geospatial location data by the financial entity server.

4. The method of claim 1, wherein at least one of:

the tracking server and the financial entity server are configured to communicate through a computer network, and

the threshold parameter related to the one of the loan agreement and the lease agreement is a threshold parameter of default associated with payments related to the one of the loan agreement and the lease agreement.

5. The method of claim 2, wherein the risk profiling at the tracking server incorporates tampering with a data collection device including the transmitter installed in the vehicle.

6. The method of claim 2, wherein the risk profiling at the tracking server further comprises forwarding the geospatial location data of the vehicle to another server for analysis thereat.

7. The method of claim 1, comprising receiving the geospatial location data of the vehicle at the tracking server on a periodic basis.

8. A method comprising:

acquiring, through a data collection device including a processor communicatively coupled to a memory, geospatial location data of a vehicle at various points in time, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution;

transmitting the geospatial location data to a collection server upon at least one of;

the vehicle exceeding at least one threshold parameter related to the geospatial location data stored at the data collection device and the borrower exceeding a threshold parameter related to the one of the loan agreement and the lease agreement stored at a financial entity server associated with the lending institution; and

enabling, through the collection server, access to the geospatial location data by the financial entity server associated with the lending institution.

9. The method of claim 8, further comprising profiling, at the data collection device, the borrower based on the acquired geospatial location data.

10. The method of claim 8, further comprising receiving, through the collection server, an alert relating to confiscating the vehicle based on the access of the geospatial location data by the financial entity server.

11. The method of claim 8, wherein at least one of:

the collection server and the financial entity server are configured to communicate through a computer network, and

the threshold parameter related to the one of the loan agreement and the lease agreement is a threshold parameter of default associated with payments related to the one of the loan agreement and the lease agreement.

12. The method of claim 9, wherein the profiling at the data collection device incorporates tampering with the data collection device.

13. The method of claim 9, wherein the profiling at the data collection device further comprises forwarding the geospatial location data of the vehicle to another server for analysis thereat.

14. The method of claim 8, comprising acquiring the geospatial location data of the vehicle at the data collection device on a periodic basis.

15. A system comprising:

a vehicle including a transmitter installed therein to transmit geospatial location thereof at various points in time, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution; and

a tracking server to;

receive the geospatial location data of the vehicle, and

permit a financial entity server associated with the lending institution access to the geospatial location data upon at least one of;

the vehicle exceeding at least one threshold parameter related to the geospatial location data stored thereat and the borrower exceeding a threshold parameter related to the one of the loan agreement and the lease agreement stored at the financial entity server.

16. The system of claim 15, wherein the tracking server is further configured to profile the borrower based on the received geospatial location data.

17. The system of claim 15, wherein the tracking server is further configured to receive an alert relating to confiscating the vehicle based on the access of the geospatial location data by the financial entity server.

18. The system of claim 15, wherein at least one of:

the tracking server and the financial entity server are communicatively coupled through a computer network, and

the threshold parameter related to the one of the loan agreement and the lease agreement is a threshold parameter of default associated with payments related to the one of the loan agreement and the lease agreement.

19. The system of claim 16, wherein the tracking server incorporates tampering with a data collection device including the transmitter installed in the vehicle by the borrower in the profiling of the borrower.

20. The system of claim 16, wherein the tracking server is further configured to forward the geospatial location data of the vehicle to another server for analysis thereat in order to profile the borrower.