Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2000-07-27
2008-03-04
Hamilton, Lalita M. (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000
Reexamination Certificate
active
07340433
ABSTRACT:
A method and system for settling a transaction with trade credit value which makes use of computer hardware and software, allows Members of a trade credit settlement system to transfer electronic instruments, called trade credits, in exchange for goods and services. These trade credits are effectively electronic bills of exchange that are divisible, transferable, discountable, continuously available and have been credit-enhanced to A1/P1 status. Sponsors facilitate the system by registering buyers and suppliers as Members in the system and offering them operational accounts and drawdown accounts with authorized lines of credit. A Member-buyer approves the purchase invoice of a Member-supplier and authorizes the Sponsor to transfer trade credit value from the Member-buyer's operational and/or drawdown account into the operational account of the Member-supplier. The trade credit value received by the Member-supplier can be held in the Member-supplier's operational account until it matures, or discount it to cash before it matures, or transfer it to other Members for the purchase of goods or services.
REFERENCES:
patent: 5583760 (1996-12-01), Klesse
patent: 5677955 (1997-10-01), Doggett et al.
patent: 5694552 (1997-12-01), Aharoni
patent: 5732400 (1998-03-01), Mandler et al.
patent: 6267292 (2001-07-01), Walker et al.
patent: 6338050 (2002-01-01), Conklin et al.
patent: 2066540 (1979-12-01), None
patent: WO 92/04679 (1992-03-01), None
patent: WO 97/30407 (1997-08-01), None
patent: WO 00/52555 (2000-09-01), None
“New Uses Make Smart Cards the Intelligent Choice”, Bank Network News. Chicago: Jun. 11, 1993. vol. 12, Iss.2; p. 2.
International Search Report on International Application No. PCT/IB00/01056, dated Mar. 15, 2001 (mailing date).
“Invoiceless Trading System,” Copyright 2000 Fast 101 Pty Ltd, Printed Jul. 10, 2000.
The TAD Program, Copyright 2000 Actrade Capital, Inc. Vendor Financing, Printed Jul. 10, 2000.
Web page entitled “tapX, the assured payment exchange”, Printed Apr. 26, 2001.
Hatfield Roy
Kay Alan
Stone David
Hamilton Lalita M.
Kilpatrick & Stockton LLP
Orbian Management Limited
LandOfFree
System and method of transaction settlement using trade credit does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method of transaction settlement using trade credit, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method of transaction settlement using trade credit will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3962579