System, software and method of evaluating, buying and selling consumer's present and potential buying power through a clearing house

• US 20010027413A1
• Filed: 02/23/2001
• Published: 10/04/2001
• Est. Priority Date: 02/23/2000
• Status: Abandoned Application

• Current Assignee: Hafiz Khalid Rehman Bhutta
• Original Assignee: Hafiz Khalid Rehman Bhutta
• Inventors: Bhutta, Hafiz Khalid Rehman
• Application Number:
  US09/792,525
• Publication Number:
  US 20010027413A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0224 based on user history
• CPC Class Codes: G06Q 30/0235 constrained by time limit or expiration date
• CPC Class Codes: G06Q 30/0236 Incentive or reward received by requiring registration or ID from user

Abstract

A unified system, software and methods for facilitating the transaction of business in which consumers, individuals or entities, sell their present and potential buying power to a clearing house or client transaction broker that first buys the buying power from the consumer and then may sell it to various companies and merchants. The clearing house evaluates each consumer'"'"'s purchasing potential or buying power to determine the type, quantity and the monetary value of the transactions which the consumer will conduct during a given period of time. The buying power or purchasing potential is further used as a basis for determining cash value or compensation that may be paid up-front or guaranteed to be paid according to an agreed-upon schedule, method, type and form of payment. The consumer is presented with an diversified plurality of options for receiving the agreed-upon compensation in exchange for the consumer'"'"'s obligation to transact with companies and merchants affiliated with the clearing house.

Claims

1. A system for distributing dividend income to a plurality of consumer participants based upon their transaction of business with a plurality of affiliated partners, the system comprising:

a plurality of encoded membership identifiers that uniquely identify each of the consumer participants;

a plurality of networked identification devices which are distributed to each of the affiliated partners wherein each of the plurality of networked identification devices uniquely identify one of the plurality of consumer participants, wherein each of the plurality of networked identification devices record and transmit participant transaction information identifying a particular membership identifier and transaction information corresponding to mercantile activity the consumer participant engaged with the affiliated partner;

a client transaction broker system that includes an associated customer information database having a record for each of the plurality of consumer participants, wherein the client transaction broker system receives the participant transaction information and determines a compensation dividend to be afforded to the consumer participant based upon their transaction with the affiliated partner such that the client transaction broker system updates the information within the record corresponding to the consumer participant and wherein the client transaction broker system further evaluates the consumer participant'"'"'s purchasing power to determine the compensation dividend and wherein the client transaction broker system uses a return dividend provided by the affiliated partner in exchange for participant mercantile activity to fund the consumer compensation dividend.

2. The system for distributing dividend income of

claim 1

, wherein the membership identifiers comprise encoded identification or membership cards.

3. The system for distributing dividend income of

claim 2

, wherein the networked identification devices comprise card reading machines which interpret information contained in the encoded identification cards and membership cards.

4. The system for distributing dividend income of

claim 1

, wherein the compensation dividend further comprises a guaranteed single sum payment.

5. The system for distributing dividend income of

claim 4

, wherein the payment is selected from the group consisting of money, goods, and services.

6. A computerized system for transacting business, the system comprising;

an analysis component which;

(1) quantities the total purchasing power of a plurality of consumer participants wherein the purchasing power reflects each participant'"'"'s ability to engage in mercantile activity;

(2) analyses the purchasing power of each consumer participant and determines a least one compensation dividend to provide the consumer participant with;

(3) allocates the compensation dividend for each consumer participant in exchange for an estimable quantity of mercantile activity; and

a tracking component which monitors and tracks the mercantile activity of the consumer participant.

7. The computerized system for transacting business of

claim 6

, wherein the compensation dividend further comprises a guaranteed single sum payment.

8. The computerized system for transacting business of

claim 7

, wherein the payment is selected from the group consisting of money, goods, and services.

9. A method of transacting business, the method comprising:

enrolling a plurality of consumer participants in an organization wherein each consumer participant engages in mercantile activity of estimable quantities;

determining an estimated aggregate of the total purchasing power of the plurality of consumer participants for the mercantile activity;

selling the consumers buying power to one or more affiliated partners so that the affiliated partners will agree to buy at least a portion of the buying power of the consumer and pay the agreed upon price to the organization for the mercantile activity of the consumer participants wherein the return dividend is calculated based, at least in part, on the determined estimated aggregate of the total purchasing power;

obligating the consumer participants to engage in mercantile activity with the one or more affiliated partners; and

distributing compensation to the consumer participants that is derived from the return dividends received by the organization from the affiliated partners, wherein the compensation is based upon the level of mercantile activity with the one or more affiliated partners.

10. The method of transacting business of

claim 9

, wherein the mercantile activity engaged in by each consumer participant comprises purchasing goods and services from the affiliated partners.

11. The method of transacting business of

claim 9

, wherein the mercantile activity engaged in by each consumer participant comprises purchasing goods and services from the organization.

12. The method of transacting business of

claim 9

, wherein the mercantile activity engaged in by each consumer participant comprises performing commercial transactions with the affiliated partners.

