Patent ID: 8396790
Filing Date: 2013-03-12
Classification: G06Q

Abstract:
1. A method for paying in a commercial transaction between a supplier and a buyer, the method comprising: essentially neutralizing a trade risk associated with payment for an existing commercial transaction resulting from a relationship between a buyer and a supplier for the delivery goods or services from said supplier to said buyer, said commercial transaction including credit terms permitting payment for said goods or services at a future date; engaging, via a computer processor, a collaborative financing of trade credit service center which includes a storage device and is linked to a communication network, which obtains capital from one or more financial institutions against a commitment of said buyer and paying outstanding supplier's invoices for the delivered goods and services at a future date after delivery from the supplier; paying a portion of said capital to said supplier in advance of said future date, honoring said commitment to pay outstanding supplier's invoices for the delivered goods and services on or about said future date; and distributing between said buyer and said collaborative financing of trade credit service center a difference between capital obtained from said one or more financial institutions and said portion paid to said supplier.