Processing financial products

Abstract

Financing obtained from a lender may be processed by a retailer in a manner similar to a credit card. For example, transaction data associated with a transaction to acquire one or more items from the retailer may be entered at a point of sale terminal of the retailer. A request may be sent for a temporary shopping pass associated with an account of a consumer at the lender. The temporary shopping pass may be used as a virtual payment instrument to access financing (e.g., a loan, a lease, or a credit) provided by the lender. After receiving the temporary shopping pass, the shopping pass data included in the temporary shopping pass, such as a one-time card number, may be entered into the point of sale terminal. The transaction may be completed by processing the shopping pass data as a credit card type tender using the point of sale terminal.

1 . (canceled) 
     
     
         2 . A method performed by one or more processors executing instructions at a first device, the method comprising:
 receiving, from a second device via a network, a first data package corresponding to transaction data associated with a transaction to acquire one or more items from a retailer, the first data package comprising a request for a temporary shopping pass for the transaction, wherein the temporary shopping pass comprises a payment instrument corresponding to secured financing provided by a lender;   receiving, at the first device, respective credit offers from one or more lenders based at least in part on receiving the first data package;   comparing, at the first device, retailer-specific financing criteria to corresponding offer values of the respective credit offers to identify a valid offer;   weighing, by the first device, one or more criteria associated the valid offer based on retailer-specific weighting criteria;   selecting, by the first device, the lender to provide the temporary shopping pass based on weighing the one or more criteria associated with the valid offer; and   transmitting a second data package comprising the temporary shopping pass financed by the lender based at least in part on the selection, the temporary shopping pass including shopping pass data configured for processing by the retailer as the secured financing to complete the transaction, wherein the temporary shopping pass is configured to be unusable as tender after the transaction is completed.   
     
     
         3 . The method of  claim 2 , wherein transmitting the second data package comprises:
 transmitting the second data package comprising the temporary shopping pass to a third device associated with a user that is acquiring the one or more items from the retailer via the transaction, the third device comprising a mobile phone, or a tablet computing device, or any combination thereof.   
     
     
         4 . The method of  claim 2 , wherein transmitting the second data package comprises:
 transmitting the second data package comprising the temporary shopping pass to the second device, the second device comprising a point of sale terminal, or a kiosk, or any combination thereof.   
     
     
         5 . The method of  claim 2 , further comprising:
 receiving a third data package comprising the temporary shopping pass from a fourth device associated with the lender, or a bank, or any combination thereof, wherein the second data package comprising the temporary shopping pass is transmitted based at least in part on receiving the third data package.   
     
     
         6 . The method of  claim 2 , wherein the transaction is suspended until the second data package is transmitted to the second device. 
     
     
         7 . The method of  claim 2 , wherein the transaction is saved until the second data package is transmitted to the second device. 
     
     
         8 . The method of  claim 2 , wherein the transaction data comprises at least one of:
 one or more respective amounts corresponding to each item from the one or more items;   a discount amount associated with the transaction;   a. sales tax amount associated with the transaction;   a shipping amount associated with the transaction; or   a total amount associated with the transaction.   
     
     
         9 . The method of  claim 8 , wherein receiving the request for the temporary shopping pass is based on the total amount of the transaction. 
     
     
         10 . The method of  claim 2 , wherein the second data package comprises at least one of:
 a credit limit of the temporary shopping pass;   a one-time card number of the temporary shopping pass;   an expiration date of the temporary shopping pass;   a shopping pass identifier; and   a security code comprising at least three digits.   
     
     
         11 . The method of  claim 2 , wherein the temporary shopping pass is associated with an account of a user acquiring the one or more items from the retailer via the transaction. 
     
     
         12 . The method of  claim 2 , wherein the secured financing provided by the lender comprises a loan, a lease, a line of credit, a credit-card type of tender, a stored value, a currency conversion, a direct electronic debit, or any combination thereof. 
     
