WO2001033461A1 - Method for dynamic provision of credit information - Google Patents

Method for dynamic provision of credit information Download PDF

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Publication number
WO2001033461A1
WO2001033461A1 PCT/US2000/030028 US0030028W WO0133461A1 WO 2001033461 A1 WO2001033461 A1 WO 2001033461A1 US 0030028 W US0030028 W US 0030028W WO 0133461 A1 WO0133461 A1 WO 0133461A1
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WO
WIPO (PCT)
Prior art keywords
exchange
customer
lci
supplier
buyer
Prior art date
Application number
PCT/US2000/030028
Other languages
French (fr)
Inventor
Donald Dipietro
Original Assignee
Donald Dipietro
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Donald Dipietro filed Critical Donald Dipietro
Priority to AU14484/01A priority Critical patent/AU1448401A/en
Publication of WO2001033461A1 publication Critical patent/WO2001033461A1/en

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Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/403Solvency checks
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/04Payment circuits

Definitions

  • the present invention generally relates to a method for providing credit
  • An Exchange is generally a place where items are exchanged. Commonly, it is a
  • An exchange can operate on any internal revenue model.
  • FIG. 1 shows a representative example of an exchanged-based commercial system
  • FIG. 1 merely shows a representative example and in practice there are a plurality of buyers and
  • connections 140, 150 to the exchange may comprise any wireless or wireline system medium appropriate for establishing connectivity between the exchange 120 and the buyer 110 and the seller 130.
  • the list of system media may include, but is not limited to twisted pair, cable, optical
  • the exchange 120 facilitates commerce between buyer 110 and seller
  • the exchange 120 posts a good or service being offered by the seller 130.
  • the exchange 120 then receives an offer from the
  • the exchange 120 acts as a neutral center to establish an interactive communication link
  • the exchange will be responsible for collecting the incremental revenue due from each advertiser (Buyer) and disburse the
  • the Exchange may demand up-front fees or escrow payments from the Buyer (thus
  • the Exchange can pay the Seller, absorb this loss against its own revenues, and/or
  • loan bank and collection agent which may not be in its best interest.
  • the Exchange may indemnify itself completely against default payments and only pay
  • the principal object of the present invention is to provide a dynamic credit- posting mechanism to facilitate exchanged-based commerce between remotely located
  • Fig. 1 - shows a representative exchanged-based commercial system
  • Fig. 2 - shows method performed by exchange in accordance with the present
  • the present invention provides a live, dynamic credit-posting mechanism for
  • the credit posting system preferably operates using an online environment (e.g., internet). Therefore, it is noted that particular non-critical aspects
  • FIG. 1 shows a representative commercial exchange system 100 as previously
  • Exchange 120 facilitates commerce between Buyer (customer) 110 and Seller
  • system 100 comprises an on-line system wherein exchange 120 is a website connected to customer 110 and supplier 130 via a common interconnected communication network
  • exchange 120 generates credit information regarding each customer to the exchange 120
  • FIG. 2 shows method 200 performed by representative exchange 120 in accordance with the present invention.
  • the exchange 120 receives an offer from a customer (buyer) to the exchange to be reviewed by all interested suppliers
  • the manner of review may be determined through a consolidated agreement between the major entities involved,
  • each supplier can review all the customers'
  • the supplier may post its' own offers to be reviewed by all interested customers.
  • the Exchange 120 then calculates each customer's credit information
  • the exchange 120 provides the LCI along with the customer offer to interested suppliers in a manner consistent with the manner of review previously
  • the exchange 120 updates the LCI if the transaction is completed
  • the LCI calculation and provision can be made automatically, periodically, or as
  • results are posted in a manner allowing exchange suppliers to consider each customer's LCI when determining whether
  • the present invention enables suppliers to
  • the Widget Maker company (customer) has been using the Widget Maker company
  • FIG. 3 shows this progression.
  • the exchange can guarantee payments to all suppliers
  • the LCI will enable both supplier and customer to manage
  • each supplier can determine the amount of the resource (e.g. prices, commissions) while customers who delay payments will be forced to compete by offering higher incentives up front. Also, each supplier can determine the amount of the resource (e.g. prices, commissions) while customers who delay payments will be forced to compete by offering higher incentives up front. Also, each supplier can determine the amount of the resource (e.g. prices, commissions) while customers who delay payments will be forced to compete by offering higher incentives up front. Also, each supplier can determine the amount
  • the present invention may enable numerous strategies that can be employed by either exchange, customer, or supplier in order to maximize benefit of using
  • a supplier can now include the LCI in context with other incentives and
  • _ Exchanges can include LCI ratings in their automated search and threshold
  • Each exchange can shape the LCI by integrating other financial indices such as
  • a .500 rating is a good rating and indicates that Buyer generally pays in 30 days.
  • a 500 rating may indicate a considerable level of risk. While, on a third, .500 may be a stellar rating (but still not guaranteed!).
  • first-time customers may be assigned a "conditional" rating by the exchange which identifies them as new members to all potential suppliers until the necessary payment-history benchmarks are established.
  • the present invention enables each customer to determine the advantages and disadvantages of maintaining a positive balance, a negative balance, and schedule of payments to the exchange.
  • the customer can use specific and measurable marketplace
  • the Exchange may elect to guarantee full payments to all suppliers who accept positive- balance offers and not guarantee payments on less-than- fully secured offers. This allows all three constituents, Buyer, Seller, and Exchange to function within risk parameters
  • a Live Credit Index facilitates informed trades. Sellers will be informed, in advance,
  • Buyers and Sellers can modify their pricing, commissions, and other transaction
  • the LCI is advantageously published as a standardized rating accompanying
  • the exchange can indemnify itself against default payments without restricting participation on the part of either customer or supplier.

