Patent ID: 8140346
Filing Date: 2012-03-20
Classification: G06Q

Abstract:
1. A program product stored on a computer readable medium for handling at least one electronic business transaction between a first transaction participant located in a first legal environment and a second transaction participant located in a second legal environment, wherein said business transaction includes a transfer of data or goods or a combination thereof between said first and said second transaction participants, the computer readable medium comprising program code for causing a computer system to perform the following steps: providing first information relating to at least one regulation in said first legal environment; providing second information relating to at least one regulation in said second legal environment; comparing, prior to said transfer of data or goods or a combination thereof, said first and said second information in order to determine compliance between said at least one regulation in said first and said second legal environment; and calculating a risk factor based on the compliance, comparing the risk factor to a threshold value, and providing a compliancy statement to at least the first transaction participant in response to the comparison of the risk factor to the threshold value.