Patent ID: 8346611

Claim:
A settlement processor system for processing a commodity transaction for a fixed price, the settlement processor system being part of a third party system and being communicatively coupled with a merchant financial institution and a customer financial institution to provide settlement and resettlement services, the settlement processor system comprising: one or more processors; an interface operable, on the one or more processors, to receive information about a transaction from a merchant point-of-sale device, wherein the information about the transaction includes an identifier for a customer account and a price for the transaction; an identifier component in communication with the interface, the identifier component operable, on the one or more processors, to determine whether the received identifier is related to a fixed price agreement; a settlement engine in communication with the identifier component, the settlement engine operable, on the one or processors, to transmit settlement information to the customer financial institution to settle the transaction by transfer of funds to the merchant financial institution; and a broker in communication with the settlement engine and the identifier component, the broker operable, on the one or more processors, to receive the transaction information when the identifier component determines the received identifier is related to a fixed price agreement, the broker operable to generate a resettlement transaction for the difference between the fixed price in the fixed price contract and the price for the transaction and send the resettlement transaction, wherein the settlement engine transmits resettlement information to the merchant financial institution to reimburse the customer by transfer of funds to the customer financial institution.