Abstract

A commercial exchange (100) dynamically provides credit information to facilitate commerce between customers (110) and suppliers (130) to the exchange (120). The method makes suppliers (130) aware of any individual customer's credit risk as compared to all other customers posting offers for consideration enabling suppliers (130) to factor this information into their decision-making prior to conducting commerce. The customer's credit risk is advantageously posted as index number or rating.

Description

METHOD FOR DYNAMIC PROVISION OF CREDIT INFORMATION
BACKGROUND OF THE INVENTION
Field of the Invention
The present invention generally relates to a method for providing credit
information. Particularly, it relates to a dynamic credit-posting method for facilitating
exchange-based commerce within an on-line environment.
Background Art
An Exchange is generally a place where items are exchanged. Commonly, it is a
dynamic transaction forum to which Buyers (customers) for goods, services, or other
commoditized products are brought together with Sellers (suppliers) of similar commercial interest. An exchange can operate on any internal revenue model. An
exchange facilitates commerce between Buyers and Sellers by providing a neutral, third
party forum through which this commerce is conducted. Typically, the physical location
of the exchange is not significant to its members. Buyers and Sellers interact with the
exchange from remote locations and conduct transactions facilitated and authenticated by
the exchange. FIG. 1 shows a representative example of an exchanged-based commercial system
100 that uses an exchange 120 to facilitate commerce between a remotely located buyer
(customer)l 10 and seller (supplier) 130 via connections 140, 150. It is noted that FIG. 1 merely shows a representative example and in practice there are a plurality of buyers and
sellers interacting with the exchange 120. Additionally, the connections 140, 150 to the exchange may comprise any wireless or wireline system medium appropriate for establishing connectivity between the exchange 120 and the buyer 110 and the seller 130.
The list of system media may include, but is not limited to twisted pair, cable, optical
fiber, cellular, DSL, PCS, land mobile-radio, satellite, or any other viable system
connection path. The exchange 120 facilitates commerce between buyer 110 and seller
130 by interactively communicating with both parties in lieu of direct communication
between the buyer 110 and seller 130. Typically, the exchange 120 posts a good or service being offered by the seller 130. The exchange 120 then receives an offer from the
buyer 120 to purchase the good or service being offered by the seller 130 and forwards
this offer to the seller. As negotiations continue between the buyer 110 and seller 130,
the exchange 120 acts as a neutral center to establish an interactive communication link
between the buyer and seller to facilitate completion of the commercial transaction or help setup future transactions.
The comrnoditized products or services are not necessarily physically trafficked
through the exchange, but rather the ownership, performance, or other intangible aspects are traded and tracked via the exchange and reported to both Buyers and Sellers in a
secure and reliable manner. The classic exchange model is evident in such examples as
the New York Stock Exchange, the Chicago Board of Trade, NASDAQ, etc. These are
examples of financial exchange centers which typically help facilitate commerce in
securities or commodities.
While exchanges have existed for hundreds of years, they have been limited by
practical constraints such as location, participation criteria, cost of membership, etc. In
practice, most exchanges have been able to manage financial exposures (such as default payments or untended debt) by limiting participation and rigorously enforcing members'
Terms & Conditions. As the Internet and other online media allow more people to
conduct commerce as both Buyers and Sellers, the exchange model will become more
commonplace. The exchange-based commercial system wherein the buyer and seller are remotely
located presents particular problems regarding creditworthiness of the buyer. Most
traditional exchanges facilitate one-to-one trades wherein the exchange can easily track
the payment/revenue path from one Buyer to one Seller. If the single Buyer is late in
