Transaction finance processing system and approach
US8712884B2 · kind B2 · utility
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10Claims
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Assignee
Inventor
Key dates
| Filing date | Oct 4, 2007 |
| Grant date | Apr 29, 2014 |
| Priority date | — |
| Expiry date | Oct 22, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Transaction management for processing payment-related aspects of transactions is facilitated. According to an example embodiment of the present invention, a transaction management approach involves the processing of payments on behalf of a buyer or other owing party. These payments are made, e.g., in connection with accounts payable or other functions implemented by the buyer/owing party. In some applications, the payment processing involves a trade credit approach, wherein payment is made on behalf of the buyer/owing party against a credit-type account.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.