JUST IN TIME TRANSACTIONS

• US 20080103965A1
• Filed: 10/31/2006
• Published: 05/01/2008
• Est. Priority Date: 10/31/2006
• Status: Active Grant

• Current Assignee: Xylon LLC (Intellectual Ventures LLC)
• Original Assignee: International Funding Partners LLC (Intellectual Ventures LLC)
• Inventors: Foster, Chuck
• Granted Patent: US 8,060,437 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 20/3829 involving key management
• 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 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system and method of terminating a transaction between a merchant and customer are disclosed.

Claims

1. A method comprising:

authorizing a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established on behalf of said entity;

receiving information indicative of conditions and/or events; and

selectively enabling completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a payment notification to said merchant based, at least in part, on said received information.

2. The method of claim 1, wherein at least one of said customers comprises an employee of said entity.

3. The method of claim 1, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative of a change in budget circumstances concerning said entity.

4. The method of claim 1, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative a cash flow event affecting said entity.

5. The method of claim 1, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative of resource requirements planning of said entity.

6. The method of claim 1, and further comprising presenting one or more alternative transactions in response to terminating said non-cash transaction.

7. The method of claim 1, wherein said receiving information indicative of said conditions and/or events comprises receiving information identifying opportunities to purchase said goods and/or services from merchants.

8. A method comprising:

authorizing a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established with a financial intermediary on behalf of said entity;

receiving information indicative of conditions and/or events; and

selectively enabling completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a request for payment to said financial intermediary based, at least in part, on said received information.

9. The method of claim 8, wherein at least one of said customers comprises an employee of said entity.

10. The method of claim 8, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative of a change in budget circumstances concerning said entity.

11. The method of claim 8, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative a cash flow event affecting said entity.

12. The method of claim 8, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative of resource requirements planning of said entity.

13. The method of claim 8, and further comprising presenting one or more alternative transactions in response to terminating said non-cash transaction.

14. The method of claim 8, wherein said receiving information indicative of said conditions and/or events comprises receiving information identifying opportunities to purchase said goods and/or services from merchants.

15. An apparatus comprising:

a computing platform, said computing platform being adapted to;

authorize a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established on behalf of said entity;

receive information indicative of conditions and/or events; and

selectively enable completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a payment notification to said merchant based, at least in part, on said received information.

16. The apparatus of claim 15, wherein at least one of said customers comprises an employee of said entity.

17. The apparatus of claim 15, wherein said information indicative of conditions and/or events further comprises information indicative of a change in budget circumstances concerning said entity.

18. The apparatus of claim 15, wherein said receiving information indicative of conditions and/or events further comprises receiving information indicative a cash flow event affecting said entity.

19. The apparatus of claim 15, wherein said information indicative of conditions and/or events further comprises information indicative of resource requirements planning of said entity.

20. The apparatus of claim 15, wherein said computing platform is further adapted to present one or more alternative transactions in response to terminating said non-cash transaction.

21. The apparatus of claim 15, wherein said information indicative of said conditions and/or events comprises information identifying opportunities to purchase said goods and/or services from merchants.

22. An apparatus comprising:

a computing platform, said computing platform being adapted to;

authorize a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established with a financial intermediary on behalf of said entity;

receive information indicative of conditions and/or events; and

selectively enable completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a request for payment to said financial intermediary based, at least in part, on said received information.

23. The apparatus of claim 22, wherein at least one of said customers comprises an employee of said entity.

24. The apparatus of claim 22, wherein said information indicative of conditions and/or events further comprises information indicative of a change in budget circumstances concerning said entity.

25. The apparatus of claim 22, wherein said information indicative of conditions and/or events further comprises information indicative a cash flow event affecting said entity.

26. The apparatus of claim 22, wherein said information indicative of conditions and/or events further comprises information indicative of resource requirements planning of said entity.

27. The apparatus of claim 22, wherein said computing platform is further adapted to present one or more alternative transactions in response to terminating said non-cash transaction.

28. The apparatus of claim 22, wherein said information indicative of said conditions and/or events comprises information identifying opportunities to purchase said goods and/or services from merchants.

29. A apparatus comprising:

means for authorizing a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established on behalf of said entity;

means for receiving information indicative of conditions and/or events; and

means for selectively enabling completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a payment notification to said merchant based, at least in part, on said received information.

