Patent ID: 11948191
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 7:
8. A computing system comprising processing circuitry and a storage device, wherein the processing circuitry has access to the storage device and is configured to:
receive, from a device over a network, a request for a loan to pay for a service provided by a service device, wherein the request identifies the device and an amount of the loan;
identify another lending device that has performed a previous lending transaction with the device;
obtain, through communications over the network with the other lending device, reference information associated with the device, wherein the reference information associated with the device includes payment timing information for the previous lending transaction;
authorize the loan based on the reference information and the amount of the loan;
generate a digital token associated with the loan, wherein the digital token specifies usage restrictions for the loan; and
output, over the network, the digital token associated with the loan, wherein the digital token enables the device to obtain the service from the service device.