Computing system supporting online purchases

• US 9,576,320 B2
• Filed: 05/22/2012
• Issued: 02/21/2017
• Est. Priority Date: 03/21/2000
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Bennett, James D., Winslade, Christopher C.
• Primary Examiner(s): RUDY, ANDREW J
• Application Number:
  US13/478,084
• Publication Number:
  US 20120296805A1
• Time in Patent Office: 1,736 Days
• Field of Search: 235/379, 235/380, 235/381, 235/383, 705/26.1, 705/26.2
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0224 based on user history
• CPC Class Codes: G06Q 30/0235 constrained by time limit or expiration date
• CPC Class Codes: G06Q 30/0239 Online discounts or incentives
• CPC Class Codes: G06Q 30/0244 Optimization
• CPC Class Codes: G06Q 30/0251 Targeted advertisements
• CPC Class Codes: G06Q 30/0253 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0255 based on user history
• CPC Class Codes: G06Q 30/0257 User requested
• CPC Class Codes: G06Q 30/0261 based on user location
• CPC Class Codes: G06Q 30/0269 based on user profile or attribute
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0611 Request for offers or quotes
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0625 Directed, with specific intent or strategy
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/03 : Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 : Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/08 : Insurance

Abstract

Computer code for, a method of, and a system for supporting financing of products offered for sale. The invention may include delivering personal credit information of the buyer for use in analyzing the buyer'"'"'s credit. If qualified, the buyer is provided with the amount he or she is approved for, along with at least one product that he or she may purchase. The invention may also complete the sales transaction.

Claims

1. An online reporting system comprising:

a non-transitory memory; and

one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising;

providing, through a network for display on a buyer computer of a buyer, an online sales portal within a frame of an affordability portal webpage;

receiving, through the network from the buyer computer via the affordability portal webpage, a request for input to an online reporting service that includes personal credit related information of the buyer;

retrieving, in real time in response to the request, credit report data relating to the buyer;

updating, through the network on the buyer computer using at least a portion of the credit report data, information displayed in the webpage external to the frame;

processing at least a portion of the credit report data to generate a qualified dollar amount; and

providing, through the network to the buyer computer, the qualified dollar amount for use in real-time completion of a financed purchase via the online sales portal of one or more sales item offerings having a total price that does not exceed the qualified dollar amount.

2. The system of claim 1, wherein the operations further comprise:

communicating the credit report data relating to the buyer to a system of a financial entity providing loan funds amount associated with a purchase of a product from the online sales product.

3. The system of claim 2, wherein the qualified dollar amount is received from the financial entity.

4. The system of claim 1, wherein the retrieving the credit report data of the buyer is anonymously performed.

5. The system of claim 1, wherein the retrieving the credit report data of the buyer is not used to negatively affect a credit record.

6. The system of claim 1, wherein the credit report data comprises a credit rating.

7. The system of claim 1, wherein the online sales portal is part of a multi-seller system.

8. The system of claim 1, wherein the operations further comprise:

retrieving credit report data relating to the buyer based on the received request related to the online sales portal and the buyer.

9. A method performed by a computing system, the method comprising:

presenting, in an affordability portal webpage provided by the computing system, an online sales portal within a frame of the affordability portal webpage;

receiving, by the affordability portal webpage during a concurrent buyer interaction with an online sales portal via a buyer computer, a request related to the online sales portal that includes personal credit related information of the buyer;

producing, by the computing system, credit report data relating to the buyer;

processing, by the computing system, at least a portion of the credit report data to generate a qualified dollar amount that is used by the buyer in real-time completion of a financed purchase via the online sales portal of one or more sales item offerings having a total price that does not exceed the qualified dollar amount; and

updating, by the computing system, information displayed on the affordability portal webpage external to the frame based on at least a portion of the credit report data.

10. The method of claim 9, further comprising electronically transferring of funds corresponding to the qualified dollar amount to enable completion of the sales transaction.

11. The method of claim 10, wherein the transferring of funds is made to an entity associated with the online sales portal.

12. The method of claim 10, wherein the transferring is made to an entity associated with an intermediary financial related portal.

13. The method of claim 9, wherein the qualified dollar amount corresponds to a price of the one or more sales item offerings on the online sales portal.

14. The method of claim 10, wherein the qualified dollar amount corresponds to a price of the one or more sales item offerings on the online sales portal.

15. The method of claim 9, wherein the delivering a qualified dollar amount associated with the online sales portal is made to a system associated with the online sales portal.

16. The method of claim 9, wherein the delivering a qualified dollar amount associated with the online sales portal is made to a system associated with an intermediary financial related portal.

17. The method of claim 9, wherein processing, by the computing system, at least a portion of the credit report data to generate a qualified dollar amount further comprises providing the at least a portion of the credit report data to one or more financial entities providing loan funds amounts associated with a purchase of a product from the online sales portal.

18. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:

presenting, in an affordability portal webpage, an online sales portal within a frame of the affordability portal webpage;

receiving, by the affordability portal webpage and during a concurrent buyer interaction with an online sales portal via a buyer computer, a request related to the online sales portal that includes personal credit related information of the buyer;

producing credit report data relating to the buyer;

processing at least a portion of the credit report data to generate a qualified dollar amount that is used by the buyer in real-time completion of a financed purchase via the online sales portal of one or more sales item offerings having a total price that does not exceed the qualified dollar amount; and

updating information displayed on the affordability portal webpage external to the frame based on at least a portion of the credit report data.

19. The non-transitory machine-readable medium of claim 18, wherein the operations further comprise electronically transferring of funds corresponding to the qualified dollar amount to enable completion of the sales transaction.

20. The non-transitory machine-readable medium of claim 19, wherein the transferring of funds is made to an entity associated with the online sales portal.