Method and system for providing buyer bank payable discounting aggregation services

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8566231
APP PUB NO 20050283432A1
SERIAL NO

11131679

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Abstract

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A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.

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Patent Owner(s)

  • VISA INTERNATIONAL SERVICE ASSOCIATION

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Lau, Johnson Singapore, SG 21 759
Lynch, Kerry Pleasanton, US 7 489
Reid, William Castro Valley, US 20 669
Swackhammer, Craig Pleasanton, US 9 523

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11.5 Year Payment $7400.00 $3700.00 $1850.00 Apr 22, 2025
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