초록 ▼

Transaction management for financial institution-based transactions is facilitated. According to an example embodiment of the present invention, a transaction management approach involves the processing of financial aspects of transactions for a plurality of buyers using transaction rules associated

Transaction management for financial institution-based transactions is facilitated. According to an example embodiment of the present invention, a transaction management approach involves the processing of financial aspects of transactions for a plurality of buyers using transaction rules associated with each buyer for automatically auditing each transaction (for each buyer) and any associated invoices. When a transaction or series of transactions are approved for payment for a particular buyer, the payment is automatically facilitated on behalf of the particular buyer. A fee is then assessed for each transaction or series of transactions, to one or more of the particular buyer, involved seller (or sellers), and a sponsor of the buyer that sponsors the buyer's participation.

대표청구항 ▼

What is claimed is: 1. An automated transaction processing system for electronically processing transactions involving buyers and sellers, the system comprising: a correlation database that stores contract data sets, each set being defined pursuant to a stored agreement between the buyer and seller

What is claimed is: 1. An automated transaction processing system for electronically processing transactions involving buyers and sellers, the system comprising: a correlation database that stores contract data sets, each set being defined pursuant to a stored agreement between the buyer and seller involved in the transaction to which the contract data set applies, profile data for each transaction including payment terms defined by at least one of a buyer and seller in each transaction, the payment terms including information that, when used with transaction data in an algorithm executed by a computer processor, generates payment approval data, and underwriting data stored for each of a multitude of disparate financier parties that finance transactions by extending credit for providing payment for the transactions, a transaction processor arrangement programmed to process electronic transactions according to the stored contract data sets and profile data, each transaction being characterized by a transaction data set received from a transaction participant, the transaction processor arrangement comprising a correlation engine configured to correlate each received set of transaction data with a contract data set, with profile data for the transaction and with underwriting data for a financier that will underwrite payment for the transaction, a computer-implemented auditing engine programmed, for each transaction involving a buyer and at least one seller, to execute an algorithm for auditing a transaction data set for the transaction using the correlated contract data set and profile data for the transaction as inputs to the algorithm to determine a condition of payment authorization for the transaction, and to generate computer-readable audit data characterizing the audit, a computer-implemented underwriting engine programmed, for each transaction data set for which payment is authorized, to execute an algorithm using the correlated underwriting data as an input to authorize the extension of credit to fund the payment, a computer-implemented payment processor programmed, for each transaction data set, to process electronic payment to each seller financial institution pertaining to the transaction data set in response to generated audit data indicating that payment to the seller is appropriate for at least one transaction involving the seller and a buyer, using an extension of credit authorized via the underwriting engine, and a computer-implemented fee assessment engine programmed to assess a transaction processing fee, for each seller to which electronic payment is made, by generating computer-readable fee data that associates the fee and a fee amount with a seller for which the fee data is generated. 2. The system of claim 1, wherein the auditing engine audits transaction data including electronic invoice data by authenticating the electronic invoice data in response to an electronic data communication from the buyer indicating that an amount in the invoice is payable, and generating computer-readable audit data indicating the authentication, and the payment processor finances and processes payment to a seller financial institution for a seller specified in the invoice data in response to the generated computer-readable audit data indicating the authentication. 3. The system of claim 1, wherein the auditing engine audits the transaction data using stored computer-readable profile data for the at least one seller, the profile data indicating information that can be processed by the auditing engine to generate the computer-readable audit data. 4. The system of claim 1, wherein the payment processor reflects the payment to the seller in a credit account for the buyer. 5. The system of claim 4, wherein the fee assessment engine assesses a fee against a seller receiving electronic credit-based payment in response to the generated approval data by generating computer-readable fee data that associates the fee and the fee amount with the seller. 6. The system of claim 1, wherein the computer-implemented underwriting engine is configured to underwrite the extension of credit to buyers for electronic payment made to a seller's financial institution using credit data in profile information for the buyers specifying a sponsoring financier underwriting payments made on behalf of the buyers, and generate computer-readable approval data for extending credit to a buyer to fund the payment for each underwritten transaction, the payment processor is programmed to process electronic credit-based payment to a seller financial institution in response to the generated audit data and the generated approval data, and reflects the payment to the seller in a credit account for the buyer, and the fee assessment engine assesses a fee to the seller on behalf of a sponsoring financier underwriting the payment by generating computer-readable fee data that associates the fee and a fee amount with the seller for which the fee data is generated. 