Invention Grant
- Patent Title: System and methods thereof for financing a purchase order over the web
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Application No.: US13973429Application Date: 2013-08-22
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Publication No.: US09721289B2Publication Date: 2017-08-01
- Inventor: Jeremy Esekow
- Applicant: Behalf Ltd.
- Applicant Address: IL RaAnana
- Assignee: Behalf Ltd.
- Current Assignee: Behalf Ltd.
- Current Assignee Address: IL RaAnana
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/06 ; G06Q40/02

Abstract:
A method for financing a purchase order includes receiving a purchase order from a customer node communicatively connected to a server, wherein the purchase order includes information regarding a customer associated with the customer node, a supplier of goods, at least one item to be purchased, a cost of the purchase order and a preferable loan term; collecting metadata related to the customer associated with the customer node; analyzing the purchase order and the collected metadata to compute a credit standing for the customer; determining whether the credit standing crosses a predetermined threshold, wherein the predetermined threshold is set respective of the purchase order; requesting from a supplier node communicatively connected to the server an electronic authentication respective of the purchase order, when the credit standing crosses the predetermined threshold; and sending an electronic guarantee to finance the purchase order to the supplier node, upon reception of the electronic authentication.
Public/Granted literature
- US20140058890A1 SYSTEM AND METHODS THEREOF FOR FINANCING A PURCHASE ORDER OVER THE WEB Public/Granted day:2014-02-27
Information query