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 US11/132,067 external-priority patent/US8571978B2/en
Application filed by Visa Int Service Ass, William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau filed Critical Visa Int Service Ass
Priority to EP05759359A priority Critical patent/EP1782254A4/en
Priority to CA002571331A priority patent/CA2571331A1/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

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
EP05759359A EP1782254A4 (en) 2004-06-17 2005-06-14 Method and system for providing assurance and financing services
CA002571331A CA2571331A1 (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
US11/132,067 US8571978B2 (en) 2004-06-17 2005-05-17 Method and system for providing assurance and financing services
US11/132,067 2005-05-17
US11/131,602 2005-05-17
US11/131,605 US8571977B2 (en) 2004-06-17 2005-05-17 Method and system for providing seller bank receivable discounting aggregation services
US11/131,602 US8606697B2 (en) 2004-06-17 2005-05-17 Method and system for providing buyer bank payable discounting services
US11/132,102 US20050283433A1 (en) 2004-06-17 2005-05-17 Method and system for providing seller bank receivable discounting services
US11/131,679 2005-05-17
US11/132,102 2005-05-17
US11/131,605 2005-05-17
US11/131,679 US8566231B2 (en) 2004-06-17 2005-05-17 Method and system for providing buyer bank payable discounting aggregation services

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

Similar Documents

Publication Publication Date Title
WO2006071881A3 (en) Multi-party transaction processing system and approach
WO2007086999A3 (en) System and method for facilitating commercial transactions
WO2008042823A3 (en) Systems, methods and apparatuses for a payment facilitation engine
WO2004114168A8 (en) A system and method for facilitating on-line payment
WO2005124635A3 (en) Financial institution-based transaction processing system and approach
WO2006026576A3 (en) Micro-payment system architecture
WO2004090673A3 (en) Consumer transaction-based marketing of goods and services
EP1162580A3 (en) Order placement and payment settlement system
TW367451B (en) Method of facilitating trade in goods and/or services
WO2002101507A3 (en) Integrated electronic exchange of structured contracts with dynamic risk-based transaction permissioning
WO2006127414A3 (en) System for offering a futures contract indexed to entertainment revenue
WO2008059465A3 (en) Secure financial transactions
WO1999041687A3 (en) Method, system, and computer program product for trading interest rate swaps
WO2002035758A3 (en) Identity insurance transaction method
WO2001055815A3 (en) Method and apparatus for conducting electronic commerce transactions using electronic tokens
WO2002075501A3 (en) Hybrid credit card transaction system
WO2005033853A3 (en) Systems and methods for staging transactions, payments and collections
WO2009099828A3 (en) Non-credit account credit rating
BR9915447A (en) Electronic payment system using intermediary account
WO2007044297A3 (en) Systems and methods for transacting business over a global communications network such as the internet
WO2001071681A3 (en) Internet based single entry field electronic payment interface
WO2005010716A3 (en) Method and system to process a transaction in a network-based commerce facility
SG10201706018WA (en) Electronic system and method for determining a credit risk score for an online merchant
WO2006033978A3 (en) Online electronic trading system including lines of credit
WO2004047079A3 (en) An on-line payment method

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A2

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BW BY BZ CA CH CN CO CR CU CZ DE DK DM DZ EC EE EG ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KM KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX MZ NA NG NI NO NZ OM PG PH PL PT RO RU SC SD SE SG SK SL SM SY TJ TM TN TR TT TZ UA UG US UZ VC VN YU ZA ZM ZW

AL Designated countries for regional patents

Kind code of ref document: A2

Designated state(s): BW GH GM KE LS MW MZ NA SD SL SZ TZ UG ZM ZW AM AZ BY KG KZ MD RU TJ TM AT BE BG CH CY CZ DE DK EE ES FI FR GB GR HU IE IS IT LT LU MC NL PL PT RO SE SI SK TR BF BJ CF CG CI CM GA GN GQ GW ML MR NE SN TD TG

121 Ep: the epo has been informed by wipo that ep was designated in this application
WWE Wipo information: entry into national phase

Ref document number: PA/a/2006/014770

Country of ref document: MX

WWE Wipo information: entry into national phase

Ref document number: 2571331

Country of ref document: CA

NENP Non-entry into the national phase

Ref country code: DE

WWW Wipo information: withdrawn in national office

Country of ref document: DE

WWE Wipo information: entry into national phase

Ref document number: 2005759359

Country of ref document: EP

WWE Wipo information: entry into national phase

Ref document number: 1020077001223

Country of ref document: KR

WWE Wipo information: entry into national phase

Ref document number: 200580027429.9

Country of ref document: CN

WWP Wipo information: published in national office

Ref document number: 2005759359

Country of ref document: EP