Patent ID: 8234196
Filing Date: 2012-07-31
Classification: G06Q

Abstract:
1. A non-transitory computer readable storage medium encoded with programming for simultaneously collating information from available public, private, and government databases for provision to corrections facilities, authorized bond administrators, and stakeholders for electronic transmission of secured and confirmed data to effectuate implementation of obligation on a property bond as security for court appearances for an accused, the computer readable medium encoded with programming configured to: receive from an applicant an application identifying a property upon which a lien is to be placed to serve as collateral for an issuance of a property bond for release of an incarcerated person, the application having a plurality of identification data on the property and having a plurality of identification data on the applicant; access at least one data store to obtain at least one data point upon which to evaluate the one or more of the identification data on the property and the identification data on the applicant; evaluate the application based upon one or more decision factors; rank the one or more decision factors on a predetermined scale to quantify an impact to the corrections facility, or the like, of acceptance of the property bond from the applicant based on the property identification data and the applicant identification data; calculate a single numerical value representative of the rank of each of the one or more decision factors; compare the calculated value with a predetermined benchmark to determine whether issuance of the property bond is a suitable option for the correction facility, or the like, to accept; and issue the property bond if determined to be a suitable option.