Method for matching financial supply to demand
First Claim
1. A method for a service provider to facilitate one or more financial transactions between one or more suppliers of capital, each supplier having a set of supply criteria, and one or more demanders of capital, each demander having a request for financing, the method comprising the steps of:
- (a) receiving from a first supplier a referral regarding a first demander rejected by the first supplier;
(b) entering data about the first demander into a database in association with a confidential demander code, the data comprising general and financial information about the first demander and the first demander'"'"'s request for financing;
(c) facilitating a search of the database by or on behalf of a second supplier to identify one or more prospective demanders that satisfies the second supplier'"'"'s set of supply criteria;
(d) arranging a meeting between the second supplier and the first demander;
(e) upon the first demander and the second supplier consummating a financial transaction, receiving compensation from the first demander, the second supplier, or both, for facilitating the transaction between the first demander and the second supplier; and
(f) sharing with the first supplier a portion of the compensation.
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Accused Products
Abstract
A method for a service provider to facilitate financial transactions between demanders and suppliers. In one embodiment, the service provider receives a referral from a first supplier regarding a first demander rejected by the first supplier. Data relating to the first demander is entered into a database in association with a confidential demander code. A second supplier, through a database search, is provided information on prospective demanders, initially only by confidential code, and ultimately arranges a meeting with the first demander arranged by the service provider. If the first demander and second supplier consummate a financial transaction, the service provider is compensated and the service provider shares the compensation with the first supplier who referred the first demander. Related methods allow suppliers to search for other suppliers and demanders to search for suppliers or other demanders. Computer program products for carrying out the method steps of the invention are also claimed.
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Citations
26 Claims
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1. A method for a service provider to facilitate one or more financial transactions between one or more suppliers of capital, each supplier having a set of supply criteria, and one or more demanders of capital, each demander having a request for financing, the method comprising the steps of:
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(a) receiving from a first supplier a referral regarding a first demander rejected by the first supplier;
(b) entering data about the first demander into a database in association with a confidential demander code, the data comprising general and financial information about the first demander and the first demander'"'"'s request for financing;
(c) facilitating a search of the database by or on behalf of a second supplier to identify one or more prospective demanders that satisfies the second supplier'"'"'s set of supply criteria;
(d) arranging a meeting between the second supplier and the first demander;
(e) upon the first demander and the second supplier consummating a financial transaction, receiving compensation from the first demander, the second supplier, or both, for facilitating the transaction between the first demander and the second supplier; and
(f) sharing with the first supplier a portion of the compensation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for a service provider to facilitate one or more financial transactions among one or more suppliers of capital, each supplier having a set of supply criteria, one or more demanders of capital, each demander having a request for financing, or a combination thereof, the method comprising the steps of:
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(a) collecting data from a plurality of members comprising at least two suppliers, at least two demanders, or a combination thereof, and entering the data for each member into a database in association with one or more confidential codes and, optionally, an identification of an initial referring party who first referred each to the service provider;
(b) facilitating a search of the database by or on behalf of a searcher who is one of the members, to identify by confidential code at least one other member meeting criteria entered by the searcher;
(c) arranging a meeting between the searcher and at least one of the other members identified in step (b);
(d) upon the searcher and at least one other member consummating a financial transaction, receiving compensation from at least one of the searcher or the other member for facilitating the transaction; and
(e) optionally, sharing with the initial referring party a portion of the compensation. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A method for a supplier of capital to handle a rejection of a financial request by a first demander, the method comprising the steps of:
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(a) being a first supplier to refer the first demander to a service provider comprising an entity who collects data from the first demander and enters it into a database and makes that data available to one or more other suppliers in a pool; and
(b) receiving compensation from the service provider if the first demander enters into a financial transaction with one of the other suppliers in the pool who accepts the first demander'"'"'s financial request.
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21. A computer program product usable by a service provider and comprising at least one program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a set of method steps for facilitating one or more financial transactions between one or more suppliers of capital, each supplier having a set of supply criteria, and one or more demanders of capital, each demander having a request for financing, or among at least two suppliers or at least two demanders, the method steps comprising:
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(a) recording data from a plurality of members comprising at least two suppliers, at least two demanders, or a combination thereof, in a database in association with one or more confidential codes;
(b) conducting a search of the database to identify by confidential code one or more other members meeting criteria entered by a searcher;
(c) providing (i) an output of search results of at least a first level of information including the confidential code and general background information for the one or more other members, and optionally, (ii) in response to a follow-up selection of at least one of the other members identified in the search results, a second level of information comprising more information than the general background information; and
further optionally, (iii) receiving and recording an identification of at least one of the other members to meet with the searcher;
(d) recording in the database each financial transaction between or among members. - View Dependent Claims (22, 23, 24, 25)
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26. A method for facilitating a financial transaction between a capital supplier and a capital demander, the method comprising:
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establishing a capital supplier database containing at least one capital supplier identified by a first code and a plurality of standardized business information for each supplier, including supply criteria required by the capital supplier for supplying capital;
establishing a capital demander database containing at least one capital demander identified by a second code and a plurality of standardized business information for each demander, including demand parameters related to the intended use of the capital;
cross-referencing the capital supplier and capital demander databases to identify at least one capital supplier and one capital demander wherein the one capital supplier'"'"'s supply criteria substantially matches the one capital demander'"'"'s demand parameters; and
initiating a controlled discourse between at least the one capital supplier and the one capital demander for the purpose of reaching agreement for the capital supplier to supply capital to the capital demander.
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Specification