Abstract
Reporters obtained the following quote from the background information supplied by the inventors: “The financial industry is comprised of many thousands of cust omers, vendors, lenders, borrowers, and other bit players that all interact in v arious ways to enable customers to ultimately have access to goods and services provided by the vendors. Credit and debit transactions have long been a way that individuals have managed point of sale transactions to ensure relatively seamle ss transfer of funds from customers, or on their behalf, to vendors for relative ly routine or small transactions. Meanwhile, obtaining a loan from a bank has lo ng been the most common way of obtaining financing for non-routine or larger tra nsactions. More recently, buy now, pay later financing has become a popular opti on.
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