ALERT GENERATION BASED ON A GEOGRAPHIC TRANSGRESSION OF A VEHICLE ASSOCIATED WITH A COLLATERAL

A method of associating a geospatial boundary area with a vehicle, determining that the vehicle has transgressed the geospatial boundary area, and generating an alert communication to a party having a security interest in at least one of the vehicle and an ancillary collateral based on the transgres...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: BEERLE TOM, SCHANTZ CURTIS, BOLING BRIAN
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A method of associating a geospatial boundary area with a vehicle, determining that the vehicle has transgressed the geospatial boundary area, and generating an alert communication to a party having a security interest in at least one of the vehicle and an ancillary collateral based on the transgression is disclosed. Also disclosed is the comparison of geospatial data received from a transmitter installed within the vehicle with a predetermined event specified by a lender or provider and dynamically generated using the geospatial data, to make a determination of a predictive indicator of default, delinquency, or loss of value of an asset.