Method and system to facilitate financial settlement of service access transactions between multiple parties
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United States of America Patent
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-
Sep 7, 2010
Issued Date -
N/A
app pub date -
Feb 21, 2001
filing date -
Feb 25, 2000
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method to facilitate the financial settlement of service access transactions between multiple parties commences with the automatic collection of data concerning multiple transactions from respective service providers (e.g., ISPs). The multiple transactions are between the multiple service providers and multiple service customers. Respective transaction values are automatically determined for each of the multiple transactions. Account payable balances are automatically updated for the multiple service providers, and account receivable balances are automatically updated for the service customers based on the respective transaction values for each of the multiple transactions.
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