Method and system for buyer centric dispute resolution in electronic payment system

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7437327
APP PUB NO 20030220843A1
SERIAL NO

10155866

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Method of facilitating resolution of a dispute between a buyer and a seller in an electronic payment system. An electronic payment system is also described. An invoice is received from the seller and is electronically routed to the individuals in the buyer's organization. Indications that the invoice is disputed, corrections to the invoice, comments for the seller regarding the invoice and comments for other individuals in the buyer's organization are received from a set of two or more individuals in the buyer's organization. An indication that the invoice is disputed, corrections to the invoice and comments for the seller are forwarded to the seller without forwarding the comments for other individuals in the buyer's organization. A response to the buyer's indication that the invoice is disputed is received from the seller. The response includes an acceptance of changes suggested by the buyer or an indication that the seller disputes the changes suggested by the buyer. Payment is withheld for the invoice until an indication from the buyer has been received that the buyer has determined that the invoice has been paid. The indication, corrections and comments to the seller may be forwarded to the seller in an electronic mail message.

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Patent Owner(s)

  • JPMORGAN CHASE BANK, NATIONAL ASSOCIATION;JP MORGAN CHASE BANK, N.A.

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Lam, Duc San Jose, CA 20 1235
McRae, Xuan(Sunny) Fremont, CA 5 464
Wyman, Celeste San Francisco, CA 2 202

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