Method and system for providing seller bank receivable discounting aggregation services

• US 20050283431A1
• Filed: 05/17/2005
• Published: 12/22/2005
• Est. Priority Date: 06/17/2004
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Swackhammer, Craig, Lynch, Kerry, Lau, Johnson, Reid, William
• Granted Patent: US 8,571,977 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

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.

Claims

1. A system for providing receivable discounting aggregation 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 seller bank to offer seller bank receivable discounting aggregation (SBRDA) to the seller using information collected from monitoring the plurality of transactions;

wherein the seller bank handles processing of receivables for the plurality of transactions on behalf of the seller.

2. The system of claim 1 wherein the control logic configured to allow the seller bank to offer seller bank receivable discounting aggregation (SBRDA) to the seller further comprises:

control logic configured to build a tranche based on a set of criteria specified by the seller bank, wherein the tranche is associated with one or more receivables corresponding to one or more of the plurality of transactions; and

control logic configured to present the tranche as a line of credit to the seller.

3. The system of claim 2 wherein at least one of the one or more receivables is secured.

4. The system of claim 2 wherein at least one of the one or more receivables is unsecured.

5. The system of claim 2 further comprising:

control logic configured to maintain terms and conditions relating to the line of credit, wherein the terms and conditions relating to the line of credit are provided by the seller bank; and

control logic configured to present the terms and conditions relating to the line of credit to the seller.

6. The system of claim 5 wherein the terms and conditions relating to the line of credit are modifiable by the seller bank.

7. The system of claim 2 further comprising:

control logic configured to monitor activities incurred with respect to the tranche.

8. The system of claim 7 further comprising:

control logic configured to modify the tranche in response to the monitored activities.

9. The system of claim 2 further comprising:

control logic configured to allow the seller to issue a SBRDA request; and

control logic configured to forward the SBRDA request to the seller bank;

wherein the set of criteria specified by the seller bank is based on the SBRDA request.

10. The system of claim 2 further comprising:

control logic configured to monitor the one or more receivables associated with the tranche to ensure that the set of criteria is satisfied.

11. The system of claim 2 further comprising:

control logic configured to allow the seller bank to specify the set of criteria to be used to build the tranche.

12. The system of claim 11 wherein the control logic configured to allow the seller bank to specify the set of criteria includes a graphical user interface.

13. The system of claim 2 further comprising:

control logic configured to inform the seller bank once the tranche has been built according to the set of criteria.

14. The system of claim 13 further comprising:

control logic configured to allow the seller bank to offer the tranche as a line of credit to the seller.

15. A system for providing receivable discounting aggregation services, comprising:

a plurality of buyers;

a plurality of sellers;

a plurality of buyer banks handling payable processing for the plurality of buyers;

a plurality of seller banks handling receivable processing for the plurality of sellers; and

a transaction processing system configured to;

monitor a plurality of transactions conducted between the plurality of buyers and the plurality of sellers; and

allow one or more seller banks to offer seller bank receivable discounting aggregation (SBRDA) to one or more of the plurality of sellers respectively using information collected from monitoring the plurality of transactions.

16. The system of claim 15 wherein the transaction processing system is further configured to:

build one or more tranches based respectively on sets of criteria specified by the one or more seller banks, wherein each tranche is associated with a seller bank and includes one or more receivables corresponding to one or more of the plurality of transactions, the one or more receivables being handled by the associated seller bank; and

present the one or more tranches respectively to the one or more of the plurality of sellers as lines of credit.

17. The system of claim 16 wherein at least one of the one or more receivables is secured.

18. The system of claim 16 wherein at least one of the one or more receivables is unsecured.

19. The system of claim 16 wherein the transaction processing system is further configured to:

maintain terms and conditions relating to the lines of credit, wherein the terms and conditions relating to the lines of credit are provided respectively by the one or more seller banks; and

present the terms and conditions relating to the lines of credit respectively to the one or more of the plurality of sellers.

20. The system of claim 19 wherein the terms and conditions relating to the lines of credit are modifiable by the one or more seller banks.

21. The system of claim 16 wherein the transaction processing system is further configured to:

monitor activities incurred with respect to the one or more tranches; and

modify the one or more tranches in response to the monitored activities.

22. The system of claim 16 wherein the transaction processing system is further configured to:

allow one or more of the plurality of sellers to issue SBRDA requests; and

forward the SBRDA requests respectively to one or more seller banks;

wherein the sets of criteria specified by the one or more seller banks are based respectively on the SBRDA requests.

23. The system of claim 22 wherein the transaction processing system is further configured to:

identify the one or more buyer banks to which the SBRPDA requests are to be forwarded.

24. The system of claim 16 wherein the transaction processing system is further configured to:

monitor the one or more receivables in a tranche to ensure that the set of criteria associated with that tranche is satisfied.

25. A transaction processing system comprising:

control logic configured to collect receivable information relating to a plurality of transactions between a plurality of buyers and a plurality of sellers, wherein the receivable information includes information relating to receivables due to be received by a plurality of seller banks from the plurality of buyers on behalf of the plurality of sellers; and

control logic configured to allow the plurality of seller banks to utilize the collected receivable information to offer seller bank receivable discounting aggregation (SBRDA) to the plurality of sellers respectively.

26. The transaction processing system of claim 25 further comprising:

control logic configured to allow a seller to issue a SBRDA request;

control logic configured to identify one or more seller banks that can potentially fulfill the SBRDA request;

control logic configured to allow the one or more seller banks to specify respective sets of criteria to build one or more tranches in response to the SBRDA request;

control logic configured to build the one or more tranches using the collected receivable information; and

control logic configured to allow the one or more seller banks to respectively present the one or more tranches to the seller as lines of credit.

27. The transaction processing system of claim 26 further comprising:

control logic configured to allow the one or more seller banks to respectively specify terms and conditions associated with the one or more tranches.

28. The transaction processing system of claim 27 further comprising:

control logic configured to allow the seller to select one of the one or more tranches for use as a line of credit; and

control logic configured to display the terms and conditions associated with the tranche selected by the seller.

29. The transaction processing system of claim 25 further comprising:

control logic configured to allow one or more seller banks to build one or more tranches respectively using the collected receivable information.

30. The transaction processing system of claim 29 further comprising:

control logic configured to inform a seller of one or more seller bank SBRDA offers made respectively by the one or more seller banks, wherein each seller bank SBRDA offer includes offering a tranche associated with a corresponding seller bank as a line of credit; and

control logic configured to allow the seller to accept or reject the one or more seller bank SBRDA offers.

31. The transaction processing system of claim 29 further comprising:

control logic configured to allow the one or more seller banks to specify respectively sets of criteria to be used to build the one or more tranches.

32. The transaction processing system of claim 31 further comprising:

control logic configured to monitor activities with respect to a tranche to ensure that the set of criteria associated with that tranche is satisfied.

33. The transaction processing system of claim 31 further comprising:

control logic configured to modify a tranche to ensure that the set of criteria associated with that tranche is satisfied.