Patents by Inventor J. Sott MacKay

J. Sott MacKay 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).

  • Publication number: 20020082985
    Abstract: The invention relates to a method and system wherein a Funding Company and a Purchaser enter into an agreement pursuant to which a mechanism is established under which the Purchaser's Suppliers are offered the opportunity to obtain the prompt or accelerated payment of the Purchaser's existing or future trade credit obligations (which are commonly referred to as the Purchaser's “accounts payable” or “trade payables”) to them in exchange for providing percentage discounts, which are commonly referred to as “prompt payment discounts,” from such trade credit obligations. Suppliers may bargain or bid for prompt or accelerated payment under the mechanism that is established by offering prompt payment discounts with respect to such trade credit obligations.
    Type: Application
    Filed: December 21, 2000
    Publication date: June 27, 2002
    Inventor: J. Sott MacKay