Real-time financial card offer and application system
DCFirst Claim
1. An electronic method for locating financial card offers, comprising:
- (a) storing in at least one database financial card data for participating financial institutions, said financial card data comprising terms for at least one financial card offer from each of said participating financial institutions;
(b) providing selection criteria associated with said financial card data from each of said participating financial institutions associated with said financial card data from each of said participating financial institutions;
(c) prompting a computer user for application data for use in assigning a rating to said computer user to locate financial card offers for said computer user;
(d) receiving at a server said application data from said computer user;
(e) analyzing said application data provided by said computer user;
(f) assigning a rating to said computer user based on said analyzing of said application data;
(g) locating financial card offers for said computer user by comparing said rating of said computer user with said selection criteria of said financial card data for said participating financial institutions; and
(h) presenting to said computer user for review said financial card offers located for said computer user by comparing said rating of said computer user with said selection criteria of said financial card data for said participating financial institutions.
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Accused Products
Abstract
A system is disclosed for presenting financial card (e.g., credit card, debit card) offers to potential customers. Financial card applicant selection criteria and financial card term data are provided by participating financial institutions. An applicant interested in applying for a new financial card accesses the system via the Internet/World Wide Web. The applicant provides personal and financial data that are then analyzed in conjunction with data from outside sources (such as credit bureaus) to determine a financial risk rating for the applicant. The rating is used to locate financial card offers appropriate for the applicant. The applicant then peruses the offers and chooses one that meets his or her personal selection criteria. The applicant'"'"'s data is then forwarded for processing to the participating financial institution that made the selected offer.
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Citations
25 Claims
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1. An electronic method for locating financial card offers, comprising:
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(a) storing in at least one database financial card data for participating financial institutions, said financial card data comprising terms for at least one financial card offer from each of said participating financial institutions; (b) providing selection criteria associated with said financial card data from each of said participating financial institutions associated with said financial card data from each of said participating financial institutions; (c) prompting a computer user for application data for use in assigning a rating to said computer user to locate financial card offers for said computer user; (d) receiving at a server said application data from said computer user; (e) analyzing said application data provided by said computer user; (f) assigning a rating to said computer user based on said analyzing of said application data; (g) locating financial card offers for said computer user by comparing said rating of said computer user with said selection criteria of said financial card data for said participating financial institutions; and (h) presenting to said computer user for review said financial card offers located for said computer user by comparing said rating of said computer user with said selection criteria of said financial card data for said participating financial institutions. - View Dependent Claims (2, 3, 4, 5)
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6. A method for presenting electronic financial card offers on a public network comprising:
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creating a public network site on said public network, said site associated with an identifier for use by public network computer users to access said site; defining terms for financial cards, said financial cards terms provided by a plurality of financial institutions; associating selection criteria with each of said financial card terms provided by said plurality of financial institutions; storing said financial card terms and said associated selection criteria in a database; obtaining application data for a financial card applicant accessing said site using said identifier, said application data for use in providing a rating for said financial card applicant to locate offers for said applicant according to said selection criteria associated with said financial card terms provided by said plurality of financial institutions; receiving said application data at a server connected to said public network site; providing a rating for said financial card applicant, said rating provided in accordance with said application data for said financial card applicant; locating offers to present to said financial card applicant, by comparing said financial card applicant rating with said selection criteria associated with each of said financial card terms provided by said plurality of financial institutions; and presenting to said financial card applicant for review offers located for said applicant by comparing said financial card applicant rating with said selection criteria associated with each of said financial card terms provided by said plurality of financial institutions. - View Dependent Claims (7, 8, 9)
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10. A financial card offer system accessible via a public computer network comprising:
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a public computer network site at a server connected to said public network for communicating with a financial card applicant using a computer; at least one database in communication with said server for storing financial card data, said financial card data provided by a plurality of participating financial institutions and comprising selection criteria for at least one financial card offer; at least one device in communication with said server adapted to access data from third party sources; memory at said server for receiving and storing application data concerning said financial card applicant using said computer; memory at said server for storing a rating for said financial card applicant, said rating determined in accordance with said application data concerning said financial card applicant and said data from said third party sources; at least one financial card offer for said applicant, located from said database by said server by comparing said financial card applicant rating with said selection criteria for at least one financial card offer of said financial card data provided by said plurality of financial institutions; and a display at said computer for presenting to said applicant for review said financial card offer located for said applicant by comparing said financial card applicant rating with said selection criteria for at least one financial card offer of said financial card data provided by said plurality of financial institutions.
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11. An electronic financial offering system comprising:
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a first database for storing financial institution data comprising financial institution selection criteria and financial offering data for a plurality of participating financial institutions; a second database for storing credit history data for a plurality of individuals; and one or more servers connected to a public network adapted to; (a) obtain application data from an applicant using a computer connected to one of said servers using said public network; (b) enter said application data in memory at one of said servers; (c) obtain from said second database credit history data for said applicant in accordance with said application data; (d) enter said credit history data in memory at said one of said servers; (e) process said application data and said credit history data for said applicant to locate from said first database at least one financial offering for said applicant, said at least one financial offering meeting selection criteria for at least one of said plurality of participating financial institutions; and (f) present to said applicant for review at said applicant'"'"'s computer at least one financial offering located for said applicant according to said application data, said credit history data, and said selection criteria for at least one of said plurality of participating financial institutions. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18)
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19. A computerized method for presenting electronic financial offerings comprising:
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obtaining financial institution data comprising financial institution selection criteria and financial offering data for participating financial institutions, wherein said financial institution selection criteria comprises financial risk ratings associated with financial offerings; storing said financial institution data in a first database;
prompting an applicant using a computer for application data for use in assigning a financial risk rating to said applicant to locate financial offerings for said applicant;receiving at a server from said applicant computer said application data; obtaining from a second database credit history data for said applicant in accordance with said application data; assigning a financial risk rating to said applicant in accordance with said credit history data from said second database; selecting from said financial institution data for participating financial institutions financial offerings in accordance with said financial risk rating and said financial institution selection criteria for participating financial institutions; and presenting to said applicant at said computer for review selected financial offerings. - View Dependent Claims (20, 21, 22, 23, 24, 25)
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Specification