Full service trade system
February 10, 2015. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent References 3705384 Electronic funds transfer system Medical insurance verification and processing system International commodity trade exchange System for centralized processing of accounting and payment functions Apparatus for tracking inventory Interactive market management system Electronic funds transfer system ECR having means for establishing a data format and processing entered data in accordance with an established data format Automated order and payment system InventorsAssigneeApplicationNo. 323071 filed on 10/13/1994US Classes:705/37, Trading, matching, or bidding705/39Including funds transfer or credit transactionExaminersPrimary: Au, AmeliaAttorney, Agent or FirmForeign Patent References
International ClassG06F 017/60AbstractA system stores criteria specified by a funder relating to trade transactions for buyers and sellers. The system compares the criteria with a proposed purchase order to determine whether the system can generate a payment guarantee on behalf of the funder for the buyer to the seller. The system also compares subsequent documents relating to an original purchase order with the original purchase order to ensure that the terms of the purchase order are properly fulfilled. When the appropriate conditions for payment are met, the system issues a funds transfer instruction to transfer payment from the buyer to the seller.Other References
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