Method and a system for settlement of trading accounts

• US 20020101967A1
• Filed: 11/29/2001
• Published: 08/01/2002
• Est. Priority Date: 08/29/1997
• Status: Active Grant

• Current Assignee: AIP Acquisition LLC
• Original Assignee: Arbinet-Thexchange Incorporated
• Inventors: Eng, Chi, Mashinsky, Alexander, Lemberg, Michael
• Granted Patent: US 6,731,729 B2
• Time in Patent Office: Days
• US Class Current: 379/114.01
• CPC Class Codes: H04M 15/00 Arrangements for metering, time-control or time indication ; Metering, charging or billing arrangements for voice wireline or wireless communications, e.g. VoIP
• CPC Class Codes: H04M 15/46 Real-time negotiation between users and providers or operators
• CPC Class Codes: H04M 15/49 Connection to several service providers
• CPC Class Codes: H04M 15/51 for resellers, retailers or service providers
• CPC Class Codes: H04M 15/8044 Least cost routing

Abstract

A method settling accounts of buyers and sellers of telecommunications services by an online exchange system includes storing data representing a financial account of at least one seller and at least one buyer, wherein the financial account includes at least one of accounts receivable and cash receipts. A service node receives an offer to sell the services from the at least one seller and requests to buy the services from the at least one buyer. The service node then matches the offer and requests in accordance with one or more parameters specified in the offers and requests. A route table is generated based on the routes specified in the matched offers and requests and a switch node is configured based on the route table. Fees are computed based on the usage of the matched routes and the financial accounts of the at least one seller and at least one buyer based on the computer fees.

Claims