Systems and methods for facilitating lending between two or more parties
AssigneePaypal, Inc.
InventorMichel Weksler
Life of this patent
Estimating the term…
Abstract
A method and a system for facilitating lending between private parties, the private parties including a lendee and at least one lender. For example, a loan request from a lendee may be received, the loan request sent to at least one lender, the lender indicating acceptance of the loan request, notifying the lendee of the acceptance and transferring funds from a financial account of the lender to a financial account of the lendee.
Claims29
A method of facilitating loan transactions between a lendee and at least one lender, the method comprising:
- receiving, at a loan processing server, a loan request from the lendee via a network;
- sending the loan request to the at least one lender via the network;
- receiving, at the loan processing server, an acceptance indication from the at least one lender via the network;
- and
- directly transferring an amount of funds requested by the lendee from a financial account of the lender to a financial account of the lendee.
A method of facilitating loan transactions between a lendee and a lender, the method comprising:
- receiving, at a loan processing server a loan request from a lendee;
- presenting to the lendee without manual intervention a listing of at least one lender that substantially matches at least one requirement of the loan request;
- receiving, at the loan processing server, an acceptance indication from the lendee of one lender within the listing of at least one lender;
- notifying the one lender within the listing of at least one lender of a loan acceptance of the lendee;
- and
- directly transferring funds according to the loan request from the financial account of the at least one lender within the listing of at least one lender to the financial account of the lendee.
A method of facilitating a loan transaction between a lendee and a lender, the method comprising:
- receiving, at a loan processing server, from the lender a request to join a lender pool;
- retrieving assessment information for the lender;
- automatically evaluating the lender based on the retrieved risk score;
- determining if the lender is acceptable based on the evaluation;
- and
- adding lender to the lender pool if the determination is made that the lender is acceptable.
A system to facilitate loan transactions between a lendee and a lender, the system including:
- a receiving module to receive at least one request from at least one of a plurality of lenders and lendees;
- a loan facilitation module to process the received at least one request;
- and
- a database module to store information related to the lendee, the lender, and the loan transaction, the database module including:
- a lendee table;
- a lender table;
- and
- a lender pool table.
A system to facilitate loan transactions between a lendee and a lender, the system including:
- a first means for receiving module to receive at least one request from at least one of a plurality of lenders and lendees;
- a second means for loan facilitation module to process the received at least one request;
- and
- a third means for database module to store information related to the lendee, the lender, and the loan transaction, the database module including:
- a lendee table;
- a lender table;
- and
- a lender pool table.
A machine readable medium storing a set of instructions that, when executed by a machine, cause the machine to perform the method of:
- receiving a loan request from the lendee;
- sending the loan request to at least one lender;
- receiving an acceptance indication from the at least one lender;
- notifying the lendee of the acceptance indication;
- and
- directly transferring an amount of funds requested by the lendee from a financial account of the lender to a financial account of the lendee.
Dependencies are inferred from the claim text.