METHOD AND APPARATUS FOR REAL TIME ON LINE CREDIT APPROVAL

Patent №

US 6,405,181

Granted

2002-06-11

Filed 1998

Owner

NEXTCARD, INC.

Lab

AI components

2

ml · planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

09185201

A system and method are disclosed for providing real time approval of credit over a network. The method includes obtaining applicant data from an applicant. The applicant data is analyzed into a form suitable for directly obtaining a credit report from a credit bureau for the applicant. A credit report having credit report data is obtained from a credit bureau for the applicant. It is then determined whether to accept the applicant using the credit report data and it is communicated to the applicant that the applicant has been approved.

Machine learningPlanningG06Q 30/06G06Q 40/02G06Q 40/03G06Q 40/08

AI classification

Planning0.96
Machine learning0.88
Knowledge representation0.05
Natural language0.01
AI hardware0.00
Vision0.00
Speech0.00
Evolutionary computation0.00

Ownership

NEXTCARD, INC.

assignment · 99360991

Assignors

LENT, JEREMY R., LENT, MARY, MEEKS, ERIC R., CAI, YINZI, COLTRELL, TIMOTHY J., DOWHAN, DAVID W.

On an employer assignment, the assignors are typically the inventors.

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