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AUTOMATED TRANSACTION PROCESSING SYSTEM AND APPROACH

  • US 20100057595A1
  • Filed: 11/10/2009
  • Published: 03/04/2010
  • Est. Priority Date: 11/12/1996
  • Status: Active Grant
First Claim
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1. A transaction-processing system for facilitating transactions involving merchant offerings among parties, the system comprising:

  • a transaction databank having a plurality of anchor locations, each anchor location for storing a plurality of transaction-profile attributes that correspond to a transaction, wherein aspects of each transaction being characterized by transaction-based documents that are respectively provided by different parties to the transaction; and

    a computer arrangement, including a processor, configured and programmed for;

    for a common transaction, identifying at least of the parties in the transaction and also attributes being carried by the respective transaction-based documents as respectively provided from the different parties to the common transaction,using the identified attributes to construct a plurality of transaction-profile attributes in a particular one of the anchor locations, andin response to another transaction-based document for the common transaction carrying the identified attributes, using the constructed transaction-profile attributes in the particular anchor location to authenticate and the common transaction and to advance progress toward completion of the transaction.

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