WO2006007537A3 - A computer system for providing projected incentive based loans - Google Patents

A computer system for providing projected incentive based loans

Info

Publication number
WO2006007537A3
WO2006007537A3 PCT/US2005/023375 US2005023375W WO2006007537A3 WO 2006007537 A3 WO2006007537 A3 WO 2006007537A3 US 2005023375 W US2005023375 W US 2005023375W WO 2006007537 A3 WO2006007537 A3 WO 2006007537A3
Authority
WO
Grant status
Application
Patent type
Prior art keywords
incentive
system
loan
services
purchaser
Prior art date
Application number
PCT/US2005/023375
Other languages
French (fr)
Other versions
WO2006007537A2 (en )
Inventor
Rimas Kaspeskas
Phil Mittenzwei
Original Assignee
United Parcel Service Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce, e.g. shopping or e-commerce
    • G06Q30/02Marketing, e.g. market research and analysis, surveying, promotions, advertising, buyer profiling, customer management or rewards; Price estimation or determination
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce, e.g. shopping or e-commerce
    • G06Q30/02Marketing, e.g. market research and analysis, surveying, promotions, advertising, buyer profiling, customer management or rewards; Price estimation or determination
    • G06Q30/0207Discounts or incentives, e.g. coupons, rebates, offers or upsales
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
    • G06Q40/025Credit processing or loan processing, e.g. risk analysis for mortgages

Abstract

A computer system for providing projected incentive based loans manages and tracks (506) loan data for a loan made to a purchaser in association with the purchase of goods or services(516). The system projects purchase amounts to be made by a purchaser, such as a small business, over a period of time. Purchases can be goods or services, such as package shipping services. Based on the amount of the projected purchases, an incentive rate agreed upon by the seller of the goods or services and the purchaser is used to compute a loan amount. The present value of the incentives to be earned over the projection period is loaned to the purchaser. The incentive rate is stored in the system (512) and used to generate invoices (508) and manage loan repayment.
PCT/US2005/023375 2004-07-01 2005-07-01 A computer system for providing projected incentive based loans WO2006007537A3 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
US10/884,581 2004-07-01
US10884581 US7729980B2 (en) 2004-07-01 2004-07-01 Systems and associated methods for providing projected incentive based loans

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
CA 2571839 CA2571839A1 (en) 2004-07-01 2005-07-01 A computer system for providing projected incentive based loans

Publications (2)

Publication Number Publication Date
WO2006007537A2 true WO2006007537A2 (en) 2006-01-19
WO2006007537A3 true true WO2006007537A3 (en) 2006-03-23

Family

ID=35515169

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/023375 WO2006007537A3 (en) 2004-07-01 2005-07-01 A computer system for providing projected incentive based loans

Country Status (3)

Country Link
US (1) US7729980B2 (en)
CA (1) CA2571839A1 (en)
WO (1) WO2006007537A3 (en)

