Abstract: A padlock having a locking mechanism that can be unlocked using a thumbwheel, by a traveler, or by secured key, by a TSA or government agent. The Padlock has a timer that prevents the lock from unlocking for a set period of time. The padlock also has a switch that activates the activation of the timer. The activation of the timer activates the timer so that the lock cannot be unlocked until the following sequence is completed: first the padlock unlocking mechanism is activated by dialing the correct code on the thumbwheel of the padlock and thereby starting a set time period for the automatic release of the padlock and second by the lock automatically unlocking after the set period expiring. The padlock also has a bypass mechanism that bypasses the timer sequence and thereby unlocks the lock. The padlock may also have at least one light that notifies a handler of the padlock of the activation of the timer and/or the release of the padlock.

Abstract: A method that includes providing at least one account; calculating a receivable management optimization score for the at least one account based on at least one financial parameter; determining one or more receivable management optimization strategies for the at least one account based on the calculated receivable management optimization score; and applying the one or more receivable management optimization strategies to the at least one account. A system that includes one or more databases including at least one account; and a processor configured to: calculate a receivable management optimization score for the at least one account based on at least one financial parameter; determine one or more receivable management optimization strategies for the at least one account based on the calculated receivable management optimization score; and apply the one or more receivable management optimization strategies to the at least one account.

Abstract: A system and a method are disclosed for accessing the need and ability of an organization such as a business to use a financial product. The need is related to the length of time it takes the organization to receive payment after making a sale, and whether the organization receives payment for the sale. The need is greatest for an organization with a high bad debt ratio or slow average time until payment is received. The ability of the organization to pay for the financial product is greater when gross profit margin is high. The total volume of sale can also be taken into account in determining whether the organization can use the financial product.

Abstract: The present invention provides a system and method to enable a third party service provider of EIPP services to initiate authorization and settlement of payment card payments with invoice line item data, on behalf of either Buyer/Payers or Supplier/Payees to credit card acquirers and/or transaction processors. Payment initiation is based on submission of either a pre-approved invoice or order confirmation validated against a purchase order, or an invoice approved by the Buyer/Payer organization and scheduled for payment.

Abstract: One inventive step includes facilitating obtaining a payment file associated with a buyer (for example, directly from the buyer, or from a third party partner). The file includes data specifying a first form of payment from the buyer to a first biller and data specifying a second form of payment, different than the first form of payment, from the buyer to a second biller. Other inventive steps include facilitating appending first stored data to the data specifying the first form of payment to the first biller, to effectuate payment to the first biller by the first form of payment; and facilitating appending second stored data to the data specifying the second form of payment to the second biller, to effectuate payment to the second biller by the second form of payment.