Patent ID: 7287004

Claim:
A processor-implemented system for providing an integrated financing service that allows a plurality of vendors to integrate a leasing service as part of a sales transaction, the system comprising: a computer configured to communicate via a network; a first network device configured to communicate with the computer, and to provide lease prices for items within an electronic shopping catalog to a plurality of vendors; a second network device to request lease terms from a vendor, upon a selection by a customer of a payment option for an item within the electronic shopping catalog; a lease calculation device for automatically determining the lease terms for the item; a proposal generation device for automatically transmitting and proposing the lease terms via the network to the customer for approval, as an alternative to a direct purchase of the item; and a vendor commitment to finance module configured to send an acknowledgement to the plurality of vendors via the network in response to an approval by the customer, acknowledging that the sale of the item is based on the lease terms that have been approved by the customer.