Automated transaction processing system and approach with currency conversion

A transaction processing and currency conversion arrangement configured and arranged to:

• receive respective sets of business rules for transactions between transacting parties;
• communicate with a plurality of buyer terminals and seller terminals and to provide a common source of data for users of the terminals, the data including seller offerings;
• control access to the data and for configuring the type and arrangement of the data to be communicated with the at least one buyer terminal in response to the identification of a buyer receiving the communications;
• for a transaction to be implemented by a buyer for the seller offerings, use the business rules for the buyer and sellers to automatically derive a currency conversion criterion for the transaction;
• and
• use the currency conversion criterion to convert currency for the transaction from a first currency implemented by the seller in the seller offerings to a different currency.

An automated pricing system for use with transaction parties who provide respective sets of business rules for transactions to be processed using the automated pricing system, the system comprising:

• means for receiving and using the business rules to derive a specific term for a transaction to be implemented by the buyer and seller, the transaction having a price that is set as a function of the specific term, the price being in a first currency;
• means for selecting a currency conversion standard as a function of the business rules;
• and
• means for converting the set price from the first currency into a second different currency for at least one party to the transaction as a function of the currency conversion standard.