Patent ID: 7742973

Claim:
A system of transacting for a financial instrument, comprising: a. A reporting agency database, including personally identifiable account data related to a financial instrument, wherein the financial instrument represents an account receivable; b. An account database; and c. A processor for: i. Receiving at least a portion of the account data from the reporting agency database to the account database, wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers; ii. Searching the account database for one or more available financial instruments based on a selection criteria; iii. Selecting at least one financial instrument that satisfies the selection criteria from the available financial instruments; iv. Offering a transaction for at least one selected financial instrument; v. Receiving an acceptance to the offered transaction; and vi. Performing the accepted transaction for the at least one selected financial instrument.