Processing Transactions in Connection with a Physical Supply Chain
AssigneeBank of America Corporation
InventorsMichelle D. Nichols, Todd Atwood, James Heddleson
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AssigneeBank of America Corporation
InventorsMichelle D. Nichols, Todd Atwood, James Heddleson
Estimating the term…
A method for processing a transaction includes receiving a notification of a change in status of physical goods or other event in a physical supply chain, and automatically transferring funds in response to the notification. The automatic transfer of funds may be performed according to a stored rule for automatically transferring the funds in response to the notification. Typically, the goods and the event are related to the party to which the funds are transferred. If the funds are a portion of an agreed-upon payment, one or more additional notifications may be received for one or more additional changes in status of the goods or other events in the physical supply chain, and additional portions of the payment are transferred in response to each additional notification.
A computer-assisted method comprising:
A computer readable medium comprising computer-executable instructions configured to cause a computing device to perform:
A computer-assisted method comprising:
A computer readable medium comprising computer-executable instructions configured to cause a computing device to perform:
A computer-assisted method comprising:
Dependencies are inferred from the claim text.