Craig J Swackhammer

US Patent:

8036985, Oct 11, 2011

Filed:

Mar 15, 2010

Appl. No.:

12/724055

Inventors:

William Reid - Castro Valley CA, US
Keiron G. Lynch - Pleasanton CA, US
Craig Swackhammer - Pleasanton CA, US
M. Kathrina Novak - Hayward CA, US
L. Ted Martinez - Concord CA, US
John M. Bryant - Foster City CA, US

Assignee:

Visa International Service Association - San Francisco CA

International Classification:

G06Q 40/00

US Classification:

705 39, 705 36, 705 38

Abstract:

A method for pre-funding is disclosed. The method includes sending a plurality of pre-fund authorization requests to a buyer financial institution, and then receiving a plurality of responses to the pre-fund authorization requests from the buyer financial institution, where each response either accepts or declines a pre-fund authorization request. A funds transfer request is sent to the buyer financial institution, where the funds transfer request corresponds to a total value of the accepted pre-fund authorization requests. Notification that funds have transferred from the buyer financial institution in response to the funds transfer request is received. Then, the sending of the funds to a supplier financial institution is authorized.

US Patent:

8566231, Oct 22, 2013

Filed:

May 17, 2005

Appl. No.:

11/131679

Inventors:

William Reid - Castro Valley CA, US
Craig Swackhammer - Pleasanton CA, US
Kerry Lynch - Pleasanton CA, US
Johnson Lau - Singapore, SG

Assignee:

Visa International Service Association - San Francisco CA

International Classification:

G06Q 20/10
G06Q 20/04
G06Q 20/108
G06Q 20/02
G06Q 40/02

US Classification:

705 39, 705 42, 705 40, 705 44, 235379

Abstract:

A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.

US Patent:

8571977, Oct 29, 2013

Filed:

May 17, 2005

Appl. No.:

11/131605

Inventors:

William Reid - Castro Valley CA, US
Craig Swackhammer - Pleasanton CA, US
Kerry Lynch - Pleasanton CA, US
Johnson Lau - Singapore, SG

Assignee:

Visa International Service Association - San Francisco CA

International Classification:

G06Q 20/10
G06Q 20/04
G06Q 20/108
G06Q 20/02
G06Q 40/02

US Classification:

705 39, 705 42, 705 40, 705 44, 235379

Abstract:

A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.

US Patent:

8571978, Oct 29, 2013

Filed:

May 17, 2005

Appl. No.:

11/132067

Inventors:

William Reid - Castro Valley CA, US
Craig Swackhammer - Pleasanton CA, US
Kerry Lynch - Pleasanton CA, US
Johnson Lau - Singapore, SG

Assignee:

Visa International Service Association - San Francisco CA

International Classification:

G06Q 20/10
G06Q 20/04
G06Q 40/02
G06Q 20/02

US Classification:

705 39, 705 42, 705 40, 705 44, 705 263

Abstract:

A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.

US Patent:

8606697, Dec 10, 2013

Filed:

May 17, 2005

Appl. No.:

11/131602

Inventors:

William Reid - Castro Valley CA, US
Craig Swackhammer - Pleasanton CA, US
Kerry Lynch - Pleasanton CA, US
Johnson Lau - Parc Stevens, SG

Assignee:

Visa International Service Association - San Francisco CA

International Classification:

G06Q 20/10
G06Q 20/02
G06Q 20/04

US Classification:

705 39, 705 42, 705 40, 705 37, 705 44

Abstract:

A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.

US Patent:

20050283433, Dec 22, 2005

Filed:

May 17, 2005

Appl. No.:

11/132102

Inventors:

William Reid - Castro Valley CA, US
Craig Swackhammer - Pleasanton CA, US
Kerry Lynch - Pleasanton CA, US
Johnson Lau - Parc Stevens, SG

Assignee:

Visa International Service Association - Foster City CA

International Classification:

G06F017/60

US Classification:

705039000

Abstract:

A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.

US Patent:

20060155644, Jul 13, 2006

Filed:

Jan 12, 2005

Appl. No.:

11/034667

Inventors:

William Reid - Castro Valley CA, US
Keiron Lynch - Pleasanton CA, US
Craig Swackhammer - Pleasanton CA, US
M. Novak - Hayward CA, US
L. Martinez - Concord CA, US
John Bryant - Foster City CA, US

Assignee:

Visa International - Foster City CA

International Classification:

G06Q 40/00

US Classification:

705042000

Abstract:

A method for pre-funding is disclosed. The method includes sending a plurality of pre-fund authorization requests to a buyer financial institution, and then receiving a plurality of responses to the pre-fund authorization requests from the buyer financial institution, where each response either accepts or declines a pre-fund authorization request. A funds transfer request is sent to the buyer financial institution, where the funds transfer request corresponds to a total value of the accepted pre-fund authorization requests. Notification that funds have transferred from the buyer financial institution in response to the funds transfer request is received. Then, the sending of the funds to a supplier financial institution is authorized.