SYSTEMS AND METHODS FOR BILL PAYMENT WITH DYNAMIC LOAN CAPACITY

• US 20170270603A1
• Filed: 03/16/2016
• Published: 09/21/2017
• Est. Priority Date: 03/16/2016
• Status: Active Grant

• Current Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Berta, Cecile, Esmail, Mehdi, Gupta, Manish, Luciano, Malerie, Motaharian, Houman, Ricciardi, Art, Sarin, Aparna, Sussman, Brett, Valdes, Fernando
• Granted Patent: US 10,643,277 B2
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system may detect an outstanding account of a borrower having an outstanding amount. The system may also display a loan-request interface associated with the outstanding account with the loan-request interface activated in response to the outstanding amount being within the dynamically calculated loan capacity. The system may receive an input via the loan-request interface to request a loan based on the outstanding amount. A request for the loan may be transmitted in response to the input.

Claims

1. A method comprising:

detecting, by a computer-based system, an outstanding account of a borrower, the outstanding account having an outstanding amount;

displaying, by the computer-based system, a loan-request interface associated with the outstanding account, wherein the loan-request interface is activated in response to the outstanding amount being within a dynamically calculated loan capacity;

receiving, by the computer-based system, an input via the loan-request interface to request a loan based on the outstanding amount; and

transmitting, by the computer-based system, a request for the loan in response to the input.

2. The method of claim 1, wherein the outstanding account of the borrower comprises at least one of an account receivable, and invoice, or a bill owed to a vendor.

3. The method of claim 2, wherein proceeds of the loan are disbursed to the vendor in response to the request for the loan.

4. The method of claim 1, wherein the detecting the outstanding account further comprises transmitting, by the computer-based system, an API request to a financial institution to identify the outstanding account.

5. The method of claim 1, wherein the loan-request interface and the outstanding account are displayed on at least one of a web site or an application.

6. The method of claim 5, wherein the web site or the application are configured to provide at least one of an accounting interface, an enterprise resource planning interface, or an ecommerce interface.

7. The method of claim 1, wherein the outstanding account of the borrower comprises an account receivable.

8. A method comprising:

determining in real-time, by a computer-based system, a dynamically calculated loan capacity of a borrower;

identifying, by the computer-based system, an account having an outstanding amount within the dynamically calculated loan capacity, wherein the outstanding amount is owed to a vendor;

receiving, by the computer-based system, a request to issue a loan based on the outstanding amount;

verifying, by the computer-based system, the vendor; and

disbursing, by the computer-based system, the loan directly to the vendor.

9. The method of claim 8, wherein the loan is disbursed directly to the vendor via at least one of an ACH transfer or a wire transfer.

10. The method of claim 9, wherein the loan is disbursed with a borrower identifier to indicate that the loan originated from the borrower.

11. The method of claim 8, further comprising retrieving, by the computer-based system, an exposure appetite for the borrower at which probability of default reaches a predetermined percentage.

12. The method of claim 11, further comprising modifying, by the computer-based system, the exposure appetite based on an authorization control to determine the dynamically calculated loan capacity.

13. The method of claim 8, wherein the identifying the account having the outstanding amount further comprises:

receiving, by the computer-based system, an API request to evaluate the account having the outstanding amount; and

determining, by the computer-based system, that the outstanding amount is within the dynamically calculated loan capacity.

14. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a processor, cause the processor to perform operations comprising:

detecting, by the processor, an outstanding account of a borrower, the outstanding account having an outstanding amount;

displaying, by the processor, a loan-request interface associated with the outstanding account, wherein the loan-request interface is activated in response to the outstanding amount being within a dynamically calculated loan capacity;

receiving, by the processor, an input via the loan-request interface to request a loan based on the outstanding amount; and

transmitting, by the processor, a request for the loan in response to the input.

15. The article of claim 14, wherein the outstanding account of the borrower comprises at least one of an account receivable, and invoice, or a bill owed to a vendor.

16. The article of claim 15, wherein proceeds of the loan are disbursed to the vendor in response to the request for the loan.

17. The article of claim 14, wherein the detecting the outstanding account further comprises transmitting, by the processor, an API request to a financial institution to identify the outstanding account.

18. The article of claim 14, wherein the loan-request interface and the outstanding account are displayed on at least one of a web site or an application.

19. The article of claim 18, wherein the web site or the application are configured to provide at least one of an accounting interface, an enterprise resource planning interface, or an ecommerce interface.

20. The article of claim 14, wherein the outstanding account of the borrower comprises an account receivable.