Method and system for tracking personal property collateral
First Claim
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1. A system for tracking personal property of an owner which is used as collateral for a loan comprising:
- an item of personal property, said item of personal property having a built-in communication interface;
a computing device of said owner, said computing device having a processor, a memory and a communication interface permitting said computing device to communicate with said item of personal property via said built-in communication interface thereof;
a downloaded software application stored in said memory of said computing device of said owner and configured, when executed by said processor to cause said computing device to;
send a polling request to said item of personal property via said built-in wireless communication device thereof;
generate an output regarding said polling request; and
transmit said output to at least one external server;
andsaid at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to;
analyze said output received from said computing device to determine a status of said item of personal property.
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Abstract
A tracking system is provided for tracking personal property, such as to track collateral which is used to secure a loan. Collateral belonging to a borrower, such as electronic devices or other items of personal property having a wireless communication interface, is placed in communication with a tracking system which receives information from those items of collateral and utilizes that information to verify the existence of the borrower'"'"'s collateral.
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Citations
19 Claims
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1. A system for tracking personal property of an owner which is used as collateral for a loan comprising:
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an item of personal property, said item of personal property having a built-in communication interface; a computing device of said owner, said computing device having a processor, a memory and a communication interface permitting said computing device to communicate with said item of personal property via said built-in communication interface thereof; a downloaded software application stored in said memory of said computing device of said owner and configured, when executed by said processor to cause said computing device to; send a polling request to said item of personal property via said built-in wireless communication device thereof; generate an output regarding said polling request; and transmit said output to at least one external server; and said at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to; analyze said output received from said computing device to determine a status of said item of personal property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method of tracking an item of personal property of an owner, the item of personal property having a built-in wireless communication interface, which item of personal property is used as collateral to secure a loan, comprising the steps of:
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receiving a request from said owner via a computing device of said owner which is in communication with said item of personal property at one or more times via said built-in wireless communication interface, said request comprising a request for a personal property tracking application comprising downloadable software for execution by a processor of said computing device; transmitting said downloadable software application from at least one server to said computing device; causing, via said downloadable software application executed by said processor of said computing device, said computing device to poll said item of personal property by transmitting a polling request to said item of personal property via said built-in wireless communication interface thereof; receiving at said at least one server, information regarding a response from said item of personal property transmitted by said computing device; and analyzing at said at least one server said information regarding said response to confirm the status of said item of personal property as collateral. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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Specification