Patent ID: 8473359
Filing Date: 2013-06-25
Classification: G06Q

Abstract:
1. A method for using an internet accessible computer system to conduct business to business operations among a plurality of buyer companies and a plurality of seller companies, wherein the internet accessible computer system has at least one computer server connected to the internet, comprising the steps of: (a) registering each of the plurality of seller companies with the internet accessible computer system through the at least one computer server, wherein each of the registered seller companies sells goods to a corresponding one of the plurality of buyer companies, and the corresponding one buyer company makes payment for the goods sold by that registered seller company; (b) registering each of the plurality of buyer companies with the internet accessible computer system through the at least one computer server, wherein based on the registration request by a buyer company the computer system checks whether there is a corresponding registered seller company that exists for the buyer company, if there is no corresponding registered seller company that exists for the buyer company, a notification of failing to register is generated and sent to the buyer company by the computer system, and if there is a corresponding registered seller company that exists for the buyer company, the internet accessible computer system proceeds with registration of the buyer company; (c) issuing by a business entity in control of the internet accessible computer system through the at least one computer server at the beginning of a first predetermined time period t (d) receiving cash or cash equivalents payments by the business entity through the at least one computer server from the registered buyer companies, wherein the cash or cash equivalents payment are made by the registered buyer companies for goods sold by the corresponding registered seller companies to the registered buyer companies, respectively; (e) aggregating in every first predetermined time period t (f) making cash or cash equivalents payments by the business entity through the at least one computer server to the registered seller companies aggregated in a second amount, {M (g) converting a number of N