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Real time accounts payable web service

A web service and account technology, applied in the field of accounts payable web services, can solve problems such as inappropriate accounts payable batch processing

Inactive Publication Date: 2012-05-30
VISA USA INC (US)
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0008] Prior art batching of accounts payable for payments on commercial accounts is inappropriate due to delays where suppliers provide incentives for businesses to make immediate payments on invoices

Method used

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  • Real time accounts payable web service
  • Real time accounts payable web service
  • Real time accounts payable web service

Examples

Experimental program
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Embodiment Construction

[0021] A "payment instruction web service" is provided on the World Wide Web. A "payment instruction web service" allows a business to make real-time electronic payments (e-payments) to its suppliers for goods and / or services that have been received (and / or provided to the business by the supplier). Real-time e-payments are made on a merchant account opened to the business by the issuing bank. A business' request to make a real-time electronic payment is referred to herein as a "payment instruction." Accordingly, real-time e-payments on a business's merchant account through the Payment Instructions web service will allow the business to collect if the The incentive for batching accounts payable has long been lost. Additionally, businesses will enjoy the convenience of Web-based e-Payments to maximize their working capital while automating the payment instruction aspect of their accounts payable processing.

[0022] In use, the "Payment Instructions web service" allows the c...

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PUM

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Abstract

A web service facilitates real time payment of suppliers' invoices with accounts issued by issuers to account holders. A payment request received by the web service from a client, identifying a credit limit for one commercial account in a pool thereof, is sent from the web service to the issuer to determine availability of the account and the credit limit for an account holder. If the issuer's response to the request confirms availability, payment instructions to the issuer are sent from the web service to pay the supplier's invoice. Alternatively, the request can be to determine availability of a single-use-account (SUA) and an adjustment to the account holder's credit limit from the issuer in order to make a future single payment on the SUA to the supplier for a purchase corresponding to a future invoice from the supplier who has not yet provided goods and / or services pertaining to the invoice.

Description

[0001] Cross References to Related Applications [0002] This application claims U.S. Provisional Application Serial No. 61 / 238,648, filed August 31, 2009, entitled "Real Time Accounts Payable Web Services," and filed August 25, 2010, entitled "Real Time Accounts Payable Web Services Service,” U.S. Application Serial No. 12 / 868,436, both of which are incorporated herein by reference. technical field [0003] The present invention relates to accounts payable by a business to its past or future suppliers, and more particularly to accounts payable web services. Background technique [0004] To do business, businesses need raw materials, finished goods, and supplies. In addition, enterprises also need a variety of service providers. Whether goods or services are provided to a business, each such supplier must be paid for those goods and services provided to the business. Each supplier sends an invoice to the business to be paid for the goods and services it provides to the bu...

Claims

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Application Information

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IPC IPC(8): G06Q20/38G06Q40/00G06Q30/00
CPCG06Q20/102G06Q30/04G06Q20/14
Inventor D·米奈伊R·M·埃斯特莱
Owner VISA USA INC (US)