7. The system of claim 1, wherein the computer-implemented underwriting engine is programmed to underwrite the extension of credit to sellers for electronic payment made to the seller's financial institution using credit data in profile information for the buyers, and generate computer-readable approval data for extending credit to a seller for each underwritten transaction, the payment processor is programmed to process electronic credit-based payment to a seller financial institution in response to the generated audit data and the generated approval data, and reflects the payment to the seller in a credit account for the seller, and the fee assessment engine assesses a fee to the seller for the underwriting by generating computer-readable fee data that associates the fee and a fee amount with the seller for which the fee data is generated. 8. The system of claim 1, wherein the auditing engine audits the transaction data by comparing the transaction data to stored contract data to determine whether payment is appropriate. 9. The system of claim 1, wherein the fee assessment engine assesses a transaction processing fee by generating transaction processing fee data in accordance with computer-readable contract data for a contract between a seller receiving payment and an operator of the transaction processor arrangement. 10. The system of claim 1, wherein the payment processor finances and processes payment by providing an electronic payment to the seller financial institution for an amount owed by the buyer to the seller, less a transaction processing fee assessed against the seller by the fee assessment engine. 11. The system of claim 1, wherein the auditing engine audits transaction data including seller invoice data by processing the invoice data using stored contract data for the transaction, and the payment processor finances and processes electronic payment to a seller financial institution for a seller specified in the invoice data in response to the audit data indicating that payment is appropriate for the seller invoice data. 12. The system of claim 10, wherein the auditing engine audits transaction data including seller invoice data for an invoice that is pre-approved for payment by a buyer to which the invoice applies by generating computer-readable audit data, for the payment processor, indicating that payment is pre-approved. 13. The system of claim 1, wherein the payment processor facilitate electronic settlement to collect funds from a buyer to cover payments made to sellers on behalf of the buyer. 14. The system of claim 1, wherein the payment processor electronically acquires data specifying a right to collect funds from buyers for transactions for which the payment processor finances and processes electronic payment to sellers, and facilitates electronic settlement to collect funds from buyers to cover payments made to sellers on behalf of the buyers. 15. The system of claim 1, wherein the fee assessment engine generates the computer-readable fee data by generating data that includes information for providing at least a portion of the assessed fee to a buyer involved in the transaction for which the fee is assessed. 16. The system of claim 1, further including a computer-implemented receivables processor to interact with the payment processor to facilitate payment to sellers in accordance with transaction data and profile information for the seller, and track each payment against accounts receivable information for the seller to which the payment is made. 17. A method for electronically processing transactions involving buyers and sellers using, for each transaction, electronic profile data that is appropriate to each buyer/seller pairing and a contract data set defined as a function of the buyer and a predefined business relationship between the buyer and at least one seller, the method comprising: programming a computer processor with software to process electronic transactions according to the stored contract data sets and profile data, by for each transaction involving a buyer and at least one seller, auditing transaction data using a stored contract data set and profile data for the transaction to determine a condition of payment for the transaction, and generating computer-readable audit data characterizing the audit, the contract data set being defined pursuant to an agreement between the buyer and seller involved in the transaction, the profile data including data defining payment terms for the buyer/seller pairing in the transaction, financing and processing electronic payment to a seller financial institution by generating and outputting electronic payment data in response to generated audit data indicating that payment to the seller is appropriate for at least one transaction involving the seller and a buyer, and assessing a transaction processing fee, for each seller to which electronic payment is made, by generating computer-readable fee data that associates the fee and a fee amount with a seller for which the fee data is generated. 18. The method of claim 17, wherein the step of auditing includes auditing electronic invoice data by authenticating the electronic invoice data in response to an electronic data communication from the buyer indicating that an amount in the invoice is payable, and generating computer-readable audit data indicating the authentication, and the step of financing and processing electronic payment includes generating an electronic payment to a seller financial institution for a seller specified in the invoice data in response to the generated computer-readable audit data indicating the authentication. 