The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Date of Patent:
Aug. 06, 2019

Filed:

Jul. 27, 2016
Applicant:

Payability, Llc, New York, NY (US);

Inventors:

Scott William Lynn, Overland Park, KS (US);

Swaminathan Krishnamurthy, San Jose, CA (US);

Keith Smith, New York, NY (US);

Assignee:

Payability, LLC, New York, NY (US);

Attorneys:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 20/38 (2012.01); G06Q 20/10 (2012.01); G06Q 20/40 (2012.01);
U.S. Cl.
CPC ...
G06Q 20/3821 (2013.01); G06Q 20/10 (2013.01); G06Q 20/401 (2013.01);
Abstract

A system may include a memory, a processor, a network communication interface, and a module stored in the memory and executable by the processor. The module may be configured to: receive security credentials to receive non-finalized information from a provider, wherein the non-finalized information is associated with an operation completed by the provider on behalf of an entity; establish an operative communication channel with the provider computer system using the security credentials; receive the non-finalized information from the provider; process the received non-finalized information, wherein processing the received non-finalized information comprises calculating an accelerated transfer quantity; transfer the accelerated transfer quantity to the entity; receive finalized information and/or a resource quantity associated with the operation from the provider; determine a finalized transfer quantity owed to the entity by the provider; calculate a reconciled transfer quantity; and transfer the reconciled transfer quantity to the entity.


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