Computer-Implemented Method and System for Transaction by Vendors and Customers

Abstract

A computer-implemented method for registering vendors and customers within an e-commerce system and facilitating e-commerce transactions is provided. The method includes receiving a registration application from a vendor and receiving a registration application from a customer. The method includes receiving consent from the vendor to conduct background checks. The method includes conducting background checks on the vendor and generating a background check report associated with the vendor. The method includes assigning a risk score to the vendor based on the background check report. The method includes approving or disapproving the vendor's registration based on the review of the background check report and the risk score.

CPC Classifications