System and method for enhanced access and control for connecting entities and effecting payments in a commercially oriented entity network

A tangible non-transitory, computer-readable medium storing instructions that, when executed by a computer system, cause the computer system to:

• determine a credibility rating for a first corporate entity, wherein the first corporate entity is part of a network of corporate entities;
• associate the credibility rating with a profile of the first corporate entity, wherein the profile is accessible to a second corporate entity within the network of corporate entities;
• receive a request to connect with the first corporate entity from the second corporate entity in the network of corporate entities;
• in response to the connection request from the second corporate entity, establish a connection within the network of corporate entities between the first corporate entity and the second corporate entity;
• and
• effect, subsequent to establishing the connection between the first corporate entity and the second corporate entity, a closed-loop payment transaction between the first corporate entity and the second corporate entity in response to receiving a request for a payment via the established connection within the network of corporate entities, wherein the network of corporate entities monitors the closed-loop payment transaction and automatically rejects the closed-loop payment transaction if transaction data does not match system data for both the first corporate entity and the second corporate entity.

A system comprising:

• at least one processor;
• and
• memory in communication with the at least one processor and storing instructions that, when executed by the processor, cause the system to:
• determine a credibility rating for a first corporate entity, wherein the first corporate entity is part of a network of corporate entities;
• associate the credibility rating with a profile of the first corporate entity, wherein the profile is accessible to a second corporate entity within the network of corporate entities;
• receive a request to connect with the first corporate entity from the second corporate entity in the network of corporate entities;
• in response to the connection request from the second corporate entity, establish a connection within the network of corporate entities between the first corporate entity and the second corporate entity;
• and
• effect, subsequent to establishing the connection between the first corporate entity and the second corporate entity, a closed-loop payment transaction between the first corporate entity and the second corporate entity in response to receiving a request for a payment via the established connection within the network of corporate entities wherein the network of corporate entities monitors the closed-loop payment transaction and automatically rejects the closed-loop payment transaction if transaction data does not match system data for both the first corporate entity and the second corporate entity.