Related party payment system

US8442868B2 · kind B2 · utility

Assignee

• The Spendsmart Payments Company · US

Inventors

• James Collas · Dakota Dunes, US
• Chris Nicolaidis · Carlsbad, US
• Jonathan Shultz · Huntsville, US
• Jeffery Hall · Denver, US

Key dates

• Filing date: Oct 3, 2011
• Grant date: May 14, 2013
• Expiry date: Oct 3, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are disclosed herein which that enable a first party, such as a child, to selected one or more items offered by an online retailer and to send a request to a second party, such as a parent or guardian, to request that the second party purchase the item or items for the first party. The systems and methods provide the second party with the ability to view requests received from the first party, to set limits on the number of requests and the amounts of the requests that the first party may make. The second party may also designate the parties to whom the first party may submit purchase requests. The child may also submit request to one or more non-parental contributors who may contribute money toward the purchase the one or more items for the child.