METHODS TO ADVANCE LOAN PROCEEDS ON PREPAID CARDS, ASSOCIATED SYSTEMS AND COMPUTER PROGRAM PRODUCTS

摘要

Embodiments of the present invention include systems, computer program products, and associated computer-implemented methods of advancing loan proceeds on prepaid cards. Example embodiments include generating a common interface for loan information when proceeds from the loan are destined for a prepaid card account. As understood by those skilled in the art, the common interface of the embodiments of the present invention is agnostic to the prepaid card processor. Example embodiments include determining the prepaid card processor associated with the prepaid card account from the loan information provided through the common interface and invoking the prepaid processor as one of the plurality of preselected prepaid processors available to post the loan proceeds to the prepaid card account. Example embodiments further include reconciling the information for the approved loan from the underwriter with the information from the prepaid card processor.

主权项

1. A facilitator computer to facilitate funding on a scalable volume of a plurality of loan proceeds to a plurality of prepaid card accounts associated with a plurality of prepaid card processors, the facilitator computer comprising:
one or more processors to process a plurality of loan data received from a first remote computer associated with an underwriter of a plurality of loans to define an underwriter computer, the underwriter computer adapted to approve the plurality of loans responsive to the underwriter computer receiving a plurality of loan applications; one or more input/output units adapted to facilitate communication with the underwriter computer and a plurality of second remote computers each associated with one of a plurality of prepaid card processors adapted to authorize a plurality of transactions for a plurality of prepaid card accounts to define a plurality of prepaid card processor computers, each of the plurality of prepaid card processor computers having a preselected processing protocol different from each other; and one or more non-transitory computer-readable mediums encoded with computer program operable by the one or more processors, the computer program including: a common interface module operable to be a gateway between the underwriter computer and the plurality of prepaid card processors computers, the common interface module comprising a set of instructions that, when executed by the facilitator computer, cause the facilitator computer to perform the operation of: identifying the plurality of prepaid card accounts associated with a plurality of approved loans responsive to receiving the plurality of loan data from the underwriter computer and the underwriter computer approving the plurality of loan applications for a plurality of borrowers each having one or more of the plurality of prepaid card accounts; a prepaid card taxonomy module to identify each of the plurality of prepaid card processor computers associated with the plurality of prepaid card accounts, the prepaid card taxonomy module comprising a set of instructions that, when executed by the facilitator computer, cause the facilitator computer to perform the operation of: determining the plurality of prepaid card processor computers that are adapted to authorize transactions for each of the plurality of prepaid card accounts associated with the plurality of borrowers; and a translator module to communicate using different preselected processing protocols, loan data to the plurality of prepaid card processor computers determined to be associated with the plurality of prepaid card accounts, the translator module comprising a set of instructions that, when executed by the facilitator computer, cause the facilitator computer to perform the operations of: querying the plurality of prepaid card processor computers determined to be associated with the plurality of prepaid card accounts for a plurality of prepaid card processor-specific instructions, each of the plurality of prepaid card processor computers having different preselected processing protocols; generating, a plurality of requests to load loan proceeds to the plurality of prepaid card accounts; and communicating, using each of the different preselected processing protocols of the plurality of prepaid card processor computers and responsive to querying the plurality of prepaid card processor computers for the plurality of prepaid card processor-specific instructions, a plurality of requests to load loan proceeds to the plurality of prepaid card accounts to the plurality of prepaid card processor computers so that proceeds of each of the plurality of approved loans are loaded to the plurality of prepaid card accounts associated with the plurality of borrowers, each of the plurality of requests being compatible with one of the plurality of prepaid card processor-specific instructions.