Patent ID: 8606697

Claim:
A computer readable medium stored on a server computer, which executes: control logic on the computer readable medium for monitoring a plurality of transactions between a buyer and a seller, wherein for each transaction, a payment is owed by the buyer to the seller; control logic on the computer readable medium for providing a payment instruction to the buyer for one or more transactions in the plurality of transactions; control logic on the computer readable medium for receiving a request from the buyer for buyer assurance by a buyer bank for the one or more transactions in the plurality of transactions; control logic on the computer readable medium for locking down the one or more transactions for which assurance has been requested by the buyer; and control logic on the computer readable medium for allowing the buyer bank to offer buyer bank payable discounting (BBPD) to the seller using information collected from monitoring the plurality of transactions; wherein the buyer bank handles processing of payables for the plurality of transactions on behalf of the buyer; wherein the control logic configured to allow the buyer bank to offer buyer bank payable discounting (BBPD) to the seller further comprises: control logic on the computer readable medium for displaying to the seller transactions that qualify for BBPD from the buyer bank and allow the seller to request BBPD for one or more transactions selected from the qualified transactions; control logic on the computer readable medium for allowing the buyer bank to approve the selected one or more transactions for BBPD; and control logic on the computer readable medium for allowing the buyer bank to identify the transactions that qualify for BBPD before they are displayed to the seller.