Patent ID: 8175961
Filing Date: 2012-05-08
Classification: G06Q

Abstract:
1. a method comprising: receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system comprising a server computer, wherein the transaction processing system is coupled to a payment processing system which is adapted to process credit and debit card transactions; receiving, by the transaction processing system comprising the server computer, a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller; and determining and providing, by the transaction processing system, the transaction information to the entity, wherein the entity thereafter makes a decision about further interaction with the buyer or the seller, wherein the transaction information comprises future receivable information and future payable information associated with the buyer or the seller, wherein the entity matches and locks down future payables and receivables associated with the buyer and moves residual funds after the transaction information is provided to the entity, wherein a payment due date is associated with the commercial transaction, and wherein the method further comprises receiving the funds advanced by the entity and then forwarding funds to the seller on an advance payment date prior to the payment due date, wherein the entity comprises a buyer bank.