System and method for payer (buyer) defined electronic invoice exchange

• US 20030220855A1
• Filed: 05/24/2002
• Published: 11/27/2003
• Est. Priority Date: 05/24/2002
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Moore, Robert, McRae, Xuan (Sunny), Lam, Duc, Shanbhogue, Ramnath, Kan, Immanuel
• Granted Patent: US 7,689,482 B2
• Time in Patent Office: Days
• US Class Current: 705/34
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/04 Billing or invoicing

Abstract

A method of effecting transactions between a buyer and a seller. A set of rules for accepting information into a document is received from the buyer. Also defined is the form of presentation of an interface to the seller for creating the seller'"'"'s invoice. Address information for shipping to and billing the buyer is also received from the buyer. The rules for accepting information, the rules regarding presentation and the address information are stored in a storage resource. The rules regarding presentation are accessed from the storage resource, and an interface is presented to the seller based on the accessed rules regarding presentation. The rules for accepting information are accessed from the storage resource, and information for the document based on the accessed rules for accepting information are accepted through the interface. The address information is accessed from the storage resource, and the document with the accepted information is sent to the buyer based on the accessed address information. According to one aspect of the invention, the document comprises an invoice. Alternatively, the document may comprise other documents exchanged between the seller and the buyer. Also described are a data structure including a set of invoice fields and rule for each field in the set and a system for effecting a transaction between a buyer and a seller.

Claims