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Method and system for providing buyer bank payable discounting services

  • US 20050283430A1
  • Filed: 05/17/2005
  • Published: 12/22/2005
  • Est. Priority Date: 06/17/2004
  • Status: Active Grant
First Claim
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1. A system for providing payable discounting services, comprising:

  • control logic configured to monitor a plurality of transactions between a buyer and a seller, wherein for each transaction, a payment is owed by the buyer to the seller; and

    control logic configured to allow a buyer bank to offer buyer bank payable discounting (BBPD) to the seller using information collected from monitoring the plurality of transactions;

    wherein the buyer bank handles processing of payables for the plurality of transactions on behalf of the buyer.

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