WO2002041120A3 - Automated online sales risk management system - Google Patents

Automated online sales risk management system Download PDF

Info

Publication number
WO2002041120A3
WO2002041120A3 PCT/US2001/051200 US0151200W WO0241120A3 WO 2002041120 A3 WO2002041120 A3 WO 2002041120A3 US 0151200 W US0151200 W US 0151200W WO 0241120 A3 WO0241120 A3 WO 0241120A3
Authority
WO
WIPO (PCT)
Prior art keywords
transaction
management system
cost
risk management
insurance
Prior art date
Application number
PCT/US2001/051200
Other languages
French (fr)
Other versions
WO2002041120A9 (en
WO2002041120A2 (en
Inventor
Sharon Greener
Mark Higgins
Effie Konstant Anagnostopoulos
Paul Young
Daniel J Rothman
John Godfrey
Mel Gunewardena
Original Assignee
Goldman Sachs & Co
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Goldman Sachs & Co filed Critical Goldman Sachs & Co
Priority to JP2002542982A priority Critical patent/JP2004533661A/en
Priority to EP01992464A priority patent/EP1344122A4/en
Priority to AU2002232947A priority patent/AU2002232947A1/en
Priority to CA002429190A priority patent/CA2429190A1/en
Publication of WO2002041120A2 publication Critical patent/WO2002041120A2/en
Publication of WO2002041120A3 publication Critical patent/WO2002041120A3/en
Publication of WO2002041120A9 publication Critical patent/WO2002041120A9/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/381—Currency conversion
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4016—Transaction verification involving fraud or risk level assessment in transaction processing

Abstract

The present invention contemplates a risk management system (113) for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sale risk management system facilitates a transaction (111) by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency management system can receive an amount relating to a deliverable involded in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred.
PCT/US2001/051200 2000-11-16 2001-11-13 Automated online sales risk management system WO2002041120A2 (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
JP2002542982A JP2004533661A (en) 2000-11-16 2001-11-13 Automatic online sales risk management system
EP01992464A EP1344122A4 (en) 2000-11-16 2001-11-13 Automated online sales risk management system
AU2002232947A AU2002232947A1 (en) 2000-11-16 2001-11-13 Automated online sales risk management system
CA002429190A CA2429190A1 (en) 2000-11-16 2001-11-13 Automated online sales risk management system

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US09/714,315 2000-11-16
US09/714,315 US7979347B1 (en) 2000-03-16 2000-11-16 Automated online sales risk management

Publications (3)

Publication Number Publication Date
WO2002041120A2 WO2002041120A2 (en) 2002-05-23
WO2002041120A3 true WO2002041120A3 (en) 2002-11-28
WO2002041120A9 WO2002041120A9 (en) 2003-07-24

Family

ID=24869541

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/051200 WO2002041120A2 (en) 2000-11-16 2001-11-13 Automated online sales risk management system

Country Status (6)

Country Link
US (2) US7979347B1 (en)
EP (1) EP1344122A4 (en)
JP (1) JP2004533661A (en)
AU (1) AU2002232947A1 (en)
CA (1) CA2429190A1 (en)
WO (1) WO2002041120A2 (en)

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US11532040B2 (en) 2019-11-12 2022-12-20 Bottomline Technologies Sarl International cash management software using machine learning
US11526859B1 (en) 2019-11-12 2022-12-13 Bottomline Technologies, Sarl Cash flow forecasting using a bottoms-up machine learning approach
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US11934375B2 (en) 2022-07-28 2024-03-19 The Toronto-Dominion Bank System for automatic data transfer acceleration
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Also Published As

Publication number Publication date
CA2429190A1 (en) 2002-05-23
US20120150568A1 (en) 2012-06-14
JP2004533661A (en) 2004-11-04
US7979347B1 (en) 2011-07-12
EP1344122A4 (en) 2006-09-06
AU2002232947A1 (en) 2002-05-27
WO2002041120A9 (en) 2003-07-24
EP1344122A2 (en) 2003-09-17
WO2002041120A2 (en) 2002-05-23

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