SYSTEM AND METHOD FOR MATCHING VENDORS AND CLIENTS
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United States of America Patent
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Issued Date -
Sep 18, 2014
app pub date -
Mar 14, 2014
filing date -
Mar 14, 2013
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Abstract
A system and method for providing same-day funding to a vendor of a sale from a financial institution including the substantially real-time procedures of applying for funding, processing of the application, and providing same-day funding. The system and methods also including utilizing an open exchange platform for data communication and processing between a vendor system and a financial institution system. The same-day funding including an initial assessment and processing to determine if an application is eligible for same-day funding followed by further assessments and processing of application data where it is determined that the application is eligible for same-day funding.
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