首页|Patent Application Titled 'System And Method For Real-Time Three-Party Transaction Processing' Published Online (USPTO 20230419272)
Patent Application Titled 'System And Method For Real-Time Three-Party Transaction Processing' Published Online (USPTO 20230419272)
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Reporters obtained the following quote from the background information supplied by the inventors:“Various activities undertaken by members of organizations (e.g. employees of a corporate entity) mayrequire the members to incur expenses. Examples of such activities include travel, obtaining supplies,and the like. Reimbursement of such expenses typically occurs after the expenses have been not onlyincurred, but also paid for by the members. In other words, reimbursement is typically a retrospectiveprocess that may be poorly suited to applying expense policies, detecting potential fraud, and the like.Further, reimbursement processes are typically conducted manually, and may therefore be time-consumingand error-prone.”
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