Patent ID: 7996303

Claim:
A method for conducting a commercial transaction online, said commercial transaction involving a consumer, a lending institution, and a seller, where said seller has a seller-buyer relationship with said consumer, and where said consumer provides payment to said seller using a monetary loan from said lending institution, the method comprising: receiving loan application information for said monetary loan at a first computing system of said lending institution via a network from a second computing system of said consumer, wherein said loan application information includes a loan type of said monetary loan and an amount of said monetary loan; processing said loan application information by said first computing system of said lending institution; generating a unique transaction identification for said monetary loan by the first computing system of said lending institution; electronically providing said unique transaction identification to said second computing system of said consumer via said network; receiving, by said first computing system of said lending institution, said unique transaction identification via said network from a third computing system of said seller, wherein said unique transaction identification was provided from said consumer to said seller to effect payment for goods or services provided from said seller to said consumer; and providing funds based on said monetary loan to said third computing system of said seller from said first computing system of said lending institution to complete said commercial transaction.