13. The method of transacting business of

claim 9

, wherein determining the estimated aggregate of total purchasing power of consumer participants comprises evaluating a plurality of consumer factors which combine to construct a personal and financial profile of the consumer participant.

14. The method of transacting business of

claim 13

, wherein constructing the personal and financial profile of the consumer participant comprises evaluating consumer factors related to income of the participant.

15. The method of transacting business of

claim 13

, wherein constructing the personal and financial profile of the consumer participant comprises evaluating consumer factors related to financial resources of the participant.

16. The method of transacting business of

claim 13

, wherein constructing the personal and financial profile of the consumer participant comprises evaluating consumer factors related to financial obligations of the participant

17. The method of transacting business of

claim 13

, wherein constructing the personal and financial profile of the consumer participant comprises evaluating consumer factors related to a purchasing habits of the participant.

18. The method of transacting business of

claim 13

, wherein constructing the personal and financial profile of the consumer participant comprises evaluating consumer factors related to a personal information of the participant.

19. The method of transacting business of

claim 9

, wherein the estimated aggregate of total purchasing power can be used to assess both short-term and long-term mercantile activity.

20. The method of transacting business of

claim 9

, wherein the compensation is determined by evaluating a plurality of compensation factors which customize the compensation dividend for each participant.

21. The method of transacting business of

claim 20

, wherein determining the compensation comprises evaluating the purchasing power of the consumer participant.

22. The method of transacting business of

claim 20

, wherein determining the compensation comprises evaluating a duration related compensation factor.

23. The method of transacting business of

claim 20

, wherein determining the compensation comprises evaluating a commitment related compensation factor.

24. The method of transacting business of

claim 20

, wherein determining the compensation comprises evaluating a flexibility related compensation factor.

25. The method of transacting business of

claim 20

, wherein determining the compensation comprises evaluating a need related compensation factor.

26. The method of transacting business of

claim 20

, wherein determining the compensation comprises evaluating a desire related compensation factor.

27. The method of transacting business of

claim 9

, wherein distributing the compensation comprises distributing a profit sharing dividend to a party designated by the consumer participant.

28. The method of transacting business of

claim 9

, wherein distributing the compensation comprises distributing a product pricing dividend to a party designated by the consumer participant.

29. The method of transacting business of

claim 9

, wherein distributing the compensation comprises distributing an earned revenue dividend to a party designated by the consumer participant.

30. The method of transacting business of

claim 9

, wherein distributing the compensation comprises distributing a pre-allocated compensation dividend to a party designated by the consumer participant.

31. The method of transacting business of

claim 9

wherein distributing compensation comprises distributing a loan dividend to a party designated by the consumer participant.

32. The method of transacting business of

claim 9

wherein distributing the compensation comprises distributing a reward dividend to a party designated by the consumer participant.

33. The method of transacting business of

claim 9

wherein distributing the compensation comprises distributing a contribution dividend to a party designated by the consumer participant.

34. The method of transacting business of

claim 9

, wherein enrolling the plurality of consumer participants further comprises;

acquiring consumer participant information;

reviewing compensation dividends with the consumer participant;

analyzing the purchasing power of the consumer participant; and

selecting a compensation dividend;

35. The method of transacting business of

claim 9

, wherein distributing the compensation to the consumer participant further comprises;

determining when the compensation dividend should be distributed to the consumer participant;

monitoring the obligated mercantile activity of the consumer participant to insure compliance; and

determining when a term or expiration date of compensation dividends has elapsed.

36. The method of transacting business of

claim 9

, wherein at least a portion of the method is executed within a computerized framework.

37. A method for conducting incentive-driven commerce, the method comprising:

quantitating the present and future buying power of a consumer participant;

providing a compensation dividend in exchange for the sale of the consumer participant'"'"'s present and future buying power wherein the compensation dividend is calculated based on the present and future buying power of the consumer participant;

obligating the consumer participant to engage in mercantile activity with at least one affiliated merchant in exchange for the compensation dividend; and

acquiring a return dividend from the affiliated merchants, wherein the return dividend is based, at least in part, upon the mercantile activity of the consumer participant.

38. The method of conducting incentive-driven commerce of

claim 37

, wherein quantitating the present and future buying power of a consumer participant further comprises assigning a score to an aggregate of the present and future buying power of the consumer participant.

39. The method of conducting incentive-driven commerce of

claim 38

, wherein the score is used to determine the type and amount of the compensation dividend.

40. The method of conducting incentive-driven commerce of

claim 37

, wherein the buying power of the consumer participant is quantitated by assessing the personal and financial profile of the consumer participant and evaluating consumer factors related to income of the participant.

41. The method of conducting incentive-driven commerce of

claim 37

, wherein the buying power of the consumer participant can be used to assess both short-term and long-term mercantile activity.

42. The method of conducting incentive-driven commerce of

claim 37

, wherein the compensation dividend is provided to the consumer participant in an up-front manner prior to the consumer participant engaging in mercantile activity with the affiliate merchants.

43. The method of conducting incentive-driven commerce of

claim 37

, wherein the compensation dividend is provided to the consumer participant after the consumer participant has engaged in mercantile activity with the affiliate merchants.