Patent ID: 8095459
Filing Date: 2012-01-10
Classification: G06Q

Abstract:
1. A computer implemented method for providing customer initiated flexible financing for one or more purchases, wherein the method is executed by a programmed computer processor, the method comprising the steps of: issuing a card product to a customer for financing a plurality of products and services, including at least one revenue producing property; analyzing one or more financing options available to the customer prior to a purchase of the at least one revenue producing property using the programmed computer processor; authorizing a future purchase of the at least one revenue producing property to enable the customer to purchase the at least one revenue producing property with the card product, wherein the card product provides the ability to make a combination of an online purchase, phone order purchase and merchant location purchase; receiving a customer contact after the purchase is made for designating one or more of the one or more financing options available to the customer for financing of the at least one revenue producing property, wherein the one or more financing options comprise one or more of installment loan, asset-backed loan, line of credit, product lease and equipment lease; transferring a balance attributed to the card product to one or more designated financing options; and transforming the purchase into a secured loan secured by the at least one revenue producing property or an unsecured loan.