Transaction Management System
1 Assignment
0 Petitions
Accused Products
Abstract
A transaction management system (10) for managing transactions associated with a plurality of clients is disclosed. The transaction management system (10) comprises a client database (32) arranged to store transaction data associated with a plurality of clients. The transaction data includes creditor data indicative of outstanding creditor amounts, each creditor amount representing a monetary amount owed by a client to a creditor. The system also comprises a transaction manager device (24) arranged to facilitate access to the creditor data by the clients and to instigate payment to a creditor of a creditor amount in response to authorization by the client. The system (10) is arranged to enable electronic communications between the transaction manager device (24) and at least one remote client terminal (14) so that a client associated with the remote client terminal is able to access creditor data and authorize payment of a creditor from a remote location. A corresponding method is also disclosed.
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Citations
60 Claims
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1-34. -34. (canceled)
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35. A transaction management system for managing transactions associated with a plurality of clients, the transaction management system comprising:
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a client database arranged to store transaction data associated with a plurality of clients, said transaction data including creditor data indicative of outstanding creditor amounts, each creditor amount representing a monetary amount owed by a client to a creditor; and a transaction manager device arranged to facilitate access to the creditor data by the clients and to instigate payment to a creditor of a creditor amount in response to authorization by the client; the system being arranged to enable electronic communications between the transaction manager device and at least one remote client terminal so that a client associated with the remote client terminal is able to access creditor data associated with the client and authorize payment of a creditor from a remote location; wherein the creditors of monetary amounts owed by a client are not able to access the creditor data associated with the client, and for each creditor amount the timing of payment of the creditor amount to a creditor is under control of the client associated with the creditor amount such that payment of the creditor is not effected until authorization is confirmed by the client. - View Dependent Claims (36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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50. A method of managing financial transactions of a plurality of clients, the method comprising:
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storing transaction data associated with a plurality of clients in a client database, said transaction data including creditor data indicative of outstanding creditor amounts, each creditor amount representing a monetary amount owed by a client to a creditor; facilitating electronic access to the creditor data by a client from a remote location; facilitating authorization by a client of payment of a creditor amount to a creditor from a remote location; and instigating payment to a creditor of a creditor amount in response to authorization by a client; wherein the creditors of monetary amounts owed by a client are not able to access the creditor data associated with the client, and for each creditor amount the timing of payment of the creditor amount to a creditor is under control of the client associated with the creditor amount such that payment of the creditor is not effected until authorization is confirmed by the client. - View Dependent Claims (51, 52, 53, 54, 55, 56, 57, 58, 59, 60)
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Specification