User interface for presenting capital offers

Patent metadata

Field	Value
Publication number	US-11250503-B1
Application number	US-201715855802-A
Country	US
Kind code	B1
Filing date	Dec 27, 2017
Priority date	Dec 27, 2017
Publication date	Feb 15, 2022
Grant date	Feb 15, 2022

Abstract

A user interface (UI) for presenting capital offers associated with different loan products is described. A service provider can analyze potential borrower data to generate custom capital offers for the potential borrower. A first set of the custom capital offers can be associated with a first loan product and a second set of the custom capital offers associated with a second loan product having different repayment terms than the first loan product. The service provider can receive an indication of interest associated with a capital loan product and, responsive to receiving the indication of interest, can cause a UI to be presented via a display of a device operated by the potential borrower. The UI can include a slider that allows the potential borrower to transition between offers associated with the first loan product and the second loan product to select a custom capital offer of the custom capital offers.

First claim

What is claimed is:

1. A computer-implemented method comprising:
receiving, by a payment processing service and from merchant computing devices associated with merchants, transaction data of transactions performed between the merchants and buyers, the merchant computing devices each executing an instance of a merchant application installed for configuring the merchant computing devices as point-of-sale (POS) terminals, the instances of the merchant application configuring the POS terminals to communicate the transaction data over a network to the payment processing service, the POS terminals including a POS terminal of the POS terminals associated with a merchant of the merchants;
generating, based on transaction data associated with the first merchant, custom capital offers for the merchant, the custom capital offers associated with a first loan product and a second loan product having different repayment terms than the first loan product, wherein:
the first loan product is associated with daily repayment terms indicating that a loan associated with an accepted capital offer is to be repaid daily from a portion of transactions processed by a payment processing service on behalf of the merchant;
the second loan product is associated with monthly repayment terms indicating that a loan associated with an accepted capital offer is to be repaid monthly via a debit from a merchant bank account linked to the payment processing service; and
the first loan product and the second loan product are offered by the payment processing service;
determining an indication that the merchant is interested in at least one capital loan product; and
responsive to determining the indication, presenting, via a display of a device associated with the merchant, a user interface that allows the merchant to (i) transition between the first loan product and the second loan product using a slider and (ii) simultaneously view terms associated with a custom capital offer corresponding to a position of a control of the slider relative to a trackbar of the slider.

2. A computer-implemented method as claim 1 recites, further comprising:
sending, to an address associated with the merchant, an electronic communication associated with a capital loan product, the electronic communication including a mechanism to cause the user interface to be presented;
determining an interaction between the merchant and the mechanism; and
determining the indication based at least in part on the interaction.

3. A computer-implemented method as claim 1 recites, further comprising:
presenting, via a dashboard associated with the payment processing service and the merchant, a notification associated with a capital loan product, the notification including a mechanism to cause the user interface to be presented;
determining an interaction between the merchant and the mechanism; and
determining the indication based at least in part on the interaction.

4. A computer-implemented method as claim 1 recites, further comprising:
presenting, via a website associated with the payment processing service, a webpage associated with a capital loan product, the webpage including a mechanism to cause the user interface to be presented;
determining an interaction between the merchant and the mechanism; and
determining the indication based at least in part on the interaction.

5. A computer-implemented method as claim 1 recites, further comprising:
determining an acceptance of the custom capital offer;
initiating, by the payment processing service, loan processing associated with the custom capital offer; and
transferring, from a bank account associated with the payment processing service and to the merchant bank account associated with the merchant, funds corresponding to at least a portion of the custom capital offer.

6. A computer-implemented method as claim 1 recites, further comprising, based at least in part on transitioning between the first loan product and the second loan product, replacing one or more first terms associated with the first loan product with one or more second terms associated with the second loan product.

7. A computer-implemented method as claim 1 recites, further comprising, based at least in part on transitioning between the first loan product and the second loan product, updating the user interface to visually distinguish between the first loan product and the second loan product.

8. A system associated with a payment processing service, the system comprising:
one or more processors; and
one or more computer-readable media storing instructions executable by the one or more processors to configure the one or more processors to perform operations including:
receiving, by the payment processing service and from merchant computing devices associated with merchants, transaction data of transactions performed between the merchants and buyers, the merchant computing devices each executing an instance of a merchant application installed for configuring the merchant computing devices as point-of-sale (POS) terminals, the instances of the merchant application configuring the POS terminals to communicate the transaction data over a network to the payment processing service, the POS terminals including a POS terminal of the POS terminals associated with a merchant of the merchants;
generating, based on transaction data associated with the first merchant, custom capital offers for the merchant, the custom capital offers associated with a first loan product and a second loan product having different repayment terms than the first loan product, wherein:
the first loan product is associated with daily repayment terms indicating that a loan associated with an accepted capital offer is to be repaid daily from a portion of transactions processed by a payment processing service on behalf of the merchant;
the second loan product is associated with monthly repayment terms indicating that a loan associated with an accepted capital offer is to be repaid monthly via a debit from a merchant bank account linked to the payment processing service; and
the first loan product and the second loan product are offered by the payment processing service;

determining an indication that the merchant is interested in at least one capital loan product; and
responsive to determining the indication, presenting, via a display of a device associated with the merchant, a user interface that allows the merchant to (i) transition between the first loan product and the second loan product using a slider and (ii) simultaneously view terms associated with a custom capital offer corresponding to a position of a control of the slider relative to a trackbar of the slider.

9. A system as claim 8 recites, the operations further comprising:
sending, to an address associated with the merchant, an electronic communication associated with a capital loan product, the electronic communication including a mechanism to cause the user interface to be presented;
determining an interaction between the merchant and the mechanism; and
determining the indication based at least in part on the interaction.

10. A system as claim 8 recites, the operations further comprising:
presenting, via a dashboard associated with the payment processing service and the merchant, a notification associated with a capital loan product, the notification including a mechanism to cause the user interface to be presented;
determining an interaction between the merchant and the mechanism; and
determining the indication based at least in part on the interaction.

11. A system as claim 8 recites, the operations further comprising:
presenting, via a website associated with the payment pr

Assignees

• Square Inc

Inventors

• Jew Walter
• Masoni Juan Ignacio Santa Cruz

Classifications

• G06Q40/03 Primary

  Credit; Loans; Processing thereof · CPC title

• G06F3/04847 Primary

  Interaction techniques to control parameter settings, e.g. interaction with sliders or dials · CPC title

• G06Q20/24

  Credit schemes, i.e. "pay after" · CPC title

• G06Q20/204

  comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit · CPC title

• G06Q20/202

  Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR · CPC title