Electronic factoring

Details Electronic factoring Electronic factoring

2006-07-25

2006-07-25

Vincent, David (Department: 3628)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S028000, C705S035000, C705S037000, C705S039000, C705S040000, C705S041000

Reexamination Certificate

active

07082412

ABSTRACT:
The present invention is a method and system for electronic factoring. An electronic platform is provided for guaranteeing payment of receivables. Information from users is input into a profile database upon the electronic platform and is accessible by all users. The buyers are assigned a credit limit and are able to purchase from vendors within that credit limit. The payments for these purchases are guaranteed by a guaranteeing financial institution with is aligned with the platform.

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