1. A method for processing a commercial financial transaction between a customer and a merchant, the commercial financial transaction including a check used by the customer for making a purchase from the merchant, said method performed using a computer coupled to a database, said method comprising:
approving the customer electronically on the computer, by an originator, for receiving a financing package for engaging in the commercial financial transaction with the merchant;
electronically storing within the database approved customer data that is associated with the approved customer;
issuing the financing package to the approved customer from the originator, the financing package including the check having a plurality of security features and a security agreement between the customer and the originator associated therewith;
electronically storing within the database financing package data that is associated with the approved customer;
receiving, electronically at the computer, first purchase data associated with the commercial financial transaction from the merchant, the first purchase data including data relating to the security agreement, the check, and a product or service purchased by the customer, the security agreement executed by the customer establishing for the originator a security interest associated with the product or service purchased by the customer, the check executed by the customer establishing a financing agreement between the customer and the originator;
performing an initial verification of the commercial financial transaction electronically on the computer including comparing the financing package data to the first purchase data; and
electronically processing the commercial financial transaction if the initial verification is satisfied.
2. A method in accordance with claim 1, wherein approving the customer comprises approving the customer based on data stored in the database, the data received from at least one of a plurality of merchants, a plurality of customers, and public databases having information relating to previous transactions by the plurality of customers.
3. A method in accordance with claim 2, wherein approving the customer further comprises determining a risk score for the customer based on the data stored in the database, and wherein the approval of the customer is based on the risk score.
4. A method in accordance with claim 2, wherein approving the customer further comprises determining a maximum check amount that can be entered by at least one of the approved customer and the originator on the check for purchasing the product or service from the merchant.
5. A method in accordance with claim 1, wherein issuing the financing package comprises creating a financing package specific to at least one of the approved customer and the merchant.
6. A method in accordance with claim 1, wherein electronically storing financing package data within the database comprises transmitting the financing package data from the originator to an originator bank, wherein the financing package includes a maximum check amount that can be entered on the check for making the purchase from the merchant.
7. A method in accordance with claim 6, wherein performing an initial verification comprises transmitting the first purchase data from the originator to the originator bank.
8. A method in accordance with claim 7, wherein performing an initial verification further comprises:
comparing, by the originator bank, a check amount entered on the check for making the purchase to the maximum check amount; and
if the entered check amount is greater than the maximum check amount, transmitting an exception message from the originator bank to the originator such that the associated transaction can be further reviewed by the originator.
9. A method in accordance with claim 1, further comprising receiving second purchase data representative of the executed check at an originator bank after the executed check has been processed by the merchant and an acquiring bank used by the merchant.
10. A method in accordance with claim 9, wherein electronically processing the commercial financial transaction comprises performing a second verification of the commercial financial transaction by comparing the second purchase data to the first purchase data.
11. A method in accordance with claim 10, wherein performing the second verification of the commercial financial transaction comprises comparing a check amount included in the second purchase data to a check amount included in the first purchase data.
12. A method in accordance with claim 10, wherein performing the second verification of the commercial financial transaction comprises comparing an execution date included in the second purchase data to an execution date included in the first purchase data.
13. A method in accordance with claim 10, wherein performing the second verification of the commercial financial transaction comprises comparing a merchant identifier included in the second purchase data to a merchant identifier included in the first purchase data.
14. A method in accordance with claim 10, further comprising performing a third verification of the commercial financial transaction including comparing an execution date included in the second purchase data to a preselected stale date included in the financing package data.
15. A method in accordance with claim 1, further comprising paying, by the approved customer to the originator, an amount of the commercial financial transaction over a specified term at a specified interest rate.
16. A network-based system for processing a commercial financial transaction between a customer and a merchant, the commercial financial transaction including a check used by the customer for making a purchase from the merchant, said system comprising:
a client system;
a database for storing information; and
a server system configured to be coupled to said client system and said database, said server system configured to:
electronically prompt a user to approve the customer for receiving a financing package for engaging in the commercial financial transaction with the merchant, wherein the financing package is issued to the approved customer, the financing package including a check having a plurality of security features and a security agreement between the approved customer and an originator of the financing package;
store within said database approved customer data that is associated with the approved customer;
store within said database financing package data that is associated with the approved customer;
receive first purchase data associated with the commercial financial transaction from the merchant, the first purchase data including data relating to the security agreement, the check, and a product or service purchased by the approved customer, the security agreement executed by the approved customer establishing for the originator a security interest associated with the product or service purchased by the approved customer, the check executed by the approved customer establishing a financing agreement between the approved customer and the originator;
perform an initial verification of the commercial financial transaction that includes a comparison of the financing package data with the first purchase data; and
process data relating to the commercial financial transaction if the initial verification is satisfied.
17. A network-based system in accordance with claim 16, wherein said server system is further configured to generate a list of approved customers based on data stored in said database, the data received from at least one of a plurality of merchants and public databases having information relating to previous transactions by the approved customers included in the list of approved customers.
