Patent ID: 7231366
Filing Date: 2007-06-12
Classification: G06F,G06Q

Abstract:
1. A global vendor financing server that automatically processes a credit application for a customer, comprising: at least one processor for processing computer software, the computer software comprising a plurality of computer-related instructions included within a plurality of modules including a network interface module, a credit bureau interface module, a scoring module, a pricing module, a documentation module, and a push services module, wherein the network interface module capable of securely communicating with a vendor computer over a computer network including receiving a credit request from the customer for vendor financing and transmitting a credit level for the credit request; the credit bureau interface module capable of communicating with first and second credit bureaus, where the communicating comprises receiving credit information from at least one of the first and second credit bureaus, and where the first and second credit bureaus provide credit information for different countries, the credit information received in a predetermined format from the credit bureaus; the scoring module capable of determining a credit level for the customer as a function of the credit request and the credit information, the scoring module receives the credit information in the predetermined format, automatically processes the credit information, and outputs a credit level for the customer; the pricing module capable of generating a price for providing the vendor financing requested in the credit request; the documentation module capable of generating electronic financing documents including a terms document setting forth terms and conditions of the vendor financing being offered to the customer by the vendor, and audit documents for tracking the vendor financing to satisfy audit requirements; and the push services module capable of generating a list of additional products when the determined credit level for the customer exceeds the credit request, the push services module further capable of transmitting the list of additional products to the customer, wherein the list of additional products transmitted including at least one of products and services having a cost equal to or less than the difference between the determined credit level for the customer and the credit request of the customer.