Patents by Inventor Craig Swackhammer

Craig Swackhammer has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 10108957
    Abstract: A method is disclosed. The method includes receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system, and then receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller. The method further includes providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller.
    Type: Grant
    Filed: April 4, 2012
    Date of Patent: October 23, 2018
    Assignee: VISA INTERNATIONAL SERVICE ASSOCIATION
    Inventors: William Reid, Fredric Maslin, Craig Swackhammer, Marc Belsky
  • Patent number: 8606697
    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.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: December 10, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Patent number: 8571978
    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.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: October 29, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Patent number: 8571977
    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.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: October 29, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Patent number: 8566231
    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.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: October 22, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Publication number: 20120253975
    Abstract: A method is disclosed. The method includes receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system, and then receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller. The method further includes providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller.
    Type: Application
    Filed: April 4, 2012
    Publication date: October 4, 2012
    Inventors: William Reid, Fredric Maslin, Craig Swackhammer, Marc Belsky
  • Patent number: 8175961
    Abstract: A method is disclosed. The method includes receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system, and then receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller. The method further includes providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller.
    Type: Grant
    Filed: November 17, 2006
    Date of Patent: May 8, 2012
    Assignee: Visa International Service Association
    Inventors: William Reid, Fredric Maslin, Craig Swackhammer, Marc Belsky
  • Patent number: 8036985
    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.
    Type: Grant
    Filed: March 15, 2010
    Date of Patent: October 11, 2011
    Assignee: Visa International Service Association
    Inventors: William Reid, Keiron G. Lynch, Craig Swackhammer, M. Kathrina Novak, L. Ted Martinez, John M. Bryant
  • Publication number: 20100205092
    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.
    Type: Application
    Filed: March 15, 2010
    Publication date: August 12, 2010
    Applicant: Visa International
    Inventors: William Reid, Keiron G. Lynch, Craig Swackhammer, M. Kathrina Novak, L. Ted Martinez, John M. Bryant
  • Patent number: 7711639
    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.
    Type: Grant
    Filed: January 12, 2005
    Date of Patent: May 4, 2010
    Assignee: Visa International
    Inventors: William Reid, Keiron G. Lynch, Craig Swackhammer, M. Kathrina Novak, L. Ted Martinez, John M. Bryant
  • Publication number: 20080120218
    Abstract: A method is disclosed. The method includes receiving transaction data relating to a plurality of commercial transactions conducted by a plurality of buyers and sellers conducting commercial transactions using a transaction processing system, and then receiving a request for transaction information relating to the received transaction data from an entity, wherein the transaction information also relates to a commercial transaction between a buyer and a seller. The method further includes providing the transaction information to an entity, wherein the entity thereafter makes a decision about further interacting with the buyer or the seller.
    Type: Application
    Filed: November 17, 2006
    Publication date: May 22, 2008
    Inventors: William Reid, Fredric Maslin, Craig Swackhammer, Marc Belsky
  • Publication number: 20060155644
    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.
    Type: Application
    Filed: January 12, 2005
    Publication date: July 13, 2006
    Applicant: Visa International
    Inventors: William Reid, Keiron Lynch, Craig Swackhammer, M. Novak, L. Martinez, John Bryant
  • Publication number: 20050283431
    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.
    Type: Application
    Filed: May 17, 2005
    Publication date: December 22, 2005
    Applicant: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Publication number: 20050283433
    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.
    Type: Application
    Filed: May 17, 2005
    Publication date: December 22, 2005
    Applicant: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Publication number: 20050283432
    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.
    Type: Application
    Filed: May 17, 2005
    Publication date: December 22, 2005
    Applicant: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Publication number: 20050283416
    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.
    Type: Application
    Filed: May 17, 2005
    Publication date: December 22, 2005
    Applicant: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Publication number: 20050283430
    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.
    Type: Application
    Filed: May 17, 2005
    Publication date: December 22, 2005
    Applicant: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau