Factoring system and method

Details Factoring system and method Factoring system and method

2001-09-05

2009-11-10

Kazimi, Hani (Department: 3691)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07617146

ABSTRACT:
A computerized system and method for facilitating proposed factoring transactions between a funding source and a client in which the funding source advances funds to the client based on accounts receivable to the client by one or more customers on one or more invoices includes a computer program that receives instructions from a client to submit one or more invoices to a funding source for an advance of funds on accounts receivable on the chosen invoices and that provides access to invoice data to a funding source for determining whether the funding source will advance funds on the chosen invoices.

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Borgman, R. “Factoring for small business customers”, Journal of Lending & Credit Risk Management, Feb. 1996.
FactorWorks 2.0 Checkpoint Document of Feb. 24, 2000.

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