System and method for aggregating and delegating signature authority to third parties in commercial transactions
First Claim
Patent Images
1. A method for automating and controlling vendor/authorizing-company commercial transactions done by third party intermediaries comprising:
- a. Providing a computer database where said database comprises information about the identities of said third parties and about the authority of said third parties to conduct commercial transactions on behalf of said authorizing-companies; and
b. Providing a computer network which provides communication between said vendors, said authorizing-companies, and said database; and
c. Providing a plurality of input-output ports connected to said network allowing communication between said vendors and said authorizing-companies to said network;
whereby said vendors can determine whether said third parties are approved to execute commercial transactions on behalf of said authorizing-companies.
0 Assignments
0 Petitions
Accused Products
Abstract
The present invention comprises a computer network, a database, and multiple input-output ports whereby vendors and authorizing-companies share commercial information about the identity of third parties such as authorized buyers, authorized signers, and authorized agents, and various related information including levels and types of signature authority for these third parties. Networked I/O ports provide a means for communicating this information to and from the database by vendors and authorizing-companies.
18 Citations
42 Claims
-
1. A method for automating and controlling vendor/authorizing-company commercial transactions done by third party intermediaries comprising:
-
a. Providing a computer database where said database comprises information about the identities of said third parties and about the authority of said third parties to conduct commercial transactions on behalf of said authorizing-companies; and
b. Providing a computer network which provides communication between said vendors, said authorizing-companies, and said database; and
c. Providing a plurality of input-output ports connected to said network allowing communication between said vendors and said authorizing-companies to said network;
whereby said vendors can determine whether said third parties are approved to execute commercial transactions on behalf of said authorizing-companies. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
-
-
22. A system for automating and controlling vendor/authorizing-company commercial transactions done by third party intermediaries comprising:
-
a. A computer database where said database comprises information about the identities of said third parties and about the authority of said third parties to conduct commercial transactions on behalf of said authorizing-companies; and
b. A computer network which provides communication between said vendors, said authorizing-companies, and said database; and
c. A plurality of input-output ports connected to said network allowing communication between said vendors and said authorizing-companies to said network;
whereby said vendors can determine whether said third parties are approved to execute commercial transactions on behalf of said authorizing-companies. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
-
Specification