SYSTEM FOR COLLECTORLESS COLLECTIONS
First Claim
Patent Images
1. A system for collection, comprising:
- a processor configured to;
determine that a collector is willing to assume a financial obligation for a collectee;
determine whether the collectee has funds to repay the obligation at a financial institution;
in the event that the collectee has funds to repay the obligation at the financial institution, transfer the funds from the financial institution associated with the collector for repayment of the financial obligation; and
a memory coupled to the processor and configured to provide the processor with instructions.
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Accused Products
Abstract
A system for collection comprises a processor and a memory. The processor is configured to determine that a collector is willing to assume a financial obligation for a collectee and to determine whether the collectee has funds to repay the obligation at a financial institution. The processor is further configured to transfer the funds from the financial institution associated with the collector for repayment of the financial obligation in the event that the collectee has funds to repay the obligation at the financial institution. A memory coupled to the processor and configured to provide the processor with instructions.
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Citations
19 Claims
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1. A system for collection, comprising:
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a processor configured to; determine that a collector is willing to assume a financial obligation for a collectee; determine whether the collectee has funds to repay the obligation at a financial institution; in the event that the collectee has funds to repay the obligation at the financial institution, transfer the funds from the financial institution associated with the collector for repayment of the financial obligation; and a memory coupled to the processor and configured to provide the processor with instructions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A method for collection, comprising:
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determining that a collector is willing to assume a financial obligation for a collectee; determining whether the collectee has funds to repay the obligation at a financial institution; in the event that the collectee has funds to repay the obligation at the financial institution, transferring the funds from the financial institution associated with the collector for repayment of the financial obligation; and
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19. A computer program product for collection, the computer program product being embodied in a computer readable storage medium and comprising computer instructions for:
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determining that a collector is willing to assume a financial obligation for a collectee; determining whether the collectee has funds to repay the obligation at a financial institution; in the event that the collectee has funds to repay the obligation at the financial institution, transferring the funds from the financial institution associated with the collector for repayment of the financial obligation.
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Specification