18. A network-based system in accordance with claim 17, wherein said server is further configured to determine a risk score for each approved customer included in the list of approved customers based on the data stored in said database, and wherein the approval is based on the risk score.
19. A network-based system in accordance with claim 17, wherein said server is further configured to determine a maximum check amount that can be entered by at least one of the approved customer of the list of approved customers and the originator on the check for purchasing the product or service from the merchant.
20. A network-based system in accordance with claim 17, wherein the financing package to be issued to each approved customer included in the list of approved customers is specific to at least one of the approved customer to which the financing package is issued and the merchant.
21. A network-based system in accordance with claim 16, wherein the financing package data includes a maximum check amount that can be entered on the check for making the purchase from the merchant.
22. A network-based system in accordance with claim 16, wherein said server is further configured to perform the initial verification by:
comparing a check amount entered on the check for making the purchase to the maximum check amount stored within said database; and
if the entered check amount is greater than the maximum check amount, generating an exception message such that the associated transaction can be further reviewed by the originator.
23. A network-based system in accordance with claim 16, wherein said server is further configured to receive second purchase data representative of the executed check after the executed check has been processed by the merchant and an acquiring bank used by the merchant.
24. A network-based system in accordance with claim 23, wherein said server is further configured to perform a second verification of the commercial financial transaction by comparing the second purchase data to the first purchase data.
25. A network-based system in accordance with claim 23, wherein said server is further configured to perform a second verification of the commercial financial transaction by comparing a check amount included in the second purchase data to a check amount included in the first purchase data.
26. A network-based system in accordance with claim 23, wherein said server is further configured to perform a second verification of the commercial financial transaction by comparing an execution date included in the second purchase data to an execution date included in the first purchase data.
27. A network-based system in accordance with claim 23, wherein said server is further configured to perform a second verification of the commercial financial transaction by comparing a merchant identifier included in the second purchase data to a merchant identifier included in the first purchase data.
28. A network-based system in accordance with claim 23, wherein said server is further configured to perform a third verification of the commercial financial transaction by comparing an execution date included in the second purchase data to a preselected stale date included in the financing package data.
29. A computer coupled to a database for processing a commercial financial transaction between a customer and a merchant, the commercial financial transaction including a check used by the customer for making a purchase from the merchant, said computer programmed to:
electronically prompt a user to approve the customer for receiving a financing package for engaging in the commercial financial transaction with the merchant, wherein the financing package is issued to the approved customer, the financing package including a check having a plurality of security features and a security agreement between the approved customer and an originator of the financing package;
store within said database approved customer data that is associated with the approved customer;
store within said database financing package data that is associated the approved customer;
receive first purchase data associated with the commercial financial transaction from the merchant, the first purchase data including data relating to the security agreement, the check, and a product or service purchased by the approved customer, the security agreement executed by the approved customer establishing for the originator a security interest associated with the product or service purchased by the approved customer, the check executed by the approved customer establishing a financing agreement between the approved customer and the originator;
perform an initial verification of the commercial financial transaction that includes a comparison of the financing package data with the first purchase data; and
process data relating to the commercial financial transaction if the initial verification is satisfied.
30. A computer in accordance with claim 29, wherein said computer is further programmed to generate a list of approved customers based on data stored in said database, the data received from at least one of a plurality of merchants and public databases having information relating to previous transactions by the approved customers included in the list of approved customers.
31. A computer in accordance with claim 30, wherein said computer is further programmed to determine a maximum check amount that can be entered by at least one of the approved customer of the list of approved customers and the originator on the check for purchasing the product or service from the merchant.
32. A computer in accordance with claim 30, wherein the financing package to be issued to each approved customer included in the list of approved customers is specific to at least one of the approved customer to which the financing package is issued and the merchant.
33. A computer in accordance with claim 29, wherein said computer is further programmed to perform the initial verification by:
comparing a check amount entered on the check for making the purchase to a maximum check amount stored within said database; and
if the entered check amount is greater than the maximum check amount, generating an exception message such that the associated transaction can be further reviewed by the originator.
34. A computer in accordance with claim 29, wherein said computer is further programmed to receive second purchase data representative of the executed check after the executed check has been processed by the merchant and an acquiring bank used by the merchant.
35. A computer in accordance with claim 34, wherein said computer is further programmed to perform a second verification of the commercial financial transaction by comparing the second purchase data to the first purchase data.
36. A computer in accordance with claim 34, wherein said computer is further programmed to perform a second verification of the commercial financial transaction by performing at least one of:
comparing a check amount included in the second purchase data to a check amount included in the first purchase data;
comparing an execution date included in the second purchase data to an execution date included in the first purchase data;
comparing a merchant identifier included in the second purchase data to a merchant identifier included in the first purchase data; and
comparing an execution date included in the second purchase data to a preselected stale date included in the financing package data.
