Facilitating electronic auction of prepayment of an invoice
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United States of America Patent
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Mar 5, 2013
Grant Date -
May 10, 2012
app pub date -
Nov 9, 2010
filing date -
Nov 9, 2010
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Embodiments for facilitating an electronic auction of prepayment of an invoice are disclosed. One method includes a supplier and a buyer approving the invoice with definite terms. The supplier electronically submits the invoice with proposed prepayment terms to an exchange platform. The exchange platform provides an electronic auction of the invoice with proposed prepayment terms to a plurality of bidders and receiving a bid from at least one of the plurality of bidders. Payment of the invoice between the winning bidder and the supplier is electronically facilitated if a winning bid is received.
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