30. The apparatus of claim 29, wherein at least one of said customers comprises an employee of said entity.

31. The apparatus of claim 29, wherein said means for receiving information indicative of conditions and/or events further comprises means for receiving information indicative of a change in budget circumstances concerning said entity.

32. The apparatus of claim 29, wherein said means for receiving information indicative of conditions and/or events further comprises means for receiving information indicative a cash flow event affecting said entity.

33. The apparatus of claim 29, wherein said means for receiving information indicative of conditions and/or events further comprises means for receiving information indicative of resource requirements planning of said entity.

34. The apparatus of claim 29, and further comprising means for presenting one or more alternative transactions in response to terminating said non-cash transaction.

35. The apparatus of claim 29, wherein said means for receiving information indicative of said conditions and/or events comprises means for receiving information identifying opportunities to purchase said goods and/or services from merchants.

36. An apparatus comprising:

means for authorizing a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established with a financial intermediary on behalf of said entity;

means for receiving information indicative of conditions and/or events; and

means for selectively enabling completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a request for payment to said financial intermediary based, at least in part, on said received information.

37. The apparatus of claim 36, wherein at least one of said customers comprises an employee of said entity.

38. The apparatus of claim 36, wherein said means for receiving information indicative of conditions and/or events further comprises means for receiving information indicative of a change in budget circumstances concerning said entity.

39. The apparatus of claim 36, wherein said means for receiving information indicative of conditions and/or events further comprises means for receiving information indicative a cash flow event affecting said entity.

40. The apparatus of claim 36, wherein said means for receiving information indicative of conditions and/or events further comprises means for receiving information indicative of resource requirements planning of said entity.

41. The apparatus of claim 36, and further comprising means for presenting one or more alternative transactions in response to terminating said non-cash transaction.

42. The apparatus of claim 36, wherein said means for receiving information indicative of said conditions and/or events comprises means for receiving information identifying opportunities to purchase said goods and/or services from merchants.

43. An article comprising:

a storage medium comprising machine-readable instructions stored thereon that, when executed, are adapted to cause a computing platform to;

authorize a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established on behalf of said entity;

receive information indicative of conditions and/or events; and

selectively enable completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a payment notification to said merchant based, at least in part, on said received information.

44. The article of claim 43, wherein at least one of said customers comprises an employee of said entity.

45. The article of claim 43, wherein said information indicative of conditions and/or events further comprises information indicative of a change in budget circumstances concerning said entity.

46. The article of claim 43, wherein said information indicative of conditions and/or events further comprises information indicative a cash flow event affecting said entity.

47. The article of claim 43, wherein said information indicative of conditions and/or events further comprises information indicative of resource requirements planning of said entity.

48. The article of claim 43, wherein said machine-readable instructions, when executed, are further adapted to present one or more alternative transactions in response to terminating said non-cash transaction.

49. The article of claim 43, wherein said information indicative of said conditions and/or events comprises information identifying opportunities to purchase said goods and/or services from merchants.

50. An article comprising:

a storage medium comprising machine-readable instructions stored thereon which, when executed, are adapted to cause a computing platform to;

authorize a plurality of customers to initiate non-cash transactions for purchase of goods and/or services on behalf of an entity, said non-cash transactions being financed by a credit account established with a financial intermediary on behalf of said entity;

receive information indicative of conditions and/or events; and

selectively enable completion of a non-cash transaction initiated by one of said customers for the purchase of a good and/or service from a merchant by transmitting a request for payment to said financial intermediary based, at least in part, on said received information.

51. The apparatus of claim 50, wherein at least one of said customers comprises an employee of said entity.

52. The apparatus of claim 50, wherein said information indicative of conditions and/or events further comprises information indicative of a change in budget circumstances concerning said entity.

53. The apparatus of claim 50, wherein said information indicative of conditions and/or events further comprises information indicative a cash flow event affecting said entity.

54. The apparatus of claim 50, wherein said information indicative of conditions and/or events further comprises information indicative of resource requirements planning of said entity.

55. The apparatus of claim 50, wherein said instructions, when executed, are further adapted to cause said computing platform to present one or more alternative transactions in response to terminating said non-cash transaction.

56. The apparatus of claim 50, wherein said information indicative of said conditions and/or events comprises information identifying opportunities to purchase said goods and/or services from merchants.