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Methods and systems for discounts management

  • US 8,554,673 B2
  • Filed: 12/01/2004
  • Issued: 10/08/2013
  • Est. Priority Date: 06/17/2004
  • Status: Active Grant
First Claim
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1. A computer-implemented method for conducting a payment exchange between a buyer and a seller, comprising:

  • routing, via a computer, an electronic invoice comprising information stored in a global database from the seller to the buyer;

    receiving, via the computer, approval of the electronic invoice from the buyer;

    receiving, via the computer, a request from the buyer to offer the seller early payment in exchange for a discount on an amount owed at a time when no agreed upon discount is available based on the electronic invoice or pre-agreed terms between the buyer and the seller, wherein the discount is based on a daily discount rate calculated as an annual hurdle rate divided by a number of calendar days per year, wherein the discount is specified by the buyer, and wherein the early payment is to be made on one or more selected days of a week specified by the buyer;

    presenting to the seller on a user interface, via the computer, the electronic invoice the buyer has offered the seller early payment in exchange for the discount on the amount owed at a time when no agreed upon discount is available;

    providing to the seller on the user interface, via the computer, a first selectable option associated with the electronic invoice that, when selected by the seller, allows the seller to view the discount; and

    providing to the seller on the user interface, via the computer, a second selectable option that, when selected by the seller, allows the seller to accept the discount.

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