Automated loan repayment

Details Automated loan repayment Automated loan repayment

G - Physics

07

F

G07F 7/10 (2006.01) G06Q 20/00 (2006.01) G07F 7/00 (2006.01) G07F 7/08 (2006.01)

Patent

CA 2295613

Systems and methods for automated loan repayment involve utilizing consumer payment authorization, clearing, and settlement systems to allow a merchant to reduce an outstanding loan amount. After a customer identifier (e.g., a credit, debit, smart, charge, payment, etc. card account number) is accepted as payment from the customer, information related to the payment is forwarded to a merchant processor. The merchant processor acquires the information related to the payment, processes that information, and forwards at least a portion of the payment to a loan repayment receiver as repayment of at least a portion of the outstanding loan amount owed by the merchant. The loan repayment receiver receives the portion of the payment forwarded by the merchant processor and applies that portion to the outstanding loan amount owed by the merchant to reduce that outstanding loan amount.

L'invention concerne des systèmes et procédés de remboursement de prêt automatisé faisant appel à des systèmes d'autorisation de prélèvements de consommateur, de compensation et de règlement pour permettre à un commerçant de réduire un montant impayé. Après l'acceptation d'un identificateur de consommateur (par exemple un numéro de compte de carte de crédit, de débit, à puce, de paiement, etc.) comme paiement par le consommateur, les données relatives au paiement sont transmises à un processeur commerçant. Le processeur commerçant acquiert les données relatives au paiement, les traite et transmet au moins une partie du paiement à un destinataire de remboursement de prêt comme remboursement d'au moins une partie du montant impayé dû par le commerçant. Le destinataire du remboursement de prêt reçoit la partie du paiement transmis par le processeur commerçant et transfère cette partie sur le montant impayé dû par le commerçant afin de réduire ce montant impayé.

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