paying the exchange, this liability can easily be assigned to the single Seller in an
appropriate manner as determined by the rules of the exchange.
Conversely, liability for a potential credit risk posed by the Buyer is not so easily
assignable in the on-line exchange environment since on-line (e.g., internet-based)
exchanges allow for single-to-multiple or multiple-to-multiple trades. In a typical
example, numerous Internet advertisers can purchase advertising space from numerous
Internet publishers at the same time. In this case, the exchange will be responsible for collecting the incremental revenue due from each advertiser (Buyer) and disburse the
appropriate amount owed each publisher (Seller). If one Buyer doesn't pay, this loss will
be spread across all those Sellers who accepted this offer. In such an event, the operator
of the exchange has three choices:
_ The Exchange may demand up-front fees or escrow payments from the Buyer (thus
favoring the Seller and limiting the pool of Buyers to only those who agree to pay an
up-front deposit). _ The Exchange can pay the Seller, absorb this loss against its own revenues, and/or
initiate collection process against the Buyer. The exchange then must function as a
loan bank and collection agent, which may not be in its best interest.
_ The Exchange may indemnify itself completely against default payments and only pay
the Sellers as money is received from the Buyers (thus favoring the Buyer and
limiting the pool of Sellers to those who agree to accept this non-payment risk.)
Additionally, the internet has recently seen the advent of on-line auction websites
(exchanges) wherein Buyers (customers) to the site post bids on a wide variety of
products offered by several Sellers (suppliers). Although payment for these auction
purchases are typically directly transferred between buyer and seller, the auction website
does bear the risk of bad publicity if a frequent number of buyers default on payment to
the seller or other similar circumstances arise preventing the commercial auction transaction from being completed. Therefore, the on-line auction practice further
demonstrates the need for on-line exchanges to protect themselves from liability or from
tarnishment of business image due to buyer non-payment.
In view of the foregoing problems, there is a need to provide dynamic credit information regarding a customer (buyer) to an on-line exchange so that suppliers
(sellers) to the exchange may make an informed decision on whether to engage in
commerce with the customer. This credit information needs to convey an accurate level
of the creditworthiness of customers to the exchange. OBJECT AND SUMMARY OF THE INVENTION
The present invention overcomes the previously mentioned disadvantages by providing a method wherein any automated commercial exchange can provide up-to-date
information to individual Sellers (suppliers) using the exchange that indicates the
creditworthiness of individual Buyers (customers) also using the exchange. The method
makes Sellers aware of any individual Buyer's credit risk as compared to all other Buyers posting offers for consideration enabling Sellers to factor this information into their decision-making prior to conducting commerce. The Buyer's credit risk is
advantageously posted as index number or rating.
The principal object of the present invention is to provide a dynamic credit- posting mechanism to facilitate exchanged-based commerce between remotely located
Buyers and Sellers.
It is another object to reduce the risk on non-payment associated with on-line
commercial transactions facilitated via an exchange.
It is a further object to enable Buyers and Sellers to better manage marketing and negotiation strategy regarding an exchanged-based on-line commercial transaction.
BRIEF DESCRIPTION OF THE DRAWINGS
Fig. 1 - shows a representative exchanged-based commercial system Fig. 2 - shows method performed by exchange in accordance with the present
invention
DETAILED DESCRIPTION OF THE INVENTION
The present invention provides a live, dynamic credit-posting mechanism for
exchange-based commerce. The credit posting system preferably operates using an online environment (e.g., internet). Therefore, it is noted that particular non-critical aspects
of the internet are not described in great detail as they are as they are not critical to the
present invention and these aspects are well-known in the relevant field of invention.
