RESOURCE-ALLOCATION PROCESSING SYSTEM AND APPROACH WITH RESOURCE POOLING
First Claim
Patent Images
1. An automated transaction processing system for processing transactions between parties including transaction entities and resource-allocating institutions that sponsor the entities, the system comprising:
- a database that stores;
contract data sets for each of a multitude of contracts between the transaction entities,profile data sets for each of the transaction entities and resource-allocating institutions, the profile data including auditing rule variables for use as inputs for auditing transaction data sets, andcorrelation data for correlating transaction data sets with a specific contract data set for a contract between transaction entities, and with profile data sets for each of;
the transaction entities and a resource-allocating institution that sponsors at least one of the transaction entities;
a correlation processor configured to use the stored correlation data to correlate received transaction data sets with a specific contract data set and with profile data sets for each of the transaction entities and the resource-allocating institution;
an auditing processor configured, for each transaction data set, to use the correlated contract data sets and profile data sets as inputs to audit the transaction data set to determine a condition of authorization for the transaction data set;
a resource-allocation processor configured to generate an electronic monetary resource-allocation instruction for each transaction data set based upon the determined condition of authorization and the correlated profile data sets; and
a computer-based monetary resource pool processor configured tosource each electronic resource allocation by selecting an electronically-identified pool of monetary resources and providing funds from the selected pool based on;
data characteristics of the transaction data set, term characteristics of the selected pool of resources, and resource-allocation rating data for at least one of a correlated transaction entity and resource-allocating institution,assign a credit term to the provided funds by executing an underwriting function with electronic credit data associated with a multitude of entities for which payment is provided via the selected pool, anddirect an electronic funds transfer to effect settlement for resources allocated via the resource-allocation instruction.
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Abstract
Transaction management for resource pools is facilitated. According to an example embodiment of the present invention, a transaction management approach involves the processing of transactions for different transaction parties involved with different transactions. Resources are allocated for the transactions using a pool of resources, with an associated fee assessed against one or more of the transaction parties for the allocated resource.
148 Citations
18 Claims
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1. An automated transaction processing system for processing transactions between parties including transaction entities and resource-allocating institutions that sponsor the entities, the system comprising:
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a database that stores; contract data sets for each of a multitude of contracts between the transaction entities, profile data sets for each of the transaction entities and resource-allocating institutions, the profile data including auditing rule variables for use as inputs for auditing transaction data sets, and correlation data for correlating transaction data sets with a specific contract data set for a contract between transaction entities, and with profile data sets for each of;
the transaction entities and a resource-allocating institution that sponsors at least one of the transaction entities;a correlation processor configured to use the stored correlation data to correlate received transaction data sets with a specific contract data set and with profile data sets for each of the transaction entities and the resource-allocating institution; an auditing processor configured, for each transaction data set, to use the correlated contract data sets and profile data sets as inputs to audit the transaction data set to determine a condition of authorization for the transaction data set; a resource-allocation processor configured to generate an electronic monetary resource-allocation instruction for each transaction data set based upon the determined condition of authorization and the correlated profile data sets; and a computer-based monetary resource pool processor configured to source each electronic resource allocation by selecting an electronically-identified pool of monetary resources and providing funds from the selected pool based on;
data characteristics of the transaction data set, term characteristics of the selected pool of resources, and resource-allocation rating data for at least one of a correlated transaction entity and resource-allocating institution,assign a credit term to the provided funds by executing an underwriting function with electronic credit data associated with a multitude of entities for which payment is provided via the selected pool, and direct an electronic funds transfer to effect settlement for resources allocated via the resource-allocation instruction. - View Dependent Claims (2, 3, 4, 5, 6)
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7. An automated transaction processing system for processing transactions between parties including transaction entities and resource-allocating institutions that sponsor the entities, the system comprising:
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a database that stores; contract data sets for each of a multitude of contracts between the transaction entities, profile data sets for each of the transaction entities and resource-allocating institutions, the profile data including auditing rule variables for use as inputs for auditing transaction data sets, and correlation data for correlating transaction data sets with a specific contract data set for a contract between transaction entities, and with profile data sets for each of;
the transaction entities and a resource-allocating institution that sponsors at least one of the transaction entities;a correlation processor configured to use the stored correlation data to correlate received transaction data sets with a specific contract data set and with profile data sets for each of the transaction entities and the resource-allocating institution; an auditing processor configured, for each transaction data set, to use the correlated contract data sets and profile data sets as inputs to audit the transaction data set to determine a condition of authorization for the transaction data set; a resource-allocation processor configured to generate an electronic resource-allocation instruction for each transaction data set based upon the determined condition of authorization and the correlated profile data sets; and a computer-based resource pool processor configured to source each electronic resource allocation by selecting an electronically-identified pool of resources and providing resources from the selected pool of resources based on;
data characteristics of the transaction data set, term characteristics of the selected pool of resources, and resource-allocation rating data for at least one of a correlated transaction entity and resource-allocating institution,direct an electronic funds transfer to effect settlement for resources allocated via the resource-allocation instruction, and generate fee data to assess a fee for resources provided via the pool of resources. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A computer-implemented method for processing transactions between parties including transaction entities and resource-allocating institutions that sponsor the entities, the method comprising:
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storing, in a database; contract data sets for each of a multitude of contracts between the transaction entities, profile data sets for each of the transaction entities and resource-allocating institutions, the profile data including auditing rule variables for use as inputs for auditing transaction data sets, and correlation data for correlating transaction data sets with a specific contract data set for a contract between transaction entities, and with profile data sets for each of;
the transaction entities and a resource-allocating institution that sponsors at least one of the transaction entities;at a computer-based correlation processor, using the stored correlation data to correlate received transaction data sets with a specific contract data set and with profile data sets for each of the transaction entities and the resource-allocating institution; at a computer-based auditing processor, for each transaction data set, using the correlated contract data sets and profile data sets as inputs to audit the transaction data set to determine a condition of authorization for the transaction data set; at a computer-based resource-allocation processor, generating an electronic resource-allocation instruction for each transaction data set based upon the determined condition of authorization and the correlated profile data sets; and at a computer-based resource pool processor, sourcing each electronic resource allocation by selecting an electronically-identified pool of resources and providing resources from the selected pool of resources based on;
data characteristics of the transaction data set, term characteristics of the selected pool of resources, and resource-allocation rating data for at least one of a correlated transaction entity and resource-allocating institution,directing an electronic funds transfer to effect settlement for resources allocated via the resource-allocation instruction, and generating fee data to assess a fee for resources provided via the pool of resources.
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Specification