Patent ID: 7606744

Claim:
A method for pricing transactions in real-time, the method comprising: receiving by a computerized data processing system a request for a real-time price quote for a transaction of a first account, the request being received at a first instance in time during a billing cycle; said data processing system determining a first production service, the first production service being a component of the transaction; said data processing system determining a count of first production service instances representing the first production service in the transaction; said data processing system determining a billable entity for the transaction, the billable entity comprising one or more related accounts, wherein the one or more related accounts includes the first account; said data processing system determining a total of the first production service instances associated with the one or more related accounts during the billing cycle up to the first instance in time, the total including the count of the first production service instances in the transaction; said data processing system determining a price applicable to the total of the first production service instances based on a pricing method; and said data processing system apportioning the price to the transaction based on the count of the first production service instances in the transaction.