System and method for generating a virtual credit score and a respective virtual credit line

A non-transitory computer readable medium having stored thereon code instructions to be executed by one or more processing units, said code instructions comprising:

• code instructions for receiving a request from a supplier node to generate a virtual credit score for a customer at a customer node, wherein the customer performs an electronic commerce transaction in an electronic commerce website related to the supplier node;
• code instructions for receiving at least one customer identifier of the customer from said supplier node;
• code instructions for retrieving data respective of the customer from at least one data source, wherein the data is retrieved using the at least one customer identifier;
• code instructions for analyzing the retrieved data to determine at least one further customer identifier;
• code instructions for generating the virtual credit score for the customer, in real-time during said electronic commerce transaction, at least based on the determined at least one further customer identifier;
• code instructions for comparing the virtual credit score to a virtual credit threshold to determine if the customer meets the virtual credit threshold;
• and
• code instructions for conducting automatically, in real-time, during said electronic commerce transaction and while said electronic commerce website is presented to said customer and upon determining that the customer meets the virtual credit threshold, the steps of:
• establishing a new credit line to the customer;
• creating a webpage for the customer to access said new credit line, said webpage is configured to allow said customer to access and use said new credit line to pay for a purchase during said transaction;
• and
• sending a notification to said customer node, said notification offering said new credit line to said customer and providing said customer with information related to said created webpage for accessing said new credit line, including providing a URL of said webpage configured for presenting said webpage to said customer.

A system for generating a virtual credit score in real-time and establishing and suggesting a virtual credit line to a customer of a customer node, comprising:

• a processor;
• and
• a memory, the memory containing instructions that, when executed by the processor, configure the system to:
• receive a request from a supplier node to generate a virtual credit score for a customer at a customer node, wherein the customer performs an electronic commerce transaction in an electronic commerce website related to the supplier node;
• receive at least one customer identifier of the customer from said supplier node;
• retrieve data respective of the customer from at least one data source, wherein the data is retrieved using the at least one customer identifier;
• analyze the retrieved data to determine at least one further customer identifier;
• generate the virtual credit score for the customer, in real-time during said electronic commerce transaction, at least based on the determined at least one further customer identifier;
• compare the virtual credit score to a virtual credit threshold to determine if the customer meets the virtual credit threshold;
• upon determining that the customer meets the virtual credit threshold, automatically, in real-time and during said electronic commerce transaction while said electronic commerce website is presented to said customer:
• establishing a new credit line to the customer;
• creating a webpage for the customer to access said new credit line, said webpage is configured to allow said customer to access and use said new credit line to pay for a purchase during said transaction;
• and
• sending a notification to said customer node, said notification offering said new credit line to said customer and providing said customer with information related to said created webpage for accessing said new credit line, including providing a URL of said webpage configured for presenting said webpage to said customer.