SYSTEMS AND METHODS FOR EXECUTING SMART PAYMENTS
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United States of America
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Issued Date -
Apr 10, 2025
app pub date -
Oct 10, 2023
filing date -
Oct 10, 2023
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Abstract
Systems and methods for executing smart payments are disclosed. According to an embodiment, a method for executing smart payments may include: (1) receiving, by a computer program and from a borrower, a bulk payment for a plurality of loans; (2) retrieving, by the computer program, information on each of the loans, wherein the information comprises a payment amount due for the loan; (3) determining, by the computer program and using a machine learning model that is trained with prior payments to the loans by the borrower, a payment allocation of the bulk payment for each of the loans; and (4) providing, by the computer program, the payment allocation to a loan system for each of the loans, wherein the loan system for each of the loans executes a payment to the loan for the payment allocation.
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