×

Method and System for Transferring Money in Business-to-Business Internet Transactions

  • US 20090198616A1
  • Filed: 04/06/2009
  • Published: 08/06/2009
  • Est. Priority Date: 05/12/2000
  • Status: Active Grant
First Claim
Patent Images

1. A computer-implemented method for providing a business-to-business payment service through a payment enabler computer server independent of the businesses involved in a transaction, comprising:

  • receiving and storing in at least one database registration information corresponding to a transaction privilege assigned to an authorized person associated with a first business;

    receiving at the server notification of an amount owed from the first business to a second business per an agreed upon transaction;

    verifying that a first employee of the first business is an authorized person associated with the first business who has been granted a privilege on behalf of the first business by reference to registration information stored in the at least one database;

    receiving from a remote computer of the first employee of the first business a command to pay the second business the amount owed;

    in response to receipt of the command to pay the second business from the first employee verified in the verifying step, ordering a first transfer of the amount owed from a bank account of the first business into an intermediary bank account through direct debit of the bank account of the first business; and

    ordering a second transfer of the amount owed from the intermediary bank account to a bank account of the second business via a direct deposit into the bank account of the second business.

View all claims
  • 3 Assignments
Timeline View
Assignment View
    ×
    ×