CONDITIONALLY PERMITTING ACCESS OF TRACKED GEOSPATIAL LOCATION DATA OF A VEHICLE OF A BORROWER BY A LENDING INSTITUTION
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United States of America Patent
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Issued Date -
Feb 20, 2014
app pub date -
Aug 14, 2012
filing date -
Aug 14, 2012
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method includes receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed in the vehicle. The vehicle is associated with a borrower in a loan agreement or a lease agreement with a lending institution. The method also includes permitting a financial entity server associated with the lending institution access to the geospatial location data at the tracking server upon the vehicle exceeding one or more threshold parameter(s) related to the geospatial location data stored thereat and/or the borrower exceeding a threshold parameter related to the loan agreement or the lease agreement stored at the financial entity server.
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