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US8793160B2 (en) 1999-12-07 2014-07-29 Steve Sorem System and method for processing transactions
WO2002011019A1 (en) 2000-08-01 2002-02-07 First Usa Bank, N.A. System and method for transponder-enabled account transactions
US7831467B1 (en) 2000-10-17 2010-11-09 Jpmorgan Chase Bank, N.A. Method and system for retaining customer loyalty
US7295999B1 (en) 2000-12-20 2007-11-13 Jpmorgan Chase Bank, N.A. System and method for determining eligibility and enrolling members in various programs
US7895098B2 (en) 2001-03-01 2011-02-22 Jpmorgan Chase Bank, N.A. System and method for measuring and utilizing pooling analytics
WO2002099598A3 (en) 2001-06-07 2004-03-25 First Usa Bank Na System and method for rapid updating of credit information
US7266839B2 (en) 2001-07-12 2007-09-04 J P Morgan Chase Bank System and method for providing discriminated content to network users
US8020754B2 (en) 2001-08-13 2011-09-20 Jpmorgan Chase Bank, N.A. System and method for funding a collective account by use of an electronic tag
US7987501B2 (en) 2001-12-04 2011-07-26 Jpmorgan Chase Bank, N.A. System and method for single session sign-on
US20040122736A1 (en) 2002-10-11 2004-06-24 Bank One, Delaware, N.A. System and method for granting promotional rewards to credit account holders
US8301493B2 (en) 2002-11-05 2012-10-30 Jpmorgan Chase Bank, N.A. System and method for providing incentives to consumers to share information
US8306907B2 (en) 2003-05-30 2012-11-06 Jpmorgan Chase Bank N.A. System and method for offering risk-based interest rates in a credit instrument
US8175908B1 (en) 2003-09-04 2012-05-08 Jpmorgan Chase Bank, N.A. Systems and methods for constructing and utilizing a merchant database derived from customer purchase transactions data
US20060031158A1 (en) * 2004-08-09 2006-02-09 Suze Orman Credit card with incentives tied to credit score
US7401731B1 (en) 2005-05-27 2008-07-22 Jpmorgan Chase Bank, Na Method and system for implementing a card product with multiple customized relationships
US20070079248A1 (en) * 2005-09-30 2007-04-05 Sabine Finke Automation tool to create text email with purchase order data out of purchase order business object
US20080243569A1 (en) * 2007-04-02 2008-10-02 Michael Shane Hadden Automated loan system and method
US20080256004A1 (en) * 2007-04-13 2008-10-16 Peter Nelson Schmitt Loans for professional services
US8622308B1 (en) 2007-12-31 2014-01-07 Jpmorgan Chase Bank, N.A. System and method for processing transactions using a multi-account transactions device
US8924271B1 (en) * 2008-06-09 2014-12-30 United Services Automobile Association Online loan payoff quotes
US20100042491A1 (en) * 2008-07-31 2010-02-18 The Golden 1 Credit Union Incentive based system and methods for auto financing
US8554631B1 (en) 2010-07-02 2013-10-08 Jpmorgan Chase Bank, N.A. Method and system for determining point of sale authorization
JP5406392B1 (en) * 2013-03-19 2014-02-05 ヤフー株式会社 Loan system, credit information generating apparatus, lending condition determination method, and credit information generating program
US20150106174A1 (en) * 2013-10-14 2015-04-16 Car Price Countdown, LLC Computerized system and method for discounting and promoting automobiles for sale

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US5297026A (en) * 1992-01-03 1994-03-22 Frank Hoffman System for promoting account activity
US6006207A (en) * 1998-04-17 1999-12-21 Mumick; Ravneet Kaur System and method for loan prepayment discounts
US20020046110A1 (en) * 2000-07-25 2002-04-18 Gallagher P. Christopher J. Administering incentive award program
US20030233278A1 (en) * 2000-11-27 2003-12-18 Marshall T. Thaddeus Method and system for tracking and providing incentives for tasks and activities and other behavioral influences related to money, individuals, technology and other assets
US20040083163A1 (en) * 2002-10-24 2004-04-29 Michael Cooper System and method for purchasing increased efficiency items

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US233278A (en) * 1880-10-12 John bae
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US6260024B1 (en) * 1998-12-02 2001-07-10 Gary Shkedy Method and apparatus for facilitating buyer-driven purchase orders on a commercial network system
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US7072851B1 (en) * 1999-04-16 2006-07-04 Bank Of America Corporation System and method for administrating a credit card use incentive program by which a credit card holder earns rebate in the form of an additional payment toward an outstanding loan principal to reduce overall cost of the installment loan
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US20020069150A1 (en) * 2000-12-04 2002-06-06 Biao Ni System and method to retain customers using rebate in combination with investment instruments to serve customers' long term financial needs
US20020095361A1 (en) * 2001-01-16 2002-07-18 Michael Trenk Method and system for securitizing a future obligation to purchase goods or services
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Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5297026A (en) * 1992-01-03 1994-03-22 Frank Hoffman System for promoting account activity
US6006207A (en) * 1998-04-17 1999-12-21 Mumick; Ravneet Kaur System and method for loan prepayment discounts
US20020046110A1 (en) * 2000-07-25 2002-04-18 Gallagher P. Christopher J. Administering incentive award program
US20030233278A1 (en) * 2000-11-27 2003-12-18 Marshall T. Thaddeus Method and system for tracking and providing incentives for tasks and activities and other behavioral influences related to money, individuals, technology and other assets
US20040083163A1 (en) * 2002-10-24 2004-04-29 Michael Cooper System and method for purchasing increased efficiency items

Also Published As

Publication number Publication date Type
US7729980B2 (en) 2010-06-01 grant
CA2571839A1 (en) 2006-01-19 application
US20060004650A1 (en) 2006-01-05 application
WO2006007537A2 (en) 2006-01-19 application

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