System and method for resolving transactions using weighted scoring techniques
AssigneeApollo Enterprise Solutions, Inc.
InventorsG. Christopher Imrev, William J. House, III
Life of this patent
Estimating the term…
Abstract
A system and method for the online settling of a transaction is provided. The system includes a server having a rules configured to process available data regarding the debtor party using rules established on behalf of the party to the financial transaction and weighting factors accorded to selected available data related to the debtor party. The rules and weighting factors are employed by the rules engine to establish a transaction settlement offer set conveyable to the user and comprising multiple simultaneously presentable and individually selectable offers, each offer configured to settle the transaction on terms satisfactory to the party to the transaction.
Claims25
A system for settling a debt, comprising:
- a server arrangement configured to receive communications from a user, the server arrangement further configured to seek available financial information pertinent to the debt from at least one source external to the user, the server arrangement comprising:
- a rules based engine including rules established on behalf of a party to the debt, the rules based engine configured to process data from the available financial information and establish a transaction settlement offer set based on the rules established on behalf of the party to the debt and selected available financial information and weighting factors accorded to the selected available financial information, wherein selected available financial information is a subset of the available financial information;
- wherein the transaction settlement offer set comprises multiple simultaneously presentable and individually selectable offers, each simultaneously presentable and individually selectable offer configured to settle the transaction on terms satisfactory to the party to the debt;
- wherein the weighting factors are available to the rules based engine for all available financial information sought by the server arrangement, and the rules based engine is configured to apply weighting factors to and determine the transaction settlement offer set based only on the selected available financial information.
A system configured to settle a debt between a debtor party and a party to the debt, comprising:
- a server arrangement comprising:
- a rules engine configured to process available data regarding the debtor party using:
- rules established on behalf of the party to the financial transaction;
- and
- weighting factors accorded to selected available data related to the debtor party wherein selected available data is a subset of the available data;
- wherein the rules and weighting factors are employed by the rules engine to establish a transaction settlement offer set comprising multiple simultaneously presentable and individually selectable offers, each offer configured to settle the debt on terms satisfactory to the party to the debt;
- wherein the weighting factors are available to the rules engine for all available data configured for processing by the server arrangement, and the rules engine is configured to apply weighting factors to and determine the transaction settlement offer set based only on the selected available data.
A method of settling a debt between a debtor entity and a creditor entity, comprising:
- employing, at a server arrangement, a set of criteria provided by the creditor entity to establish a set of acceptable transaction settlement conditions based on at least one weighting factor applied to at least one piece of financial information relating to the debtor party;
- establishing, at the server arrangement, a transaction settlement offer set conveyable to the debtor entity and based on the set of criteria provided by the creditor entity and at least one weighting factor applied to at least one piece of financial information relating to the debtor entity, the transaction settlement offer set comprising multiple simultaneously presentable and individually selectable offers, each offer configured to settle the transaction on terms satisfactory to the creditor entity;
- wherein the at least one weighting factor comprises a plurality of weighting factors available to the server arrangement all financial information configured to be processed by the server arrangement, and the server arrangement is configured to apply a subset of the plurality of weighting factors to and determine the transaction settlement offer set based only on available financial information.
Dependencies are inferred from the claim text.