Also, it is noted that those skilled in the art will appreciate that the present invention may
be equally applied to any exchanged-based commercial system that comprises at least one remotely located customer and supplier to an exchange.
FIG. 1 shows a representative commercial exchange system 100 as previously
described. Exchange 120 facilitates commerce between Buyer (customer) 110 and Seller
(supplier) 130 via connections 140, 150. Advantageously, the commercial exchange
system 100 comprises an on-line system wherein exchange 120 is a website connected to customer 110 and supplier 130 via a common interconnected communication network
(e.g., internet). To help facilitate commerce between customer 110 and supplier 130,
exchange 120 generates credit information regarding each customer to the exchange 120
prior to customer-supplier transactions being completed. This credit information is
provided to the supplier 130 as a Live Credit Index ("LCI") indicating the credit risk of the customer. FIG. 2 shows method 200 performed by representative exchange 120 in accordance with the present invention. At step 210, the exchange 120 receives an offer from a customer (buyer) to the exchange to be reviewed by all interested suppliers
(sellers) in a manner specific to that exchange. The manner of review may include, but is
not limited to direct posting (publication) on the exchange's website or a supplier's
website, webcasting to a supplier's computer, e-mail notification to a supplier's computer, or any other appropriate manner. Advantageously, the manner of review may be determined through a consolidated agreement between the major entities involved,
customer, exchange, and supplier. Also, each supplier can review all the customers'
offers and, depending on the mechanics of the exchange, the supplier may post its' own offers to be reviewed by all interested customers.
At step 220, the Exchange 120 then calculates each customer's credit information
(LCI) by evaluating that customer's payment history within the exchange. The index is
derived by calculating that customer's payment performance across data points significant
to the exchange. These data points include, but are not limited to Account Balance (at current state), Amount Owed (at current state), Credit Limit (fixed or adjustable), Debit
Trend (the rate at which debits accumulate), Payment Trend (the rate at which credits are
collected), Exchange History (depth and duration of involvement within the exchange),
Rolling Live Credit Index (variations of the empirical LCI data), Payment History,
Available Credit, Adherence, and any other appropriate statistical and financial functions deemed important by either customer or supplier to the exchange. This index formula will be applied consistently across all members (customers) of the exchange. At step 230, the exchange 120 provides the LCI along with the customer offer to interested suppliers in a manner consistent with the manner of review previously
described. At step 240, the exchange 120 updates the LCI if the transaction is completed
between customer and supplier since a completed transaction will result in a change of
the customer's payment performance. This process will be repeated for every new offer
received from a customer.
The LCI calculation and provision can be made automatically, periodically, or as
requested by supplier or customer. Advantageously, the results are posted in a manner allowing exchange suppliers to consider each customer's LCI when determining whether
to accept that customer's offer as posted. The present invention enables suppliers to
compare the LCI rating of each offer with respect to the other incentive components (e.g., prices, commissions, etc.) of the offer. Suppliers can also compare the LCI ratings across
numerous customers posting similar offers.
A particular practical example in accordance the present invention and consistent
« with the commercial exchange system shown in FIG. 1 is now herein described. In this
example, an online exchange brings together websites offering banner-advertisement
space with companies selling products via the Internet. A Widget Manufacturer company
(buyer/customer) is using the exchange to BUY audience impressions from numerous Websites (seller/supplier), which SELL them.
