Inventory-based payment processing system and approach

US8751337B2 · kind B2 · utility

Assignee

• Syncada LLC · US

Inventor

• Dean W. Hahn-Carlson · Windom, US

Key dates

• Filing date: Jan 25, 2008
• Grant date: Jun 10, 2014
• Expiry date: Sep 20, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Transaction management for financial institution-based transactions is facilitated in various example embodiments. According to one such embodiment, a transaction management approach involves the processing of financial aspects of a transaction using transaction rules associated with a buyer for auditing the transaction and any associated invoices. A processor arrangement processes transactions for merchant offerings subject to a related set of inventory data by auditing the transactions relative to inventory data corresponding to an inventory to which the transaction applies and stored contract data for the transaction, by processing payment in response thereto, and by assessing a processing fee against one or more parties to the transaction.