US Patent Issued to EASI B2B on July 21 for "Purchase management system and method" (Swedish Inventor)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,526, issued on July 21, was assigned to EASI B2B AB (Stockholm).

"Purchase management system and method" was invented by Patric Eriksson (Stockholm).

According to the abstract* released by the U.S. Patent & Trademark Office: "A purchase management system includes a central database arrangement, a customer interface, and a bank specific database module that communicates with a transaction authorization module within a bank. The central database arrangement is arranged to receive, from a purchasing entity through the customer interface, purchasing rules applying to a purchasing group, and includes central processing means arranged to: add a selected purchasing group as metadata lin...