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WO2006009710A3 - Method and system for providing assurance and financing services - Google Patents

Method and system for providing assurance and financing services Download PDF

Info

Publication number
WO2006009710A3
WO2006009710A3 PCT/US2005/021049 US2005021049W WO2006009710A3 WO 2006009710 A3 WO2006009710 A3 WO 2006009710A3 US 2005021049 W US2005021049 W US 2005021049W WO 2006009710 A3 WO2006009710 A3 WO 2006009710A3
Authority
WO
WIPO (PCT)
Prior art keywords
buyer
transaction processing
processing system
sellers
buyers
Prior art date
Application number
PCT/US2005/021049
Other languages
French (fr)
Other versions
WO2006009710A2 (en
Inventor
William Reid
Craig Swackhammer
Kerry Lynch
Johnson Lau
Original Assignee
Visa Int Service Ass
William Reid
Craig Swackhammer
Kerry Lynch
Johnson Lau
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US11/131,605 external-priority patent/US8571977B2/en
Application filed by Visa Int Service Ass, William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau filed Critical Visa Int Service Ass
Priority to CA002571331A priority Critical patent/CA2571331A1/en
Priority to EP05759359A priority patent/EP1782254A4/en
Publication of WO2006009710A2 publication Critical patent/WO2006009710A2/en
Publication of WO2006009710A3 publication Critical patent/WO2006009710A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/03—Credit; Loans; Processing thereof
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Marketing (AREA)
  • Economics (AREA)
  • Development Economics (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)

Abstract

A system (10) for conducting commercial transactions between buyers (12) and sellers (14) is disclosed. The system includes a transaction processing system (10) for facilitating payment for transactions between buyers (12) and sellers (14). In addition to the buyer (12) and the seller (14), the transaction processing system (10) also interacts with issuers and acquirers. The transaction processing system (10) monitors and manages payment information relating to transactions conducted between buyers (12) and sellers (14). Using such information, the transaction processing system (10) further offers a number of additional financing services including, for example, buyer (12) payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.
PCT/US2005/021049 2004-06-17 2005-06-14 Method and system for providing assurance and financing services WO2006009710A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
CA002571331A CA2571331A1 (en) 2004-06-17 2005-06-14 Method and system for providing assurance and financing services
EP05759359A EP1782254A4 (en) 2004-06-17 2005-06-14 Method and system for providing assurance and financing services

Applications Claiming Priority (12)

Application Number Priority Date Filing Date Title
US58102104P 2004-06-17 2004-06-17
US60/581,021 2004-06-17
US11/131,605 US8571977B2 (en) 2004-06-17 2005-05-17 Method and system for providing seller bank receivable discounting aggregation services
US11/132,067 US8571978B2 (en) 2004-06-17 2005-05-17 Method and system for providing assurance and financing services
US11/132,102 2005-05-17
US11/131,602 2005-05-17
US11/131,605 2005-05-17
US11/132,102 US20050283433A1 (en) 2004-06-17 2005-05-17 Method and system for providing seller bank receivable discounting services
US11/131,602 US8606697B2 (en) 2004-06-17 2005-05-17 Method and system for providing buyer bank payable discounting services
US11/131,679 US8566231B2 (en) 2004-06-17 2005-05-17 Method and system for providing buyer bank payable discounting aggregation services
US11/131,679 2005-05-17
US11/132,067 2005-05-17

Publications (2)

Publication Number Publication Date
WO2006009710A2 WO2006009710A2 (en) 2006-01-26
WO2006009710A3 true WO2006009710A3 (en) 2006-03-23

Family

ID=35785663

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/021049 WO2006009710A2 (en) 2004-06-17 2005-06-14 Method and system for providing assurance and financing services

Country Status (4)

Country Link
EP (1) EP1782254A4 (en)
KR (1) KR20070050038A (en)
CA (1) CA2571331A1 (en)
WO (1) WO2006009710A2 (en)

Families Citing this family (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8930267B1 (en) 2012-08-27 2015-01-06 Jpmorgan Chase Bank, N.A. Automated transactions clearing system and method

Citations (8)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5970475A (en) * 1997-10-10 1999-10-19 Intelisys Electronic Commerce, Llc Electronic procurement system and method for trading partners
US6108644A (en) * 1998-02-19 2000-08-22 At&T Corp. System and method for electronic transactions
US20010011255A1 (en) * 1996-12-13 2001-08-02 Alan Asay Reliance management for electronic transaction system
US6324525B1 (en) * 1996-06-17 2001-11-27 Hewlett-Packard Company Settlement of aggregated electronic transactions over a network
US20010047273A1 (en) * 2000-03-17 2001-11-29 Greer Edward Cooper Electronic transaction clearing system
US20030130959A1 (en) * 2001-02-15 2003-07-10 Walter Rosenbaum Closed loop electronic factoring
US20040010463A1 (en) * 1996-11-12 2004-01-15 Hahn-Carlson Dean W. Automated transaction processing system and approach
US6721716B1 (en) * 1999-06-17 2004-04-13 Mobius Management Systems, Inc. Payment certification string and related electronic payment system and method

Patent Citations (8)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6324525B1 (en) * 1996-06-17 2001-11-27 Hewlett-Packard Company Settlement of aggregated electronic transactions over a network
US20040010463A1 (en) * 1996-11-12 2004-01-15 Hahn-Carlson Dean W. Automated transaction processing system and approach
US20010011255A1 (en) * 1996-12-13 2001-08-02 Alan Asay Reliance management for electronic transaction system
US5970475A (en) * 1997-10-10 1999-10-19 Intelisys Electronic Commerce, Llc Electronic procurement system and method for trading partners
US6108644A (en) * 1998-02-19 2000-08-22 At&T Corp. System and method for electronic transactions
US6721716B1 (en) * 1999-06-17 2004-04-13 Mobius Management Systems, Inc. Payment certification string and related electronic payment system and method
US20010047273A1 (en) * 2000-03-17 2001-11-29 Greer Edward Cooper Electronic transaction clearing system
US20030130959A1 (en) * 2001-02-15 2003-07-10 Walter Rosenbaum Closed loop electronic factoring

Also Published As

Publication number Publication date
WO2006009710A2 (en) 2006-01-26
KR20070050038A (en) 2007-05-14
EP1782254A2 (en) 2007-05-09
CA2571331A1 (en) 2006-01-26
EP1782254A4 (en) 2008-05-07

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