Patent ID: 9589300
Date: 2017-03-07
CPC Classifications: G06Q

Claim:
1. A method for settling a preexisting financial obligation owed to a party implemented on a computing system, the method comprising: causing a server arrangement configured to employ dictionaries stored in XML format to provide preexisting financial obligation information to a user, including an amount of money currently owed to the party to the preexisting financial obligation; causing the server arrangement to seek available financial information including information about the user's current financial condition, the information about the user's current financial condition based on data obtained from at least one financial credit information service; processing data from the available financial information at the server arrangement using a rules based engine including rules established on behalf of the party to the preexisting financial obligation and using at least one of a plurality of dictionaries in XML format to process data in XML format based on one of a plurality of schemas and at least one of the plurality of dictionaries in XML format to translate available financial information about the user into pertinent information usable within the server arrangement; and causing the server arrangement to present an offer set to the user based on at least one decision made by the rules based engine based on the user's current financial condition, the offer set comprising a plurality of simultaneously displayed individually selectable monetary offers selectable by the user, each simultaneously displayed individually selectable monetary offer including at least one decisioned monetary settlement term comprising a monetary amount calculated specifically for the user based on the rules established on behalf of the party to the preexisting financial obligation and available financial information about the user's current financial condition using at least one of the plurality of dictionaries in XML format to process data in XML format based on one of a plurality of schemas, each individually selectable monetary offer selectable by the user to settle the preexisting financial obligation; wherein upon selection of one simultaneously displayed individually selectable monetary offer by the user, the server arrangement obtains user payment information and processes at least a portion of the one simultaneously displayed individually selectable monetary offer selected by the user; wherein the plurality of schemas is usable to import credit information related to the user to the server arrangement and each schema is configured to match credit information related to the user produced by different data sources and credit information related to the user is mapped to at least one dictionary in XML format using one schema; wherein each of the plurality of dictionaries in XML format is configured to translate terms within at least one schema to a system recognizable term.