System for resolving transactions
First Claim
1. An apparatus for resolving a debt transaction, the debt transaction representing an amount of money owed by a debtor to a creditor, the apparatus comprising:
- a server arrangement comprising;
means for contacting the debtor by transmitting a communication to the debtor using one of a number of available communication channels, wherein the communication invites the debtor to contact the server arrangement for the purpose of attempting to resolve the debt transaction;
a credit information seeking module configured to obtain debtor debt account information from a financial information source other than the server arrangement and the debtor in response to the debtor contacting the server arrangement;
a rules based decision module configured to employ only extracted data identified as pertinent from obtained debtor debt account information, the extracted data extracted in accordance with rules established by the creditor available to the rules based decision module, and analyze the extracted data in order to determine a potential resolution strategy for the debt transaction comprising a plurality of individualized transaction settlement offers based on creditworthiness of the debtor, wherein credit worthiness of the debtor comprises a calculated ability for the debtor to repay at least a portion of the debt transaction based on the extracted data identified as pertinent; and
a memory configured to maintain information related to the debt transaction and the rules employed by the rules based decision module;
wherein the server arrangement is configured to provide the debtor with the plurality of individualized transaction settlement offers, and the server arrangement is further configured to attempt to obtain agreement from the debtor to settle the debt transaction based on the plurality of individualized transaction settlement offers and process at least a portion of a payment by the debtor in settlement of the debt transaction.
5 Assignments
0 Petitions
Accused Products
Abstract
An apparatus for resolving a debt transaction is provided. The apparatus includes a server having means for contacting the debtor by transmitting a communication to the debtor using one of a number of available communication channels, a credit information seeking module configured to obtain information from a financial information source other than the server and the debtor, and a rules based decision module configured to analyze information to determine a potential resolution strategy for the debt transaction comprising a transaction settlement offer based on creditworthiness of the debtor based on rules established by the creditor. The server is configured to provide the debtor with the transaction settlement offer, and to attempt to obtain agreement from the debtor to settle the debt transaction based on the at least one transaction settlement offer, and process at least a portion of a payment.
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Citations
26 Claims
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1. An apparatus for resolving a debt transaction, the debt transaction representing an amount of money owed by a debtor to a creditor, the apparatus comprising:
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a server arrangement comprising; means for contacting the debtor by transmitting a communication to the debtor using one of a number of available communication channels, wherein the communication invites the debtor to contact the server arrangement for the purpose of attempting to resolve the debt transaction; a credit information seeking module configured to obtain debtor debt account information from a financial information source other than the server arrangement and the debtor in response to the debtor contacting the server arrangement; a rules based decision module configured to employ only extracted data identified as pertinent from obtained debtor debt account information, the extracted data extracted in accordance with rules established by the creditor available to the rules based decision module, and analyze the extracted data in order to determine a potential resolution strategy for the debt transaction comprising a plurality of individualized transaction settlement offers based on creditworthiness of the debtor, wherein credit worthiness of the debtor comprises a calculated ability for the debtor to repay at least a portion of the debt transaction based on the extracted data identified as pertinent; and a memory configured to maintain information related to the debt transaction and the rules employed by the rules based decision module; wherein the server arrangement is configured to provide the debtor with the plurality of individualized transaction settlement offers, and the server arrangement is further configured to attempt to obtain agreement from the debtor to settle the debt transaction based on the plurality of individualized transaction settlement offers and process at least a portion of a payment by the debtor in settlement of the debt transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. An apparatus for resolving a debt transaction, the debt transaction representing an amount of money owed by a debtor to a creditor, the apparatus comprising:
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a server arrangement comprising; a credit information seeking module configured to obtain debtor debt account information from a financial information source other than the server arrangement and the debtor in response to the debtor contacting the server arrangement; a decision module configured to employ only extracted data identified as pertinent from obtained debtor debt account information, the extracted data extracted in accordance with a set of rules established by the creditor available to the decision module, and analyze the extracted data identified as pertinent in order to determine a potential resolution strategy for the debt transaction; and means for contacting the debtor by transmitting a communication to the debtor using one of a number of available communication channels, wherein the communication invites the debtor to contact the server arrangement for the purpose of attempting to resolve the debt transaction; and a memory configured to maintain information related to the debt transaction and the set of rules established by the creditor; wherein the server arrangement is configured to offer the debtor at least one payment option individualized for the debtor determined based on the extracted data, the at least one payment option differing from the amount of money owed by the debtor to the creditor, and the server arrangement is further configured to attempt to obtain agreement from the debtor to settle the debt transaction and process at least a portion of a payment by the debtor in settlement of the debt transaction. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. An apparatus for resolving a debt transaction, the debt transaction representing an amount of money owed by a debtor to a creditor, the apparatus comprising:
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a server arrangement comprising; a communications module configured to contact the debtor by transmitting a communication inviting the debtor to contact the server arrangement for the purpose of attempting to resolve the debt transaction using one of a number of available communication channels; a credit information seeking module configured to obtain a credit history for the debtor in response to the debtor contacting the server arrangement; and a rules based engine configured to employ only extracted data identified as pertinent from obtained debtor debt account information, the extracted data extracted in accordance with rules established by the creditor available to the rules based engine, and determine a plurality of individualized transaction settlement offers depending on creditworthiness of the debtor based on the extracted data identified as pertinent, wherein creditworthiness of the debtor comprises a calculated ability of the debtor to repay at least a portion of the debt transaction based on the extracted data identified as pertinent; and a memory configured to maintain information related to the debt transaction and the rules employed by the rules based engine; wherein the server arrangement is configured to provide the at least plurality of transaction settlement offers in order to direct the debtor to a resolution of the transaction based on the rules and creditworthiness of the debtor. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26)
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Specification