Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Julie M. Borges0
Kevin C. Treider0
Date of Patent
July 25, 2006
0Patent Application Number
094475240
Date Filed
November 23, 1999
0Patent Citations Received
Patent Primary Examiner
Patent abstract
The present invention is a method and system for electronic factoring. An electronic platform is provided for guaranteeing payment of receivables. Information from users is input into a profile database upon the electronic platform and is accessible by all users. The buyers are assigned a credit limit and are able to purchase from vendors within that credit limit. The payments for these purchases are guaranteed by a guaranteeing financial institution with is aligned with the platform.
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