Interactive online funding method and system thereof

• US 8,386,365 B2
• Filed: 11/29/2007
• Issued: 02/26/2013
• Est. Priority Date: 03/16/2007
• Status: Active Grant

• Current Assignee: Shacom.com Inc
• Original Assignee: Shacom.com Inc
• Inventors: Chien, Yung-Sung
• Primary Examiner(s): Kazimi, Hani M
• Assistant Examiner(s): GOODBODY, JOAN T
• Application Number:
  US11/947,744
• Publication Number:
  US 20080228624A1
• Time in Patent Office: 1,916 Days
• Field of Search: 705/35
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An interactive online funding method includes providing an interactive online funding platform, offering an interactive funding activity for a user to participate in the interactive online funding platform, by placing a bid, and comparing the bid price of the user with a threshold price set by the interactive online funding platform. When the bid price is greater than or equal to the threshold price, the method further includes utilizing the interactive online funding platform to perform settlement and liquidation to remit a loan amount to the user according to at least the bid price; when the bid price is lower than the threshold price, the method further includes utilizing the interactive online funding platform to perform settlement and liquidation to receive a deposit amount from the user according to the bid price.

Claims

1. An interactive online funding method, comprising:

(A) a management server receiving a bid price placed by a user;

(B) the management server determining a threshold price according to at least one of a funding supply, needs of funding, and a difference between a long-term interest rate and a short-term interest rate;

(C) the management server determining whether to allow the bid price according to the threshold price and a credit amount of the user;

(D) the management server determining the user to be a lender when the bid price is not larger than the threshold price and when the credit amount is successfully verified;

(E) the management server determining a deposit amount of the user according to the bid price; and

determining a total amount obtained by a winner winning a bid at the current term according to the contribution amount, a value of the number of total terms, a bid price given by the winner at the current term,

wherein determining the total amount obtained by the winner at the current term comprises;

determining the total amount at an n-th term according to

An=(U−

1n)×

((N−

n)+(U×

(n−

1));

wherein An represents the total amount obtained by the winner at the n-th term of bidding, U represents the contribution amount, N represents the value of the number of terms, and ln represents the bid price given by the winner at the n-th term.

2. The interactive online funding method of claim 1, further comprising:

(F) the management server determining the user to be a borrower when the bid price is larger than the threshold price and when the credit amount is successively verified; and

(G) the management server determining a loan amount remitted for the user according to a number of terms, the bid price, and a contribution amount for each term.

3. The interactive online funding method of claim 1 wherein the step (C) comprises:

(C1) the management server allowing the bid price when the credit amount is successively verified and when the bid price is larger than the threshold price.

4. The interactive online funding method of claim 1 where the step (c) comprises:

(C2) the management server declining the bid price when the credit amount is not successively verified or when the bid price is smaller than the threshold price.

5. The interactive online funding method of claim 1 further comprising:

the management server receiving at least one of a value of the number of terms and the contribution amount for each term from the user.

6. The interactive online funding method of claim 1 further comprising:

defining an upper bound and a lower bound of the bid price; and

setting a value of the number of terms and the contribution amount of each term.

7. An interactive online funding system, comprising:

a management server for receiving a bid price placed by a user, configured to determine a threshold price according to at least one of a funding supply, needs of funding, and differences between a long-term interest rate and a short-term interest rate;

configured to determine whether to allow the bid price according to the threshold price and a credit amount of the user; and

configured to determine the user to be a lender when the bid price is not larger than the threshold price and when the credit amount is successively verified, and the management server determining a deposit amount of the user according to the bid price;

a member information database coupled to the management server for storing member information generated through exchanging messages between a user and the management server;

an interactive funding database coupled to the management server for storing data of interactive funding activities and verification information between the user and the management server;

a cash flow calculation database is coupled to the management server for storing a cash flow of the loan amount and the deposit amount settled by the management server according to an interest rate of the bid price; and

a settlement and liquidation database is coupled to the management server for storing data of settlement and liquidation executed by the management server,

wherein the management server is configured to determine a total amount obtained by a winner winning a bid at the current term according to the contribution amount, a value of the number of total terms, and a bid price given by the winner at the current term,

wherein the total amount at an n-th term is determined by the management server according to

An=(U−

1n)×

((N−

n)+(U×

(n−

1)); and

wherein An represents the total amount obtained by the winner at the n-th term of bidding, U represents the contribution amount, N represents the value of the number of terms, and In represents the bid price given by the winner at the n-th term.

