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WO2019071263A3 - Method and system for payment processing & syndicated consumer credit - Google Patents

Method and system for payment processing & syndicated consumer credit Download PDF

Info

Publication number
WO2019071263A3
WO2019071263A3 PCT/US2018/054882 US2018054882W WO2019071263A3 WO 2019071263 A3 WO2019071263 A3 WO 2019071263A3 US 2018054882 W US2018054882 W US 2018054882W WO 2019071263 A3 WO2019071263 A3 WO 2019071263A3
Authority
WO
WIPO (PCT)
Prior art keywords
consumer credit
payment processing
credit
consumer
issuers
Prior art date
Legal status (The legal status 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 status listed.)
Ceased
Application number
PCT/US2018/054882
Other languages
French (fr)
Other versions
WO2019071263A2 (en
Inventor
Abdullah JAVED
Mohamed NOUH
Muhmmod JAVED
Petter TSE
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Variance Group Inc
Original Assignee
Variance Group 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
Application filed by Variance Group Inc filed Critical Variance Group Inc
Publication of WO2019071263A2 publication Critical patent/WO2019071263A2/en
Publication of WO2019071263A3 publication Critical patent/WO2019071263A3/en
Anticipated expiration legal-status Critical
Ceased legal-status Critical Current

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/22—Payment schemes or models
    • G06Q20/24—Credit schemes, i.e. "pay after"
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/102—Bill distribution or payments
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/405—Establishing or using transaction specific rules
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • General Business, Economics & Management (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Economics (AREA)
  • Development Economics (AREA)
  • Computer Security & Cryptography (AREA)
  • Marketing (AREA)
  • Technology Law (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A consumer credit instrument that augments the credit payment pipeline in order to give consumers and issuers more granular control over repayment terms. A system can establish a network with components that homogenize supply and demand for consumer credit by syndicating transactions from all consumers to all issuers on said network. The system can further facilitate the funding of each transaction. The system can leverage a number of issuer and consumer components that allow each party to have dynamic control over the terms such as APR and rewards for transactions.
PCT/US2018/054882 2017-10-06 2018-10-08 Method and system for payment processing & syndicated consumer credit Ceased WO2019071263A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US201762569407P 2017-10-06 2017-10-06
US62/569,407 2017-10-06

Publications (2)

Publication Number Publication Date
WO2019071263A2 WO2019071263A2 (en) 2019-04-11
WO2019071263A3 true WO2019071263A3 (en) 2019-06-13

Family

ID=65995262

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2018/054882 Ceased WO2019071263A2 (en) 2017-10-06 2018-10-08 Method and system for payment processing & syndicated consumer credit

Country Status (1)

Country Link
WO (1) WO2019071263A2 (en)

Families Citing this family (10)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN110221919B (en) * 2019-05-31 2023-08-01 创新先进技术有限公司 Blockchain-based virtual resource allocation method and device
SG10201907802YA (en) * 2019-08-23 2020-01-30 Islamic Res And Training Institute A blockchain-based credit management system
CN111598679B (en) * 2020-04-02 2023-06-30 福建省农村信用社联合社 Block chain-based multi-law person-to-person combined loan method, system and medium
SG10202004061VA (en) * 2020-05-04 2020-11-27 Alipay Labs Singapore Pte Ltd Method and system for blockchain-based loan management
CN112184191B (en) * 2020-09-21 2022-05-06 蚂蚁财富(上海)金融信息服务有限公司 Resource transaction method, device and system based on block chain
US12136079B2 (en) 2020-12-17 2024-11-05 The Toronto-Dominion Bank Real-time provisioning of targeted recommendations based on decomposed structured messaging data
US12067606B2 (en) 2020-12-17 2024-08-20 The Toronto-Dominion Bank Real-time provisioning of targeted, alternative product information based on structured messaging data
CA3142796A1 (en) 2020-12-19 2022-06-19 The Toronto-Dominion Bank Real-time reconciliation processing based on structured messaging data
CA3170096A1 (en) 2021-08-17 2023-02-17 The Toronto-Dominion Bank Real-time provisioning of targeted digital content associated with an initiated data exchange based on structured messaging data
US20230385926A1 (en) * 2022-05-31 2023-11-30 Affirm, Inc. Method and apparatus for facilitating an aggregated marketplace for providing financing offers in an online commercial ecosystem

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6622131B1 (en) * 1999-12-23 2003-09-16 Rategenius, Inc. Method and system for auctioning loans through a computing system
US20060224502A1 (en) * 2005-03-31 2006-10-05 Mcgowan Adam System and method for online peer-to-peer banking
US7493279B1 (en) * 2000-07-27 2009-02-17 Khai Hee Kwan Computer system and method for on-line display, negotiation and management of loan syndication over computer network
US20120290467A1 (en) * 2011-05-09 2012-11-15 Bank Of America Corporation Networking platform for lending
US20150379632A1 (en) * 2014-06-30 2015-12-31 Joseph Michael Business method for efficient and direct loan financing

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6622131B1 (en) * 1999-12-23 2003-09-16 Rategenius, Inc. Method and system for auctioning loans through a computing system
US7493279B1 (en) * 2000-07-27 2009-02-17 Khai Hee Kwan Computer system and method for on-line display, negotiation and management of loan syndication over computer network
US20060224502A1 (en) * 2005-03-31 2006-10-05 Mcgowan Adam System and method for online peer-to-peer banking
US20120290467A1 (en) * 2011-05-09 2012-11-15 Bank Of America Corporation Networking platform for lending
US20150379632A1 (en) * 2014-06-30 2015-12-31 Joseph Michael Business method for efficient and direct loan financing

Also Published As

Publication number Publication date
WO2019071263A2 (en) 2019-04-11

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