System and method for an exchange of financial instruments

A method of transacting for a financial instrument, for use in conjunction with a reporting agency database that includes account data related to the financial instrument, and an account database, the method comprising the steps of:

• a. Receiving at least a portion of the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. Searching the account database for one or more available financial instruments based on a selection criteria;
• c. Selecting at least one financial instrument in the account database that satisfies the selection criteria;
• d. Offering a transaction for at least one selected financial instrument;
• e. Receiving an acceptance to the offered transaction;
• and
• f. Performing the accepted transaction for the at least one selected financial instrument.

A system of transacting for a financial instrument, utilizing account data received from a reporting agency database, comprising:

• a. An account database;
• and
• b. A processor for:
• i. Receiving at least a portion of the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• ii. Searching the account database for available account data based on a selection criteria;
• iii. Selecting account data in the account database that satisfies the selection criteria;
• iv. Offering a transaction for at least one selected financial instrument associated with the selected account data;
• v. Receiving an acceptance to the offered transaction from a third-party;
• and
• vi. Performing the accepted transaction for the at least one selected financial instrument.

A system for an online marketplace, comprising:

• a. A reporting agency database, including personally identifiable account data associated with a financial instrument wherein the financial instrument represents an account receivable;
• b. An account database;
• c. A processor for:
• i. Receiving at least a portion of the account data from the reporting agency database to the account database, wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• ii. Searching the account database for available account data based on a selection criteria;
• iii. Selecting account data in the account database that satisfies the criteria selected by a first party;
• iv. Offering to a second party a transaction for at least one selected financial instrument associated with the selected account data;
• v. Receiving an acceptance to the offered transaction from a second party;
• and
• vi. Performing the accepted transaction for the at least one selected financial instrument between the first party and the second party.

A method of transacting for a financial instrument, for use in conjunction with a reporting agency database that includes account data associated with the financial instrument, an account database, comprising the steps of:

• a. Receiving at least a portion of the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. Searching the account database for available account data based on a selection criteria;
• c. Selecting account data in the account database that satisfies the criteria selected by a first party;
• d. Offering to a second party a transaction for at least one selected financial instrument associated with the selected account data;
• e. Receiving an acceptance to the offered transaction from a second party;
• and
• f. Performing the accepted transaction for the at least one selected financial instrument between the first party and the second party.

A method of transacting for a financial instrument, for use in conjunction with a reporting agency database that includes account data associated with the financial instrument, and an account database, the method comprising the steps of:

• a. Receiving account data from a reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. Searching the account database for available account data based on a selection criteria;
• c. Selecting account data in the account database that satisfies the selection criteria;
• d. Offering a transaction for at least one selected financial instrument associated with the selected consumer information and account data;
• and
• e. Receiving an acceptance to the offered transaction from a third-party, whereby the accepted transaction is performed for the at least one selected financial instrument.

A computer-readable storage medium containing a set of instructions for use on a computer in conjunction with a reporting agency database that includes account data related to the financial instrument, and an account database, the set of instructions encoded to perform the steps of:

• a. Receiving the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. Searching the account database for available financial instruments based on a selection criteria;
• c. Selecting at least one financial instrument in the account database that satisfies the selection criteria;
• d. Offering a transaction for at least one selected financial instrument;
• e. Receiving an acceptance to the offered transaction;
• and
• f. Performing the accepted transaction for the at least one selected financial instrument.

A computer-readable storage medium containing a set of instructions for use on a computer in conjunction with a reporting agency database that includes account data related to the financial instrument, and an account database, the set of instructions encoded to perform the steps of:

• a. Receiving the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. Searching the account database for available account data based on a selection criteria;
• c. Selecting account data in the account database that satisfies the selection criteria by the first party;
• d. Offering to a second party a transaction for at least one selected financial instrument associated with the selected account data;
• e. Receiving an acceptance to the offered transaction from the second party;
• and
• f. Performing the accepted transaction for the at least one selected financial instrument between the first party and the second party.

A computer-readable storage medium containing computer-readable code for use on a computer in conjunction with a reporting agency database that includes account data related to the financial instrument, and an account database, the computer-readable storage medium comprising:

• a. means for causing the computer to receive the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. means for causing the computer to search the account database for financial instruments based on a selection criteria;
• c. means for causing the computer to select a financial instrument in the account database that satisfies the selection criteria;
• d. means for causing the computer to offer a transaction for at least one selected financial instrument;
• e. means for causing the computer to receive an acceptance to the offered transaction;
• and
• f. means for causing the computer to perform the accepted transaction for the at least one selected financial instrument.

A computer-readable storage medium containing computer-readable code for use on a computer in conjunction with a reporting agency database that includes account data related to the financial instrument, and an account database, the computer-readable storage medium comprising:

• a. means for causing the computer to receive the account data from the reporting agency database to the account database, wherein the account data in the reporting agency database includes personally identifiable account data related to a financial instrument and the financial instrument represents an account receivable, and wherein the received account data is not personally identifiable but is related to the account data of the reporting agency database by one or more unique identifiers;
• b. means for causing the computer to search an account database for account data based on a selection criteria by a first party;
• c. means for causing the computer to select account data in the account database that satisfies the selection criteria by a the first party;
• d. means for causing the computer to offer to a second party a transaction for at least one selected financial instrument associated with the selected account data;
• e. means for causing the computer to receive an acceptance to the offered transaction from the second party;
• and
• f. means for causing the computer to perform the accepted transaction for the at least one selected financial instrument between the first party and the second party.

A method for selling accounts through transactions over a network comprised of:

• a. receiving selection criteria from a system user;
• b. searching an account database for available accounts based on said selection criteria, wherein said accounts represent accounts receivable;
• c. providing results of said searching to the system user, said results including a summary of available accounts and a balance for each available account;
• d. receiving a selection of at least one of said available accounts from the system user;
• e. grouping the selected at least one of said available accounts by parameters, wherein said parameters includes account data comprising balance of the accounts;
• f. receiving an offer from the system user corresponding to said selected at least one of said available accounts;
• g. providing an invoice to the system user for said selected at least one of said available accounts;
• h. receiving a payment from the system user in response to the invoice;
• and
• i. updating the selected at least one of said available accounts in the account database in response to the received payment.

A system for selling accounts through transactions over a network, said system comprising:

• an account database for storing and maintaining information relating to available accounts, wherein said accounts represent accounts receivable;
• and
• a processor coupled with said account database and to the network, said processor configured to
• a. receive selection criteria from a system user over the network,
• b. to search said account database for available accounts based on said selection criteria,
• c. to provide results of said search to the system user over the network, said results including a summary of available accounts and a balance for each available account,
• d. to receive a selection of at least one of said available accounts from the system user,
• e. to group the selected at least one of said available accounts by parameters, wherein said parameters includes account data comprising balance of the accounts,
• f. to receive an offer from the system user corresponding to said selected at least one of said available accounts,
• g. to provide an invoice to the system user for said selected at least one of said available accounts,
• h. to receive a payment from the system user in response to the invoice, and
• i. to update the selected at least one of said available accounts in the account database.