METHOD AND SYSTEM FOR USING PAYMENT HISTORY FOR CONDUCTING COMMERCIAL TRANSACTIONS
First Claim
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1. A method comprising:
- receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system;
receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller; and
providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interaction with the buyer or the seller,wherein the transaction information comprises future receivable information and future payable information associated with the buyer or the seller, wherein the entity matches payables and receivables after the transaction information is provided to the entity.
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Abstract
A method is disclosed. The method includes receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system, and then receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller. The method further includes providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller.
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Citations
29 Claims
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1. A method comprising:
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receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system; receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller; and providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interaction with the buyer or the seller, wherein the transaction information comprises future receivable information and future payable information associated with the buyer or the seller, wherein the entity matches payables and receivables after the transaction information is provided to the entity. - View Dependent Claims (2, 3, 4, 5, 6, 8, 9)
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7. A method comprising:
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receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system; receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller; and providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interaction with the buyer or the seller, wherein a payment due date is associated with the commercial transaction, and wherein the method further comprises; receiving funds advanced by the entity and then forwarding the funds to the seller on an advance payment date prior to the payment due date; and debiting an account of the buyer on the payment due date. - View Dependent Claims (24, 25, 26, 27, 28, 29)
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10. (canceled)
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11. A computer readable medium comprising:
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code for receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system; code for receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller; and code for providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller, wherein the transaction information comprises future receivable information and future payable information associated with the buyer or the seller, wherein the entity matches payables and receivables after the transaction information is provided to the entity. - View Dependent Claims (12, 13, 14, 15, 16, 18, 19, 21, 22, 23)
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17. A computer readable medium comprising:
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code for receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system; code for receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller; and code for providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller, wherein a payment due date is associated with the commercial transaction, and wherein the computer readable medium further comprises; code for receiving funds advanced by the entity and then forwarding the funds to the seller on an advance payment date prior to the payment due date; and code for debiting an account of the buyer on the payment due date.
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20. (canceled)
Specification