| 摘要 |
A method and system for processing loan applications and collecting loan payments is provided. As part of a loan application process, information is obtained to verify a consumer's banking information and conduct a bank account balance inquiry. If the loan application is approved, the loan may be funded using a consumer's bank account information. In a collection process, at the time of a scheduled payment, a balance inquiry is run against the consumer's bank account to determine if sufficient funds exist for payment. If not, then the attempt at collection may be rescheduled at a later time. If sufficient funds do exist, then a collection of the payment is initiated against the consumer's bank account as bank card transaction, thus ensuring payment.
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