     
         13 . A first device comprising:
 one or more processors;   one or more data storage media to store instructions that are executable by the one or more processors to cause the first device to:
 receive, from a second device, a retailer profile including retailer-specific credit information for a retailer associated with the second device, the retailer-specific credit information comprising one or more credit offer attribute thresholds and weighting criteria for generating weighted scores of credit offers; 
 receive a request for a temporary shopping pass from the second device via a network, the request being associated with transaction data for a transaction to acquire one or more items from the retailer, the request comprising at least a portion of the transaction data, wherein the temporary shopping pass comprises a virtual payment instrument providing secured financing by a lender; 
 determine that a primary lender associated with the retailer declined to offer the secured financing; 
 identify a valid credit offer from one or more credit offers received from a plurality of lenders, the valid credit offer being identified based at least in part on comparing the one or more credit offer attribute thresholds to respective offer attribute values of each credit offer from the one or more credit offers; wherein the plurality of lenders comprises the primary lender and one or more secondary lenders; 
 weigh one or more criteria associated with the valid credit offer based on the weighting criteria; and 
 automatically select the lender from the one or more secondary lenders to offer the secured financing based at least in part on determining that the primary lender declined to offer the secured financing and weighing the one or more criteria associated with the valid credit offer; and 
 transmit the temporary shopping pass in response to automatically selecting the lender, the temporary shopping pass associated with an account provided by the lender. 
   
     
     
         14 . The first device of  claim 13 , wherein the temporary shopping pass is transmitted to a third device associated with a user that is acquiring the one or more items from the retailer, the third device comprising a mobile phone, or a tablet computing device, or any combination thereof. 
     
     
         15 . The first device of  claim 13 , wherein the temporary shopping pass is transmitted to the second device, the second device comprising a point of sale terminal, or a kiosk, or any combination thereof. 
     
     
         16 . The first device of  claim 13 , wherein the request for the temporary shopping pass is received based at least in part on a total amount associated with the transaction, and wherein the transaction is suspended until the temporary shopping pass is transmitted. 
     
     
         17 . The first device of  claim 13 , wherein the transaction data comprises at least one of:
 one or more respective amounts corresponding to each item from the one or more items;   a discount amount associated with the transaction;   a sales tax amount associated with the transaction;   a shipping amount associated with the transaction; or   a total amount associated with the transaction.   
     
     
         18 . A method performed by one or more processors executing instructions at a first device, the method comprising:
 receiving, from a second device, a first data package comprising a temporary shopping pass for a transaction to acquire one or more items from a retailer, the temporary shopping pass comprising a payment instrument corresponding to secured financing provided by a lender, wherein the temporary shopping pass is configured to be unusable as tender after the transaction is completed;   transmitting, to a third device associated with a payment network, a second data package comprising the temporary shopping pass for the transaction based at least in part on receiving the first data package;   receiving, from the third device, a third data package comprising an approval of the temporary shopping pass based at least in part on a validation of the temporary shopping pass, wherein the validation is based at least in part on a quantity of funds available in an account associated with the temporary shopping pass; and   transmitting, to the second device, a fourth data package comprising the approval of the temporary shopping pass, wherein the transaction is completed based at least in part on the approval.   
     
     
         19 . The method of  claim 18 , wherein the first data package further comprises account data derived from the account, the account data comprising a sixteen digit account identifier, or a three digit security code, or a four digit security code, or an expiration date of the temporary shopping pass, or any combination thereof. 
     
     
         20 . The method of  claim 18 , wherein the first device is associated with an acquiring bank that processes the secured financing for the transaction on behalf of the retailer, wherein the secured financing comprises a credit card payment, or a debit card payment, or any combination thereof. 
     
     
         21 . The method of  claim 18 , wherein the secured financing provided by the lender comprises a loan, a lease, a line of credit, a stored value, a currency conversion, a direct electronic debit, or any combination thereof.