AN AUTOMATED PAYMENT SYSTEM FOR EXECUTION AND SETTLEMENT OF NETWORK PURCHASE TRANSACTIONS

摘要

A system for completing purchases between a buyer and at least one seller includes an administration network with a server, seller software, a buyer database including buyer entitlements and authentication, a seller database including seller entitlement and authentication. The administration network matches financial entitlements and authentications of buyers and sellers for purchase transactions. The administration network further includes financial intermediary resources that have a database with a list of approved buyers matched to each buyer's personalized purchasing capacities. A plurality of seller networks are coupled to the administration network. Each seller network includes a server and resources that provide quotes for product sale transactions.