US 9,811,817 B2
Invoiceless trading and settlement method and system
William James Duncan, Victoria (AU)
Assigned to FAST 101 PTY LTD., Victoria (AU)
Filed by FAST 101 PTY LTD., Victoria (AU)
Filed on Jun. 20, 2014, as Appl. No. 14/310,091.
Application 11/653,306 is a division of application No. 09/561,990, filed on May 2, 2000, granted, now 7,266,525, issued on Sep. 4, 2007.
Application 14/310,091 is a continuation of application No. 14/184,987, filed on Feb. 20, 2014, granted, now 8,762,273, issued on Jun. 24, 2014.
Application 14/184,987 is a continuation of application No. 12/030,141, filed on Feb. 12, 2008, granted, now 8,660,947, issued on Feb. 25, 2014.
Application 12/030,141 is a continuation of application No. 11/653,306, filed on Jan. 16, 2007, granted, now 7,716,130, issued on May 11, 2010.
Claims priority of application No. PQ0102 (AU), filed on May 3, 1999.
Prior Publication US 2014/0304164 A1, Oct. 9, 2014
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/28 (2012.01); G06Q 20/10 (2012.01); G06Q 20/36 (2012.01); G06Q 30/02 (2012.01); G06Q 30/06 (2012.01); G06Q 40/00 (2012.01); G06Q 50/18 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 20/28 (2013.01) [G06Q 20/10 (2013.01); G06Q 20/102 (2013.01); G06Q 20/367 (2013.01); G06Q 20/40 (2013.01); G06Q 30/0213 (2013.01); G06Q 30/0215 (2013.01); G06Q 30/0222 (2013.01); G06Q 30/0234 (2013.01); G06Q 30/0235 (2013.01); G06Q 30/0239 (2013.01); G06Q 30/06 (2013.01); G06Q 30/0601 (2013.01); G06Q 40/00 (2013.01); G06Q 50/188 (2013.01)] 1 Claim
OG exemplary drawing
 
1. A computer implemented method, the method comprising:
receiving, on an authorization date and by a banking computer system, an electronic authorization, the electronic authorization relating to an invoice between a bank customer and a supplier, the authorization authorizing payment for an electronic invoice with an invoice amount, the electronic invoice having an electronic invoice due date, the electronic invoice due date being after the authorization date;
based on the electronic authorization, the bank electronically transferring to the supplier account, on an earlier payment date, the earlier payment date being before the invoice due date, a discounted payment for settlement of the invoice, the discounted payment amount discounted from the invoice amount based at least on:
a fiscal attribute of the customer; and
a credit period, the credit period being an amount of time between the early payment date and the invoice due date; and
after the credit period, electronically debiting at least the discounted payment amount from an account associated with the customer.