37. A computer-readable storage medium having a computer program of instructions embodied thereon for processing a commercial financial transaction between a customer and a merchant, the commercial financial transaction including a check used by the customer for making a purchase from the merchant, said computer program of instructions executable by a computer for performing the steps comprising:
electronically approving the customer for receiving a financing package for engaging in the commercial financial transaction with the merchant, wherein the financing package is issued to the approved customer, the financing package including a check having a plurality of security features and a security agreement between the approved customer and an originator of the financing package;
storing approved customer data that is associated the approved customer;
storing financing package data that is associated with the approved customer;
receives first purchase data associated with the commercial financial transaction from the merchant, the first purchase data including data relating to the security agreement, the check, and a product or service purchased by the approved customer, the security agreement executed by the approved customer establishing for the originator a security interest associated with the product or service purchased by the approved customer, the check executed by the approved customer established a financing agreement between the approved customer and the originator;
performing an initial verification of the commercial financial transaction that includes a comparison of the financing package data with the first purchase data; and
processing data relating to the commercial financial transaction if the initial verification is satisfied.
38. A computer-readable storage medium in accordance with claim 37, wherein said computer program of instructions is executable by the computer for performing the step comprising generating a list of approved customers based on data received from at least one of a plurality of merchants and public databases having information relating to previous transactions by the approved customers included in the list of approved customers.
39. A computer-readable storage medium in accordance with claim 38, wherein said computer program of instructions is executable by the computer for performing the step comprising determining a maximum check amount that can be entered by at least one of the approved customer of the list of approved customers and the originator on the check for purchasing the product or service from the merchant.
40. A computer-readable storage medium in accordance with claim 37, wherein the financing package data includes a maximum check amount that can be entered on the check for making the purchase from the merchant.
41. A computer-readable storage medium in accordance with claim 37, wherein said computer program of instructions is executable by the computer for performing the step comprising performing the initial verification by:
comparing a check amount entered on the check for making the purchase to the maximum check amount; and
if the entered check amount is greater than the maximum check amount, generating an exception message such that the associated transaction can be further reviewed by the originator.
42. A computer-readable storage medium in accordance with claim 37, wherein said computer program of instructions is executable by the computer for performing the step comprising receiving second purchase data representative of the executed check after the executed check has been processed by the merchant and an acquiring bank used by the merchant.
43. A computer-readable storage medium in accordance with claim 42, wherein said computer program of instructions is executable by the computer for performing the step comprising performing a second verification of the commercial financial transaction by performing at least one of:
comparing the second purchase data to the first purchase data;
comparing a check amount included in the second purchase data to a check amount included in the first purchase data;
comparing an execution date included in the second purchase data to an execution date included in the first purchase data; and
comparing a merchant identifier included in the second purchase data to a merchant identifier included in the first purchase data.
44. A computer-readable storage medium in accordance with claim 42, wherein said computer program of instructions is executable by the computer for performing the step comprising performing a third verification of the commercial financial transaction by comparing an execution date included in the second purchase data to a preselected stale date included in the financing package data.
The claims below are in addition to those above.
All refrences to claim(s) which appear below refer to the numbering after this setence.
1. A coating composition comprising an acylated lecithin additive.
2. The coating composition according to claim 1, wherein the acylated lecithin is present in a concentration of between about 0.1 and about 10.0% by weight of the composition.
3. The coating composition according to claim 1, wherein the acylated lecithin is present in a concentration of between about 0.5 and about 5.0% by weight of the composition.
4. The coating composition according to claim 1, wherein the acylated lecithin is present in a concentration of between about 1.0 and about 5.0% by weight of the composition.
5. The coating composition according to claim 1, wherein the acylated lecithin is an acetylated lecithin additive.
6. The coating composition according to claim 1, wherein the lecithin additive is derived from soybean oil.
7. The coating composition according to claim 1, wherein the composition further comprises a titanium dioxide pigment.
8. The coating composition according to claim 1, further comprising an alkyd coating, a urethane coating, an unsaturated polyester coating, a latex coating or a water dispersible coating.
9. A flat-based water-dispersed coating composition, comprising a lecithin additive present in a concentration between about 0.5 and about 10.0% by weight of the composition, wherein the additive provides improved cleanability.
10. The coating composition of claim 9, wherein the lecithin additive is present in a concentration between about 1.0 and about 5.0% by weight of the composition.
11. The dried coating of claim 1.
12. The dried coating of claim 9.
13. The dried coating of claim 11, wherein the coating demonstrates improved cleanability by 50% or more.
14. The dried coating of claim 11, wherein the coating demonstrates improved cleanability by at least 1 point on a 0 to 10 scale.
15. The dried coating of claim 11, wherein the coating demonstrates improved cleanability by at least 2 points on a 0 to 10 scale.
16. The dried coating of claim 11, wherein the coating demonstrates improved cleanability by at least 3 points on a 0 to 10 scale.
17. A method of providing improved cleanability to a substrate comprising coating the substrate with a coating composition comprising a lecithin additive.
18. The method of claim 17, wherein the lecithin additive is an acylated lecithin additive.
19. The method of claim 18, wherein the acylated lecithin additive is an acetylated lecithin additive.