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US 8,150,762 B1Granted
System and method for providing credit
AssigneeUnited Services Automobile Association
InventorDaniel Reed
Life of this patent
Estimating the term…
Abstract
Disclosed are systems and methods for providing credit. The systems and methods receive a credit request from a applicant, determine immediately whether or not credit will be provided to the applicant and, if so, provide an immediately usable general use credit account to the applicant.
Claims18
A system for acquiring credit comprising:
- an information collecting device configured to collect information based on interactions between a credit provider and a member, wherein the credit provider and the member belong to a membership organization;
- a first information handling subsystem to connect to a second information handling subsystem of the credit provider through a network to provide a request from the member for a general use credit account provided by the credit provider, wherein the credit provider has a membership relationship with the member prior to the request for the general use credit account;
- a request collection engine coupled to the second information handling subsystem for beginning a credit application session, whereby the credit application session is a period of continuous contact between the first information handling subsystem and the second information handling subsystem of the credit provider through the network;
- and
- a request processing engine coupled to the request collection engine, the request processing engine configured to direct a computer processor to:
- determine whether to grant or deny the general use credit account provided by the credit provider during the credit application session, wherein the determining to grant or deny includes the request processing engine using previously collected information about the member requesting the general use credit account that was supplied to the credit provider based on interactions between the credit provider and the member prior to the credit application session, wherein the determining to grant or deny indicates that the general use credit account is to be initially denied;
- wherein upon initial denial of the general use credit account based on the determining to grant or deny indication, review the previously collected information about the member, wherein the previously collected information indicates that the member falls under a category of a pre-commission program in a Reserve Officers' Training Corps (ROTC) program, an Officers Candidate School/Officers Training School (OCS/OTS) program, or a military academy;
- grant the general use credit account to the member after the review of the previously collected information indicates that the member falls under the category of a pre-commission program in a Reserve Officers' Training Corps (ROTC) program, an Officers Candidate School/Officers Training School (OCS/OTS) program, or a military academy;
- wherein the previously collected information used by the request processing engine includes an indicator as to whether the member requesting the general use credit account has caused the credit provider a previous loss.
6 more elements
A method for acquiring credit, the method comprising:
- collecting information based on interactions between a credit provider and a member, wherein the credit provider and the member belong to a membership organization;
- connecting to the credit provider through a network using a plurality of information handling subsystems to request for the member a general use credit account provided by the credit provider, wherein the credit provider has a membership relationship with the member prior to the request for the general use credit account;
- beginning a credit application session with a request collection engine that is coupled to one of the plurality of information handling subsystems, whereby the credit application session is a period of continuous contact with the credit provider;
- processing data by a processor including or configured with a request processing engine coupled to one of the information handling subsystems, the request processing engine using the previously collected information to determine whether to grant or deny the general use credit account during the credit application session, wherein the determining includes using previously collected information about the member requesting the general use credit account that was supplied to the credit provider based on interactions between the credit provider and the member prior to the credit application session;
- wherein the determining to grant or deny indicates that the general use credit account is to be initially denied;
- wherein upon the initial denial of the general use credit account based on the determining to grant or deny indication, review the previously collected information about the member, wherein the previously collected information indicates that the member falls under a category of a pre-commission program in a Reserve Officers' Training Corps (ROTC) program, an Officers Candidate School/Officers Training School (OCS/OTS) program, or a military academy;
- granting the general use credit account to the member after the review of the previously collected information indicates that the member falls under the category of a pre-commission program in a Reserve Officers' Training Corps (ROTC) program, an Officers Candidate School/Officers Training School (OCS/OTS) program, or a military academy;
- wherein the previously collected information used by the request processing engine includes an indicator as to whether the member requesting the general use credit account has caused the credit provider a previous loss.
5 more elements
A non-transitory computer-readable medium comprising computer-readable instructions for acquiring credit, said computer-readable instructions, when executed by a computer, causing the computer to:
- collect information based on interactions between a credit provider and a member, wherein the credit provider and the member belong to a membership organization;
- connect to the credit provider to request for the member a general use credit account provided by the credit provider, wherein the credit provider has a membership relationship with the member prior to the request for the general use credit account;
- begin a credit application session, whereby the credit application session is a period of continuous contact with the credit provider;
- determine whether to grant or deny the general use credit account provided by the credit provider during the credit application session, wherein the determining includes using previously collected information about the member requesting the general use credit account that was supplied to the credit provider based on interactions between the credit provider and the member prior to the credit application session;
- wherein the determining to grant or deny indicates that the general use credit account is to be initially denied;
- wherein upon the initial denial of the general use credit account based on the determining to grant or deny indication, review the previously collected information about the member, wherein the previously collected information indicates that the member falls under a category of a pre-commission program in a Reserve Officers' Training Corps (ROTC) program, an Officers Candidate School/Officers Training School (OCS/OTS) program, or a military academy;
- and
- grant the general use credit account to the member after the review of the previously collected information indicates that the member falls under the category of a pre-commission program in a Reserve Officers' Training Corps (ROTC) program, an Officers Candidate School/Officers Training School (OCS/OTS) program, or a military academy;
- wherein the previously collected information used by the request processing engine includes an indicator as to whether the member requesting the general use credit account has caused the credit provider a previous loss.
6 more elements
Dependencies are inferred from the claim text.