Financial institution-based transaction processing system and approach
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United States of America Patent
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app pub date -
Jun 9, 2005
filing date -
Nov 12, 1996
priority date (Note) -
Abandoned
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Abstract
Transaction processing for financial institution-based transactions is facilitated. According to an example embodiment of the present invention, a transaction processing approach involves the processing of financial aspects of a transaction between buying and selling parties using transaction rules associated with a sponsoring financial institution. Transaction-related information is processed as a function of business rules associated with the sponsoring financial institution to facilitate payment for the transaction and the assessment of fees associated with the transaction processing.
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