System and method for electronic processing of vehicle transactions based on image detection of vehicle license plate

• Main Authors: Chung, David Ching-Chien, Wach, Hans Brandon, White, Solomon John, Wilbert, Anthony Russell, Rauker, Goran Matko
• Format: Patent
• Language: English
• Published: 15.12.2020
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; ELECTRIC COMMUNICATION TECHNIQUE; ELECTRICITY; HANDLING RECORD CARRIERS; PHYSICS; PRESENTATION OF DATA; RECOGNITION OF DATA; RECORD CARRIERS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR; TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION

A system and method is provided for automatically identifying a vehicle and facilitating a transaction related to the vehicle. The system includes a first computing apparatus having an image sensor that captures optical images of a vehicle and an interface that transmits the captured optical image. The system further includes a remote server that receives the transmitted and captured optical image, automatically scans the captured optical image to identify one or more distinguishing features of the vehicle, automatically compares the identified distinguishing features with a unique feature database that includes respective vehicle identification information associated with unique vehicle features, automatically identify the vehicle identification information that corresponds to the vehicle upon determining a match, automatically identify vehicle configuration information based on the identified vehicle identification information, and automatically transmit the identified vehicle configuration information to the first computing apparatus to be displayed thereon.