8. The interactive online funding system of claim 7, wherein the management server is further configured to determine the user to be a borrower when the bid price is larger than the threshold price and when the credit amount is successively verified, and is configured to determine a loan amount remitted for the user according to a number of terms, the bid price, and a contribution amount for each term.

9. The interactive online funding system of claim 7 wherein the management server is configured to allow the bid price when the outcome of verifying the credit amount is true and when the bid price is larger than the threshold price.

10. The interactive online funding system of claim 7 wherein the management server is configured to decline the bid price when the credit amount is not successively verified or when the bid price is smaller than the threshold price.

11. The interactive online funding system of claim 7 wherein the management server is configured to receive at least one of a value of the number of terms and the contribution amount for each term from the user.

12. The interactive online funding system of claim 7 wherein the management server is configured to define an upper bound and a lower bound of the bid price and is configured to set a value of the number of terms and the contribution amount of each term.

13. An interactive online funding method, comprising:

(A) a management server receiving a bid price placed by a user;

(B) the management server determining a threshold price according to at least one of a funding supply, needs of funding, and a difference between a long-term interest rate and a short-term interest rate;

(C) the management server determining whether to allow the bid price according to the threshold price and a credit amount of the user;

(D) the management server determining the user to be a lender when the bid price is not larger than the threshold price and when the credit amount is successfully verified;

(E) the management server determining a deposit amount of the user according to the bid price; and

determining a total amount obtained by a winner winning a bid at the current term according to the contribution amount, a value of the number of total terms, a sum of bid prices given by winners of previous terms,

wherein determining the total amount obtained by the winner at the current term comprises;

determining the total amount at an n-th term according to

14. The interactive online funding method of claim 13, further comprising:

(F) the management server determining the user to be a borrower when the bid price is larger than the threshold price and when the credit amount is successively verified; and

(G) the management server determining a loan amount remitted for the user according to a number of terms, the bid price, and a contribution amount for each term.

15. The interactive online funding method of claim 13 wherein the step (C) comprises:

(C1) the management server allowing the bid price when the credit amount is successively verified and when the bid price is larger than the threshold price.

16. The interactive online funding method of claim 13 where the step (c) comprises:

(C2) the management server declining the bid price when the credit amount is not successively verified or when the bid price is smaller than the threshold price.

17. The interactive online funding method of claim 13 further comprising:

the management server receiving at least one of a value of the number of terms and the contribution amount for each term from the user.

18. The interactive online funding method of claim 13 further comprising:

defining an upper bound and a lower bound of the bid price; and

setting a value of the number of terms and the contribution amount of each term.

19. An interactive online funding system, comprising:

a management server for receiving a bid price placed by a user, configured to determine a threshold price according to at least one of a funding supply, needs of funding, and differences between a long-term interest rate and a short-term interest rate;

configured to determine whether to allow the bid price according to the threshold price and a credit amount of the user; and

configured to determine the user to be a lender when the bid price is not larger than the threshold price and when the credit amount is successively verified, and the management server determining a deposit amount of the user according to the bid price;

a member information database coupled to the management server for storing member information generated through exchanging messages between a user and the management server;

an interactive funding database coupled to the management server for storing data of interactive funding activities and verification information between the user and the management server;

a cash flow calculation database is coupled to the management server for storing a cash flow of the loan amount and the deposit amount settled by the management server according to an interest rate of the bid price; and

a settlement and liquidation database is coupled to the management server for storing data of settlement and liquidation executed by the management server,

wherein the management server is configured to determine a total amount obtained by a winner winning a bid at the current term according to the contribution amount, a value of the number of total terms, a sum of bid prices given by winners at previous terms,

wherein the total amount at an n-th term is determined by the management server according to

20. The interactive online funding system of claim 19, wherein the management server is further configured to determine the user to be a borrower when the bid price is larger than the threshold price and when the credit amount is successively verified, and is configured to determine a loan amount remitted for the user according to a number of terms, the bid price, and a contribution amount for each term.

21. The interactive online funding system of claim 19 wherein the management server is configured to allow the bid price when the outcome of verifying the credit amount is true and when the bid price is larger than the threshold price.

22. The interactive online funding system of claim 19 wherein the management server is configured to decline the bid price when the credit amount is not successively verified or when the bid price is smaller than the threshold price.

23. The interactive online funding system of claim 19 wherein the management server is configured to receive at least one of a value of the number of terms and the contribution amount for each term from the user.

24. The interactive online funding system of claim 19 wherein the management server is configured to define an upper bound and a lower bound of the bid price and is configured to set a value of the number of terms and the contribution amount of each term.