In this example, three hundred websites have accepted the Widget Maker's offer for compensation and are running its' banner advertisements on their sites. As people visit
these websites, they see these banner ads and some click through to the Widget Maker's
home web site. These are actions for which the Widget Maker owes compensation as described by its' original offer. The exchange tracks the amount of money the company
owes the various members (suppliers) of the exchange and reports this total back to the
company as an aggregate figure. This figure continues to grow as ongoing web traffic
triggers more performance results and thus more debits. As long as the Widget Maker's ads continue to run, the company is accruing debits to the exchange.
In this example, the Widget Maker company (customer) has been using the
exchange for several months. The company has kept its' accounts current and carries a $100 positive balance to the exchange as of this exact moment (time cycle = 0). For purposes of this example, the following basic live credit index ("LCI") calculation will be employed:
LCI = AMOUNT IN ACCOUNT/ TOTAL AMOUNT DUE THE EXCHANGE
[wherein the LCI is equivalent to the amount of cash held in the account divided by the amount owed the exchange at that specific moment. It is noted that the LCI (actual) is
equivalent to (1 + calculated LCI) for positive account balances and LCI (actual) is
equivalent to (1 - absolute value of calculated LCI) for negative account balances.]
As each time-cycle progresses, banner ads are being served, click-throughs recorded, and the Widget Maker's positive balance erodes to reflect these debits. FIG. 3 shows this progression. At the start of this model, the Widget maker's
(customer's) account shows a positive balance of $100. After the first time cycle, $15
worth of performance debits have accrued but its' LCI still shows a rating of 1.000 indicating the company has a positive cash balance. It is noted, for this model, that
although the actually calculated LCI is greater than 1.000 for an account balance of $85
and an amount due of $15 [LCI (actual) = 6.667], the exchange will only post a positive
balance as 1.000 thereby keeping the size of the balance a secret to the general population of the exchange. Therefore, the exchange can guarantee payments to all suppliers
carrying its' offer(s) due to the positive balance.
After five time-cycles, the Widget Maker's debits have increased to $82 and his positive account balance has dropped to $18. The payments to the suppliers are still
guaranteed at this point but the customer (Widget Maker) must decide whether to "refill" its' account balance to anticipate future debits or allow its' LCI to dip below 1.000. If the
customer does make a timely payment, it will continue its' 1.000 LCI rating and all
pending offers will reflect this rating.
Alternatively, if the customer decides to postpone its' payment and its' LCI drops
below 1.000, it is possible that some percentage of the suppliers' websites will stop
running its' ads in favor of other offers that guarantee payment. Other websites may
continue running the ads but only if compensation incentives (sales commissions, CPM,
etc.) are increased to compensate for this risk. Across the exchange, the LCI will factor in with other offer parameters to establish market-based pricing for a wide variety of
goods and services.
In typical practice, the LCI will enable both supplier and customer to manage
marketing and negotiation strategy regarding transactions through the exchange. Customers who maintain a positive balance with the exchange can reduce their incentives
(e.g. prices, commissions) while customers who delay payments will be forced to compete by offering higher incentives up front. Also, each supplier can determine the
varying weights it will apply in evaluating prices, commissions and other incentives of the customer offer based upon empirical payment-history data specific to each customer.
In this manner, the commercial exchange using the LCI will start resembling the high-
yield bond markets (financial exchange) that require higher interest payments for less
secure bonds.
In practice, the present invention may enable numerous strategies that can be employed by either exchange, customer, or supplier in order to maximize benefit of using
an exchange-based commercial system. These strategies include the following:
_ customer can directly influence his LCI buy making (or delaying) payments
