Patent ID: 8554673
Filing Date: 2013-10-08
Classification: G06Q

Abstract:
1. A computer-implemented method for conducting a payment exchange between a buyer and a seller, comprising: routing, via a computer, an electronic invoice comprising information stored in a global database from the seller to the buyer; receiving, via the computer, approval of the electronic invoice from the buyer; receiving, via the computer, a request from the buyer to offer the seller early payment in exchange for a discount on an amount owed at a time when no agreed upon discount is available based on the electronic invoice or pre-agreed terms between the buyer and the seller, wherein the discount is based on a daily discount rate calculated as an annual hurdle rate divided by a number of calendar days per year, wherein the discount is specified by the buyer, and wherein the early payment is to be made on one or more selected days of a week specified by the buyer; presenting to the seller on a user interface, via the computer, the electronic invoice the buyer has offered the seller early payment in exchange for the discount on the amount owed at a time when no agreed upon discount is available; providing to the seller on the user interface, via the computer, a first selectable option associated with the electronic invoice that, when selected by the seller, allows the seller to view the discount; and providing to the seller on the user interface, via the computer, a second selectable option that, when selected by the seller, allows the seller to accept the discount.