US 8,554,673 B2Granted

Methods and systems for discounts management

AssigneeJPMorgan Chase Bank, N.A.

InventorsXuan McRae, Duc Lam, Matthew Roland

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Abstract

An embodiment of the invention is directed to a computer implemented business method in an electronic system in which payment information is exchanged between a buyer and a seller. Approval is received from the buyer of an electronic invoice received by the buyer. At a time when no agreed upon discount is available based on the invoice or pre-agreed terms between the buyer and the seller, a request is received from the buyer to offer the seller early payment in exchange for a discount of the amount owed. The discount is based on an annual hurdle rate provided to the system by the buyer. The offer is presented to the seller on the seller's user interface, and a clickable button is provided for the seller to indicate selection of such offer. In another embodiment of the invention, in an electronic system in which payment information is exchanged between buyers and at least a seller, an identification of a date upon which a seller would like to receive early payment is received through a computer input associated with the seller. Another embodiment of the invention is directed to a relationship between a buyer and a seller where there is a standard discount term, and there is also a discount term in a respective invoice. Another embodiment of the invention is directed to a method related to enrollment of a new seller in the system.

Claims8

Dependent claims

A computer-implemented method for conducting a payment exchange between a buyer and a seller, comprising:

routing, via a computer, an electronic invoice comprising information stored in a global database from the seller to the buyer;
receiving, via the computer, approval of the electronic invoice from the buyer;
receiving, via the computer, a request from the buyer to offer the seller early payment in exchange for a discount on an amount owed at a time when no agreed upon discount is available based on the electronic invoice or pre-agreed terms between the buyer and the seller, wherein the discount is based on a daily discount rate calculated as an annual hurdle rate divided by a number of calendar days per year, wherein the discount is specified by the buyer, and wherein the early payment is to be made on one or more selected days of a week specified by the buyer;
presenting to the seller on a user interface, via the computer, the electronic invoice the buyer has offered the seller early payment in exchange for the discount on the amount owed at a time when no agreed upon discount is available;
providing to the seller on the user interface, via the computer, a first selectable option associated with the electronic invoice that, when selected by the seller, allows the seller to view the discount;
and
providing to the seller on the user interface, via the computer, a second selectable option that, when selected by the seller, allows the seller to accept the discount.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application: 11/002,334Filed 1 Dec 2004 · us provisional application
Priority: 17 Jun 2004
Published: US 2005/0283437 A122 Dec 2005
Granted: 8 Oct 2013
Term ends: Not estimatedThe source records don’t support an estimate.

Classification5 codes

G06Q 40/00
Finance
G06Q 20/102
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: bill distribution or payments
G06Q 30/02
Commerce: marketing; Price estimation or determination; Fundraising
G06Q 30/0222
Discounts or incentives, e.g. coupons or rebates: during e-commerce, i.e. online transactions