Method and system for providing buyer bank payable discounting services
First Claim
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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Accused Products
Abstract
A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.
186 Citations
24 Claims
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1. A system for providing payable discounting services, comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for providing payable discounting services, comprising:
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a plurality of buyers;
a plurality of sellers;
a plurality of buyer banks handling payable processing for the plurality of buyers; and
a transaction processing system configured to;
monitor a plurality of transactions conducted between the plurality of buyers and the plurality of sellers, wherein for each transaction, a payment is owed by a buyer to a seller; and
allow the plurality of buyer banks to offer buyer bank payable discounting (BBPD) to one or more of the plurality of sellers using information collected from monitoring the plurality of transactions. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A transaction processing system comprising:
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control logic configured to collect payable information relating to a plurality of transactions between a plurality of buyers and a plurality of sellers, wherein the payable information includes information relating to payables due to be paid out by a plurality of buyer banks to the plurality of sellers on behalf of the plurality of buyers; and
control logic configured to allow the plurality of buyer banks to utilize the collected payable information to offer buyer bank payable discounting (BBPD) to the plurality of sellers respectively. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24)
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Specification