Validation approach for auditing a vendor-based transaction

US8396811B1 · kind B1 · utility

Assignee

• Syncada LLC · US

Inventor

• Dean W. Hahn-Carlson · Windom, US

Key dates

• Filing date: Mar 17, 2000
• Grant date: Mar 12, 2013
• Expiry date: Sep 26, 2024

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer processing system for auditing transaction information between vendors and service providers servicing a third party's needs. The system also includes those transactions involving shippers and carriers. The system is particularly suited to efficiently and automatically audit and effect payment of a transaction and to efficiently provide access to relevant transaction and subscription information. According to one example embodiment, the system includes a processor arrangement that helps vendors validate transactions between service providers and third party customers. In some cases the system is able to monitor transactions initiated by the service provider, for the benefit of the customer, committing the vendor to certain actions not readily known by vendor. However, this is acceptable if the service provider uses a service quotation generating system, provided by the vendor, that has pre-determined parameters that vendor is willing to be committed to in order to immediately secure the new subscriber.