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System and method for implementing financing on demand service

  • US 20050144126A1
  • Filed: 12/26/2003
  • Published: 06/30/2005
  • Est. Priority Date: 12/26/2003
  • Status: Abandoned Application
First Claim
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1. A method for automatically customizing the implementation of a financing on demand transaction over a network, to provide enhanced ease of product sales through greatly expanded credit access and financial structuring that is prearranged for each customer in addition to accelerated invoice settlement, the method comprising:

  • automatically generating a customer'"'"'s entitlement;

    automatically creating a master agreement transaction based on the customer'"'"'s entitlement;

    automatically notifying a financing company and a merchant of a customer'"'"'s credit approval;

    automatically posting a corresponding invoice on a network when a customer transaction is approved; and

    automatically notifying the customer that the invoice has been posted for the customer'"'"'s approval.

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