Running exerciser structure

• US 20010005836A1
• Filed: 12/18/2000
• Published: 06/28/2001
• Est. Priority Date: 12/21/1999
• Status: Abandoned Application

• Current Assignee: Chia-Feng Yang
• Original Assignee: Chia-Feng Yang
• Inventors: Yang, Chia-Feng
• Application Number:
  US09/737,746
• Publication Number:
  US 20010005836A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: A63B 22/0214 between the belt supporting deck and the frame
• CPC Class Codes: A63B 22/0235 driven by a motor
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

The present invention is an improved system for providing a single source system for efficiently managing the collection, tracking, reporting, and fund remittance functions of debt recovery activity between credit grantors and collection agencies. The system is provided with a central server that is networked with various credit grantor and collection agency-operated interfaces to provide improved efficiency and monitoring of the collection process. The server is programmed to format and “scrub” incoming accounts from credit grantors prior to “scoring” the same on proprietary scoring models. This allows the server to select the most appropriate collection agency for each particular account. Once the agency works the file and collects funds from the debtor, the funds are routed through the system to the credit grantor. Throughout the collection process credit grantors and collection agencies are able to monitor, audit, and update the status of each account.

Claims

1. A method for managing debt recovery activity between at least one credit grantor and at least one collection agency, provided with a credit grantor-operated interface having at least an input device and a display device, a server having at least a processor and a data storage device, and a network for connecting said credit grantor-operated interface to said server, comprising the steps of:

establishing a network connection between said credit grantor-operated interface and said server;

transmitting account information data from said credit grantor-operated interface to said server;

transmitting said account information data from said server to a collection agency;

receiving collected funds from said collection agency; and

transferring said collected funds to said credit grantor.

2. The method of

claim 1

, further comprising the step of appending any missing data after said account information data is received from said credit grantor-operated interface.

3. The method of

claim 2

, further comprising the step of formatting said account information data after said account information data is appended.

4. The method of

claim 3

, further comprising the step of scoring said account information data after said account information data is formatted.

5. The method of

claim 4

, further comprising the step of converting said account information data to a collection agency format prior to transmitting said account information data to said collection agency.

6. The method of

claim 5

, further comprising the step of providing auditing information to said collection agency and said credit grantor.

7. The method of

claim 6

, further comprising the step of providing on-line reporting to said collection agency and said credit grantor.

8. The method of

claim 7

, further comprising the step of receiving periodic transactions from said collection agency.

9. The method of

claim 8

, further comprising the step of processing said periodic transactions received from said collection agency.

10. The method of

claim 9

, further comprising the step of reporting said periodic transactions in a reporting system.

11. The method of

claim 10

, further comprising the step of making said reporting system available to said credit grantor.

12. The method of

claim 11

, further comprising the step of identifying transactions meeting selected requirements for re-assignment.

13. The method of

claim 12

, further comprising the step of scoring said transactions identified as meeting selected requirements for re-assignment.

14. The method of

claim 13

, further comprising the step of updating the criteria used to score said transactions and said account information data.

15. The method of

claim 14

, further comprising the step of processing periodic transactions for remittance.

16. A system for, managing the debt recovery activity between at least one credit grantor and at least one collection agency comprising:

at least one credit grantor-operated interface having at least an input device and a display device;

a server having at least a processor and a data storage device; and

a network for connecting said credit grantor-operated interface to said server;

said server processor being programmed to;

a) receive account information data from said credit grantor-operated interface; and

b) transmit said account information data from said server to a collection agency.

17. The system of

claim 16

wherein said server processor is further programmed to receive data, appending any missing data after said account information data is received from said credit grantor-operated interface.

18. The system of

claim 17

wherein said server processor is further programmed to format said account information data after said account information data is appended.

19. The system of

claim 18

wherein said server processor is further programmed to score said account information data after said account information data is formatted.

20. The system of

claim 19

wherein said server processor is further programmed to convert said account information data to a collection agency format prior to transmitting said account information data to said collection agency.

21. The system of

claim 20

wherein said server processor is further programmed to provide auditing information to said collection agency and said credit grantor.

22. The system of

claim 21

wherein said server processor is further programmed to provide on-line reporting to said collection agency and said credit grantor.

23. The system of

claim 22

wherein said server processor is further programmed to receive periodic transactions from said collection agency.

24. The system of

claim 23

wherein said server processor is further programmed to process said periodic transactions received from said collection agency.

25. The system of

claim 24

wherein said server processor is further programmed to report said periodic transactions in a reporting system.

26. The system of

claim 25

wherein said server processor is further programmed to make said reporting system available to said credit grantor.

27. The system of

claim 26

wherein said server processor is further programmed to identify transactions meeting selected requirements for re-assignment.

28. The system of

claim 27

wherein said server processor is further programmed to score said transactions identified as meeting selected requirements for re-assignment.

29. The system of

claim 28

wherein said server processor is further programmed to update the criteria used to score said transactions and said account information data.

30. The system of

claim 29

wherein said server processor is further programmed to process periodic transactions for remittance.