Witness system

Details Witness system Witness system

1998-11-03

2008-08-26

Zeender, F. (Department: 3627)

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

Automated electrical financial or business practice or...

C705S044000, C705S064000

Reexamination Certificate

active

07418397

ABSTRACT:
A witness system using EDI (electronic data interchange) to perform efficient distribution and account settlement processes between selling and buying companies. A buying company makes documents according to delivery or order vouchers, and electronically sends the documents to a selling company via a notarization authority. The selling company compares the authentication documents with delivery or order vouchers the selling company issued, and, after determining that the documents are correct executes a confirmation response to the notarization authority. The notarization authority registers the documents in the witness server's receipts detail table and notifies the buying and selling companies that the notarization authority authenticated the documents. This structure enables the making of accurate detailed payment statements when, for example, a detailed payment statement is made or a funds transfer is executed based on confirmed data. Furthermore, checking the detailed payment statement is made simpler through reference to the witness system server.

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