Abstract: A number of implementations of a transaction settlement process are illustrated. A system verifies buyer, seller, and financial institution data and instructions. The system stores buyer credit information, and the joint transaction instructions of buyers, sellers, and financial institutions. The system verifies invoice data against the transaction instructions and the buyer's acceptance instructions, and choose, based on the inputs, whether electronic credit or money is sent to either a joint electronic account of the buyer and the seller, or to the electronic account of the seller.

Abstract: A number of implementations of a transaction settlement mechanism are illustrated, some or all of which can be used for credit, trade credit, and contingency trade credit. The transaction settlement mechanism, according to the implementations, allows the buying and selling parties to jointly share in the direction of the electronic moneys from the conception of the transaction through to the final fund distribution. The implementations illustrated include a joint payment guarantee, an open credit, joint payment hold, a long-term joint payment hold, a credit check, a blended payment, and a pro-forma configuration.