Patent ID: 8571898
Filing Date: 2013-10-29
Classification: G06Q

Abstract:
1. A non-transitory computer readable storage medium storing program code for a method of processing one or more bond applications and of executing a respective surety bond, wherein execution of the program code by one or more processors of a computer system causes the displaying of one or more screens for use in executing the steps of said method, said method comprising; authorizing of an agent, by one or more surety companies using an agent authorization screen, for accessing of the computer system, said access authorizing the agent for issuing surety bonds on behalf of each said one or more surety companies; storing a list, in said storage medium, of said one or more surety companies for which said authorized agent is authorized to issue surety bonds; storing a list, in said storage medium, of one or more bond types; requesting, by a requestor, of a bond from said authorized agent; accessing the computer system, by said authorized agent, using an agent login screen, and entering, by said authorized agent, of information for said requested bond into a bond application screen; selecting a bond type, for said bond application, from said list of more or more bond types; selecting a surety company, for said bond application, from said list of said one or more surety companies; issuing a decision on said bond application; and wherein when said decision comprises approving said bond application, executing said requested bond by: listing a date and a time of said execution on said requested bond, assigning an authorization code for said requested bond, providing said authorization code to the requester, and storing said executed bond in said storage medium; submitting of said bond authorization code, by the requester, to an owner/obligee; accessing the computer system, by the owner/obligee, using an owner/obligee login screen; and verifying said executed bond, by the owner/obligee, by: