TRANSACTION MANAGEMENT SYSTEMS

摘要

A transaction management system (see Fig 1) is described in which transactions between buyers and sellers are monitored to determine sellers qualifying for guaranteed status. The sellers log details of their goods or services with the system which are provided to buyers togetherr with an indication of the seller's underwritten status. A buyer purchasing from a guaranteed or underwritten seller using this system obtains compensation in the event the seller does not deliver.The system is capable of selecting an alternative good or service for delivery to the buyer by the agreed date using the database of sales data.The sellers are graded in bands by historical data.