Method and system facilitating transactions between consumers and service providers

• US 20030208412A1
• Filed: 02/06/2003
• Published: 11/06/2003
• Est. Priority Date: 09/28/2001
• Status: Abandoned Application

• Current Assignee: Creditminders Incorporated
• Original Assignee: Creditminders Incorporated
• Inventors: Shields, Daniel P, Ritzema, Richard J, Hillestad, Willam E., Hills, Charles F Jr.
• Application Number:
  US10/344,085
• Publication Number:
  US 20030208412A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A computerized system is disclosed for facilitating the transactions between a buyer of credit (Member) with a seller of credit (Lender) (see FIG. 1). The method and system builds a credit marketplace web site that allows Members and Lenders (14) to interact in a secure and neutral environment. Members receive credit reports and may use these reports to extend anonymous credit requests. Lenders may filter the credit requests using criteria by which they will determine which offers are suitable for potential review. The extension of a credit offer by a lender to the Member causes the Lender to be charged a transaction fee, which may be shared by other Lenders who likewise extend credit offers to the member.

Claims

1. A method for facilitating a transaction between a first party and at least one second party offering a good or service, the method implementable on a computer system, the method comprising:

a) receiving an electronic request by the first party for a quote relating to the good or service;

b) retrieving an electronic credit report for the first party;

c) electronically configuring the request and the credit report to create an identity for the first party, wherein configuring to create the identity comprises removing first party personal information from the request and the credit report; and

d) placing the identity on the system to make it accessible to the at least one second party.

2. The method of claim 1, further comprising receiving an electronic filter from the at least one second party to filter the request dependent on parameters specified in the identity.

3. The method of claim 1, further comprising receiving an electronic offer from the at least one second party in response to the request.

4. The method of claim 3, further comprising electronically charging at least one second party a transaction fee upon receipt of the offer.

5. The method of claim 3, further comprising receiving an electronic acceptance from the first party in response to the offer.

6. The method of claim 5, further comprising providing the first party personal information to the at least one second party.

7. A method for facilitating a transaction between one or more first parties and a second party offering a good or service, the method implementable on a computer system, the method comprising:

a) receiving electronic requests from the one or more first parties for quotes relating to the good or service, the requests containing parameters relevant to the good or service; and

b) receiving an electronic filter from the second party, wherein the filter specifies suitable request parameters;

c) electronically filtering the requests in accordance with the filter to select requests having the suitable request parameters; and

d) storing the filtered requests in a queue accessible only by the second party.

8. The method of claim 7, wherein the requests include electronically obtained credit information for the one or more first parties.

9. The method of claim 8, wherein the requests are configured to remove personal information concerning the one or more first parties.

10. The method of claim 7, further comprising receiving an electronic offer from the second party in response to the filtered request of one of the first parties.

11. The method of claim 10, further comprising electronically charging the second party a transaction fee upon receipt of the offer.

12. The method of claim 10, further comprising receiving an electronic acceptance from the one first party in response to the offer.

13. The method of claim 12, further comprising providing personal information concerning the one first party to the second party.

14. The method of claim 7, further comprising automatically receiving an electronic offer from the second party in response to the filtered requests in the queue.

15. A method for funding a computer system for facilitating a transaction between a first party and one or more second parties offering a good or service, the method implementable on a computer system, the method comprising:

a) electronically receiving a request by the first party for a quote relating to the good or service;

b) placing the request on the system to make it accessible to the one or more second parties;

c) electronically receiving one or more offers relating to the good or service from the one or more second parties in response to the request, the received offers being accessible by the first party who may accept the offers; and

d) electronically charging the one or more second parties a first transaction fee upon receipt of the offers.

16. The method of claim 15, wherein the request includes electronically obtained credit information for the first party.

17. The method of claim 16, wherein the request is configured to remove personal information concerning the first party.

18. The method of claim 15, further comprising receiving an electronic acceptance from the first party in response to one of the offers.

19. The method of claim 18, further comprising electronically charging one second party a second transaction fee upon receipt of the acceptance of the one offer, wherein the second transaction fee replaces the first transaction fee charged to the one second party.

20. The method of claim 19, further comprising providing first party personal information to the one second party.

21. The method of claim 15, further comprising receiving an electronic filter from the one or more second parties to filter the request dependent on parameters specified in the request.

22. The method of claim 15, wherein the first transaction fee is apportioned between all of the one or more second parties for which offers are received.

23. A system for facilitating a transaction between a first party and at least one second party offering a good or service, comprising:

a) a first database for receiving an electronic request by the first party for a quote relating to the good or service;

b) a second database for storing an electronic credit report for the first party;

c) a third database for storing an anonymous identity for the first party, wherein the identity comprises a combination of the request in the first database and the credit report in the second database; and

d) a fourth database for placing the identity on the system to make it accessible to the at least one second party.

24. A system for facilitating a transaction between a plurality of first parties and a second party offering a good or service, comprising:

a) a first database for receiving electronic requests by the first parties for quotes relating to the good or service, the first database also storing parameters specified by the first parties relevant to the good or service;

b) an electronic filter defined by the second party which specifies suitable request parameters; and

c) an electronic queue for storing the requests passed by the filter.

25. A system for facilitating a transaction between a first party and at least one second party offering a good or service, comprising:

a) a first database for receiving an electronic request by the first party for a quote relating to the good or service;

b) a second database for receiving an offer relating to the good or service from the at least one second party in response to the request, the received offer being accessible by the first party who may accept the offer; and

c) a third database containing fees charged to the at least one second party in response to the received offer.