19. The method of claim 17, further including underwriting the extension of credit to buyers using credit data in profile information for the buyers and generating computer-readable approval data for extending credit to a buyer for each underwritten transaction, and wherein the step of financing and processing electronic payment includes financing and processing electronic credit-based payment to a seller financial institution in response to the generated audit data and the generated approval data for extending credit to a buyer, and reflecting the payment to the seller in a credit account for the buyer. 20. The method of claim 17, further including underwriting the extension of credit to buyers for electronic payments made to seller financial institutions using credit data in profile information for the buyers that specifies a sponsoring financier for underwriting payments made on behalf of the buyers, and generating computer-readable approval data for extending credit to each buyer for which a transaction is underwritten, wherein the step of financing and processing electronic payment includes financing and processing electronic credit-based payment to a seller financial institution in response to the generated audit data and the generated approval data, and reflecting the payment to the seller in a credit account for the buyer, and wherein the step of assessing a transaction processing fee includes assessing a fee to the seller on behalf of a sponsoring financier underwriting the payment by generating computer-readable fee data that associates the fee and a fee amount with the seller for which the fee data is generated. 21. The method of claim 17, further including underwriting the extension of credit to sellers for electronic payment made to the sellers' financial institutions using credit data in profile information for buyers on behalf of which the payment is based, and generating computer-readable approval data for extending credit to each seller for each underwritten transaction for the seller, wherein the step of financing and processing electronic payment includes financing and processing electronic credit-based payment to a seller financial institution in response to the generated audit data and the generated approval data, and reflecting the payment to the seller in a credit account for the seller, and wherein the step of assessing a transaction processing fee includes assessing a fee to the seller for the underwriting by generating computer-readable fee data that associates the fee and a fee amount with the seller for which the fee data is generated. 22. A transaction-based computer processor for processing payable funds for transactions between buyers and sellers, wherein at least one of a buyer and seller in each transaction transacts with a system administrator to process a payment account for the at least one of a buyer and seller, the computer processor being independent from the buyers and sellers and configured with software to: for each of a plurality of seller invoice data sets, associate the seller invoice data set with a transaction involving a buyer and seller using predefined contract data for a contract between the buyer and the seller, audit the associated invoice data set using the predefined contract data and audit data specified by the buyer in the transaction to determine a condition of payment for the transaction, and generate computer-readable audit data characterizing the audit; for each buyer, process electronic payment to sellers' financial institutions in response to generated audit data indicating that payment to a seller is appropriate for at least one invoice data set for the seller; and assess a transaction processing fee for each processed electronic payment by generating computer-readable fee data that associates the assessed fee and fee amount with a seller for which the electronic payment is generated. 23. The processor of claim 22, wherein the transaction processing fee is assessed in an amount that is a percentage of the processed electronic payment. 24. The processor of claim 22, wherein the transaction processing fee includes a fee assessed against the buyer and the seller for each payment. 25. The processor of claim 22, wherein the electronic payment is processed in accordance with contract data between an operator of the processor arrangement and at least one of the buyer and seller involved the each transaction for which payment is processed. 26. The system of claim 1, wherein the computer-implemented auditing engine is programmed to audit each transaction data set using the contract data and profile data as inputs to determine that at least a portion of a transaction has reached payable status, and the computer-implemented payment processor is programmed, for each buyer, to finance and process a single electronic payment to each seller's financial institution to which the buyer owes funds to cover all transactions involving the seller and having been determined to reach payable status during a predefined period. 27. The method of claim 17, wherein auditing includes auditing each transaction-data set using the contract data and profile data as inputs to determine that at least a portion of a transaction has reached payable status, and financing and processing electronic payment includes, for each buyer, generating a single electronic payment instruction to each seller's financial institution to which the buyer owes funds to cover all transactions involving the seller and having been determined to reach payable status during a predefined period. 28. The processor of claim 22, wherein the computer processor is configured with software to audit the invoice data by auditing each invoice data set using the contract data as an input to determine that at least a portion of a transaction has reached payable status, and process electronic payment, for each buyer, by generating a single electronic payment instruction to each seller's financial institution to which the buyer owes funds to cover all transactions involving the seller and having been determined to reach payable status during a predefined period.