US Patent 7082412 Electronic factoring
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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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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 Primary Examiner
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US Patent 7082412 Electronic factoring
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