into the exchange in a timely manner. In actual practice, this means an Exchange can encourage Buyers to maintain deposit or escrow accounts without actually forcing them to pay up front in order to use the exchange.
_ A supplier can now include the LCI in context with other incentives and
manage risk across a wide variety of customers and their offers.
_ Exchanges can include LCI ratings in their automated search and threshold
functions such as: "Accept this offer until the LCI drops below .7500" or "Only show me guaranteed payment offers [e.g. LCI = 1.000 ]..."
_ Each exchange can shape the LCI by integrating other financial indices such as
credit limit, term variables, etc. This allows each Exchange to influence the internal perception of each Buyer and still apply a clear and equitable rating across the entire exchange. For example, on one exchange, a .500 rating is a good rating and indicates that Buyer generally pays in 30 days. On another exchange, a 500 rating may indicate a considerable level of risk. While, on a third, .500 may be a stellar rating (but still not guaranteed!).
_ In the example depicted by FIG. 3, if the account total drops to zero, the LCI
will also be zero. In actual practice, the Exchange may elect to uniformly
"slope" the index by triggering a minimum balance - in effect, a spontaneous loan - to a Buyer's account. This is analogous to the account's credit limit and also represents the exchange's risk tolerance for each account. This baseline is,
of course, at the discretion of the exchange.
_ Because the LCI is based upon accurate credit history data within the
exchange, first-time customers may be assigned a "conditional" rating by the exchange which identifies them as new members to all potential suppliers until the necessary payment-history benchmarks are established.
The present invention enables each customer to determine the advantages and disadvantages of maintaining a positive balance, a negative balance, and schedule of payments to the exchange. The customer can use specific and measurable marketplace
forces to factor into this decision.
Also, because a positive-balance LCI rating indicates "money in the bank", the Exchange may elect to guarantee full payments to all suppliers who accept positive- balance offers and not guarantee payments on less-than- fully secured offers. This allows all three constituents, Buyer, Seller, and Exchange to function within risk parameters
comfortable to each entity. The benefits to the foregoing method include the following:
_ A Live Credit Index facilitates informed trades. Sellers will be informed, in advance,
of each Buyer's credit- worthiness as compared to all other Buyers on the exchange. Buyers and Sellers can modify their pricing, commissions, and other transaction
incentives to compensate for higher or lower LCI ratings on the part of prospective
Buyers.
_ Buyers and Sellers can adjust their payment and term policies to better compete in the
marketplace while still controlling their internal financial strategies to maximum benefit.
_ Use of an LCI Rating can indemnify the Exchange itself against non-payments or late
payments on the part of the Buyers who have received goods or performance from the Sellers but not made payments into the exchange for appropriate disbursement. This
allows participants of the exchange to operate at risk levels that are clearly defined and acknowledged in advance.
Also, the LCI is advantageously published as a standardized rating accompanying
the posted offer by each customer helping to indicate the payment history and/or current
account balance of each customer. Publication of the LCI in connection with each customer offer enables every supplier to evaluate the customer's credit risk in
combination with other parameters of the offer (e.g., prices, commissions, advertising, etc.). The exchange can indemnify itself against default payments without restricting participation on the part of either customer or supplier. Although the invention is described herein using an online exchange example, it
will be appreciated by those skilled in the art that modifications and changes may be
made without departing from the spirit and scope of the present invention. As such, the method described herein may be equally applied to any exchanged-based commercial system comprising at least one remotely located customer and supplier to said exchange.

