Patent ID: 11908004
Assignee: nan
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 16:
17. A credit routing system, including a computing device, wherein the credit routing system is for:
receiving a credit request from a mobile creditee computing device from a mobile creditee requesting a credit line for use with a vendor, wherein the credit request is initiated by the mobile creditee computing device so the credit line can be used to complete a purchase transaction at the vendor;
identifying at least one mobile creditor, each using a mobile creditor computing device, who has previously indicated a willingness to make at least a portion of credit held for the benefit of the at least one mobile creditor at a third party financial institution available to mobile creditees;
providing the credit request from the mobile creditee computing device to the system, so as to enable the at least one mobile creditor to offer the at least a portion of credit held for the benefit of the at least one mobile creditor for use by the mobile creditee;
receiving an approval along with purchasing rules selected by the mobile creditor, the purchasing rules including purchasing restrictions imposed by the mobile creditor that must be applied by a vendor before any funds may be accepted by the vendor for payment;
providing the approval, the purchasing rules, the purchasing restrictions, and an authorization code to the mobile creditee computing device to be used in making a payment at the vendor;
receiving confirmation from the vendor that the payment conforms to the purchasing rules, the purchasing restrictions, and includes the authorization code; and
processing the payment for a purchase transaction for the mobile creditee using the purchasing rules, the purchasing restrictions, and the authorization code to access the at least a portion of credit held for the benefit of the at least one mobile creditor to enable the mobile creditee to complete the purchase.