Systems and methods for managing consolidated purchasing, billing and payment information
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Aug 21, 2012
Grant Date -
N/A
app pub date -
Mar 19, 2008
filing date -
Mar 19, 2008
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method, system and computer-usable medium are disclosed for managing purchase, billing, and payment transactions. A unique identifier of a consolidated purchase card account, issued by a service provider to a user, is accepted by a plurality of vendors as a proxy of the unique identifier of their own vendor-issued purchase card account. Purchase transactions resulting from acceptance of the consolidated purchase card account are processed to produce an individual billing statement for each vendor. The individual billing statements are aggregated into a consolidated billing statement by the service provider, which is then presented to the user on behalf of each vendor. The user reviews the consolidated billing statement and provides payment instructions to the service provider. The payment instructions are processed to pay funds from a funding account of the user to each respective vendor.
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