Claims

The Invention Claimed Is:
1. A method for providing credit information on customers of exchange-based commerce, comprising:
receiving an offer from a customer to an exchange to engage in commerce with at
least one supplier to said exchange; calculating credit information for the customer based on payment history of the
customer within said exchange, wherein said payment history including a current account
balance for said customer; providing credit information to said supplier to said exchange; and updating said credit information based on account balance remaining following
the engagement of commerce between said customer and supplier to said exchange.
PCT/US2000/030028 1999-10-29 2000-10-30 Method for dynamic provision of credit information WO2001033461A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU14484/01A AU1448401A (en) 1999-10-29 2000-10-30 Method for dynamic provision of credit information

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US16214799P 1999-10-29 1999-10-29
US60/162,147 1999-10-29

Publications (1)

Publication Number Publication Date
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Cited By (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
EP1288806A1 (en) * 2001-09-03 2003-03-05 Tinubu Square On-line transaction coverage method and system using a credit insurance
US7006994B1 (en) 1999-07-16 2006-02-28 American Management Systems, Inc. Automated receivables management system
US7340424B2 (en) 2002-12-30 2008-03-04 Fannie Mae System and method for facilitating sale of a loan to a secondary market purchaser
US7747519B2 (en) 2002-12-30 2010-06-29 Fannie Mae System and method for verifying loan data at delivery
US8046298B1 (en) 2003-07-21 2011-10-25 Fannie Mae Systems and methods for facilitating the flow of capital through the housing finance industry
US9928546B2 (en) 2002-12-30 2018-03-27 Fannie Mae System and method for processing data pertaining to financial assets

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US5274547A (en) * 1991-01-03 1993-12-28 Credco Of Washington, Inc. System for generating and transmitting credit reports
US5615408A (en) * 1992-11-12 1997-03-25 Coral Systems, Inc. Apparatus and method for credit based management of telecommunication activity
US5732400A (en) * 1995-01-04 1998-03-24 Citibank N.A. System and method for a risk-based purchase of goods
US5774883A (en) * 1995-05-25 1998-06-30 Andersen; Lloyd R. Method for selecting a seller's most profitable financing program
US5970478A (en) * 1997-03-12 1999-10-19 Walker Asset Management Limited Partnership Method, apparatus, and program for customizing credit accounts

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5274547A (en) * 1991-01-03 1993-12-28 Credco Of Washington, Inc. System for generating and transmitting credit reports
US5615408A (en) * 1992-11-12 1997-03-25 Coral Systems, Inc. Apparatus and method for credit based management of telecommunication activity
US5732400A (en) * 1995-01-04 1998-03-24 Citibank N.A. System and method for a risk-based purchase of goods
US5774883A (en) * 1995-05-25 1998-06-30 Andersen; Lloyd R. Method for selecting a seller's most profitable financing program
US5970478A (en) * 1997-03-12 1999-10-19 Walker Asset Management Limited Partnership Method, apparatus, and program for customizing credit accounts

Cited By (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7006994B1 (en) 1999-07-16 2006-02-28 American Management Systems, Inc. Automated receivables management system
EP1288806A1 (en) * 2001-09-03 2003-03-05 Tinubu Square On-line transaction coverage method and system using a credit insurance
US7340424B2 (en) 2002-12-30 2008-03-04 Fannie Mae System and method for facilitating sale of a loan to a secondary market purchaser
US7747519B2 (en) 2002-12-30 2010-06-29 Fannie Mae System and method for verifying loan data at delivery
US8515861B2 (en) 2002-12-30 2013-08-20 Fannie Mae System and method for facilitating sale of a loan to a secondary market purchaser
US9928546B2 (en) 2002-12-30 2018-03-27 Fannie Mae System and method for processing data pertaining to financial assets
US8046298B1 (en) 2003-07-21 2011-10-25 Fannie Mae Systems and methods for facilitating the flow of capital through the housing finance industry

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