System and method for compiling information for resolving transactions

A system and method for the online settling of a transaction in which network communications are established between a user, such as a debtor, and a server is presented. The design comprises receiving information, at the server, regarding the transaction, seeking available information pertinent to t...

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Bibliographische Detailangaben
1. Verfasser: IMREY G. C.,HOUSE WILLIAM J. III
Format: Patent
Sprache:eng
Schlagworte:
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Beschreibung
Zusammenfassung:A system and method for the online settling of a transaction in which network communications are established between a user, such as a debtor, and a server is presented. The design comprises receiving information, at the server, regarding the transaction, seeking available information pertinent to the transaction from at least one source external to the server and the user, processing data from the available information using a rules based engine including rules established on behalf of a party to the transaction located at the server, and presenting a transaction settlement offer set to the user based on at least one decision made by the rules based engine. While online, the user/debtor may accept one of the offers or engage in further approved negotiation of other offers.