Methods and systems for coordinating pooled financial transactions
US7225154B2 · kind B2 · utility
13Cited by
17References
20Claims
0Family size
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Key dates
| Filing date | Mar 17, 2003 |
| Grant date | May 29, 2007 |
| Priority date | — |
| Expiry date | Apr 30, 2024 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods and systems are provided for processing a financial transaction. A set of conditions is received that define circumstances for execution of the financial transaction. Funds are collected for each of a plurality of partial payments prior to satisfaction of the set of conditions, with at least two of the partial payments being collected from different persons. The collected funds are accumulated for support of the financial transaction until satisfaction or failure of the set of conditions.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.