System and method for resolving transactions using weighted scoring techniques

Abstract

A system and method for the online settling of a transaction is provided. The system includes a computing device, such as a server or server arrangement, having a rules configured to process available data regarding the debtor party using rules established on behalf of the party to the financial transaction and weighting factors accorded to selected available data related to the debtor party. The rules and weighting factors are employed to establish a transaction settlement offer set conveyable to the user and comprising multiple simultaneously presentable and individually selectable offers, each offer configured to settle the transaction on terms satisfactory to the party to the transaction.

What is claimed is: 
     
         1 . A system for settling a debt, comprising:
 a computing device configured to receive communications from a user, comprising:
 a rules based engine including rules established on behalf of a party to the debt; 
 the computing device configured to process data from the available financial information and establish a transaction settlement offer set based on the rules established on behalf of the party to the debt, selected available financial information, and weighting factors accorded to the selected available financial information, wherein selected available financial information is a subset of the available financial information; 
   wherein the transaction settlement offer set comprises multiple simultaneously presentable and individually selectable offers, each simultaneously presentable and individually selectable offer configured to settle the transaction on terms satisfactory to the party to the debt;   wherein the weighting factors are available to computing device, and the rules based engine is configured to apply weighting factors to and determine the transaction settlement offer set based only on the selected available financial information.   
     
     
         2 . The system of  claim 1 , wherein the computing device is further configured to selectively employ the selected available financial information and weighting factors to determine a subsequent transaction settlement offer set after the transaction settlement offer set has been transmitted. 
     
     
         3 . The system of  claim 1 , wherein the computing device is configured to selectively employ at least one piece of selected available financial information by giving no weight to the at least one piece of selected available financial information in formulating the transaction settlement offer set. 
     
     
         4 . The system of  claim 1 , further comprising a parsing module configured to receive the available financial information and parse information based on the rules established on behalf of the party to the debt. 
     
     
         5 . The system of  claim 1 , wherein the server further comprises a portfolio management module configured to manage a portfolio comprising a plurality of transactions based on actions taken by multiple users and aspects associated with the portfolio. 
     
     
         6 . The system of  claim 1 , wherein the rules based engine relies on at least one dictionary employed to translate received information into information used within the server. 
     
     
         7 . The system of  claim 1 , wherein the computing device further comprises a payment processing module configured to present the user with at least one payment option related to at least one offer in the transaction settlement offer set. 
     
     
         8 . A system configured to settle a debt between a debtor party and a party to the debt, comprising:
 a computing device comprising:
 a rules engine configured to process available data regarding the debtor party using:
 rules established on behalf of the party to the financial transaction; and 
 weighting factors accorded to selected available data related to the debtor party wherein selected available data is a subset of the available data; 
 
   wherein the rules and weighting factors are employed by the rules engine to establish a transaction settlement offer set comprising multiple simultaneously presentable and individually selectable offers, each offer configured to settle the debt on terms satisfactory to the party to the debt;   wherein the weighting factors are available to the rules engine for all available data configured for processing by the computing device, and the rules engine is configured to determine the transaction settlement offer set based only on the selected available data using at least one weighting factor.   
     
     
         9 . The system of  claim 8 , wherein the computing device is further configured to provide a selectable option enabling the debtor party to provide at least one debtor party settlement term in response to the transaction settlement offer settlement set. 
     
     
         10 . The system of  claim 9 , wherein the computing device is further configured to selectively employ the at least one debtor party settlement term to determine a subsequent transaction settlement offer set. 
     
     
         11 . The system of  claim 10 , wherein selectively employing the at least one debtor party settlement term comprises providing zero weighting to at least one debtor party settlement term. 
     
     
         12 . The system of  claim 8 , wherein the computing device is further configured to receive the at least one debtor party settlement term and formulate a subsequent transaction settlement offer set. 
     
     
         13 . The system of  claim 8 , wherein the computing device further comprises a parsing module configured to receive the available financial information and parse information based on the rules established on behalf of the party to the debt. 
     
     
         14 . The system of  claim 8 , wherein the computing device further comprises a portfolio management module configured to manage a portfolio comprising a plurality of transactions based on actions taken by multiple debtor parties and aspects associated with the portfolio. 
     
     
         15 . The system of  claim 8 , wherein the computing device is further configured to provide certain at least one zero weighting for financial information unavailable at the computing device. 
     
     
         16 . The system of  claim 8 , wherein the rules based engine relies on at least one dictionary employed to translate received information into information used within the computing device. 
     
     
         17 . The system of  claim 8 , wherein the computing device further comprises a payment processing module configured to present the debtor party with at least one payment option related to at least one offer in the transaction settlement offer set. 
     
     
         18 . The system of  claim 8 , wherein weightings are further applied to financial information unrelated to the debtor party. 
     
     
         19 . A method of settling a debt between a debtor entity and a creditor entity, comprising:
 employing, at a computing device, a set of criteria provided by the creditor entity to establish a set of acceptable transaction settlement conditions based on at least one weighting factor applied to at least one piece of financial information relating to the debtor party;   establishing, at the computing device, a transaction settlement offer set conveyable to the debtor entity and based on the set of criteria provided by the creditor entity and at least one weighting factor applied to at least one piece of financial information relating to the debtor entity, the transaction settlement offer set comprising multiple simultaneously presentable and individually selectable offers, each offer configured to settle the transaction on terms satisfactory to the creditor entity;   wherein the at least one weighting factor comprises a value, and the computing device is configured to apply a subset of the plurality of weighting factors to and determine the transaction settlement offer set based on available financial information.   
     
     
         20 . The method of  claim 19 , further comprising providing, from the computing device, a selectable option enabling the debtor entity to provide at least one debtor entity settlement term in response to the transaction settlement offer settlement set.