Methods and systems for conducting electronic commerce
First Claim
1. A computer-implemented method for conducting an electronic commerce transaction between a buyer and a seller, said electronic commerce transaction being conducted via a telecommunication network, comprising:
- receiving identity information pertaining to said buyer;
ascertaining a set of financing terms associated with said buyer, said set of financing terms including at least a first interest rate, a triggering condition, and a second interest rate lower than said first interest rate, said triggering condition pertaining to at least one parameter associated with said electronic commerce transaction;
ascertaining whether said electronic commerce transaction satisfies said triggering condition; and
if said triggering condition is satisfied by said electronic commerce transaction, applying said second interest rate to a financing amount, at least a portion of said financing amount being attributable to said electronic commerce transaction, else applying said first interest rate to said financing amount if said triggering condition is not satisfied by said electronic commerce transaction.
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Accused Products
Abstract
A computer-implemented method for conducting an electronic commerce transaction between a buyer and a seller is disclosed. The electronic commerce transaction is conducted via a telecommunication network. The method includes receiving identity information pertaining to the buyer and ascertaining a set of financing terms associated with the buyer. The set of financing terms includes at least a first interest rate, a triggering condition, and a second interest rate lower than the first interest rate. The triggering condition pertains to at least one parameter associated with the electronic commerce transaction. The method also includes ascertaining whether the electronic commerce transaction satisfies the triggering condition. If the triggering condition is satisfied by the electronic commerce transaction, the method includes applying the second interest rate to a financing amount, at least a portion of the financing amount being attributable to the electronic commerce transaction, else applying the first interest rate to the financing amount if the triggering condition is not satisfied by the electronic commerce transaction.
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Citations
31 Claims
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1. A computer-implemented method for conducting an electronic commerce transaction between a buyer and a seller, said electronic commerce transaction being conducted via a telecommunication network, comprising:
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receiving identity information pertaining to said buyer;
ascertaining a set of financing terms associated with said buyer, said set of financing terms including at least a first interest rate, a triggering condition, and a second interest rate lower than said first interest rate, said triggering condition pertaining to at least one parameter associated with said electronic commerce transaction;
ascertaining whether said electronic commerce transaction satisfies said triggering condition; and
if said triggering condition is satisfied by said electronic commerce transaction, applying said second interest rate to a financing amount, at least a portion of said financing amount being attributable to said electronic commerce transaction, else applying said first interest rate to said financing amount if said triggering condition is not satisfied by said electronic commerce transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer-implemented method for conducting an electronic commerce transaction between a buyer and a seller, said electronic commerce transaction being conducted via a telecommunication network, comprising:
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receiving identity information pertaining to said buyer;
ascertaining a set of financing terms associated with said buyer, said set of financing terms including at least a first financing term, a plurality of triggering conditions, and a plurality of alternative financing terms, each alternative financing term in said plurality of alternative financing terms being more favorable to said buyer than said first financing term;
ascertaining whether said electronic commerce transaction satisfies at least one triggering condition of said plurality of triggering conditions; and
if said electronic commerce transaction satisfies said at least one triggering condition of said plurality of triggering conditions, applying an alternative financing term associated with said at least one triggering condition satisfied by said electronic commerce transaction to at least a portion of a financing amount attributable to said electronic commerce transaction, said alternative financing term associated with said at least one triggering condition satisfied by said electronic commerce transaction being an alternative financing term of said plurality of alternative financing terms, else applying said first financing term to said financing amount. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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21. An article of manufacture comprising a program storage medium having computer readable code embodied therein, said computer readable code being configured for conducting an electronic commerce transaction between a buyer and a seller, said electronic commerce transaction being conducted via a telecommunication network, comprising:
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computer readable code for receiving identity information pertaining to said buyer;
computer readable code for ascertaining a set of financing terms associated with said buyer, said set of financing terms including at least a first interest rate, a triggering condition, and a second interest rate lower than said first interest rate, said triggering condition pertaining to at least one parameter associated with said electronic commerce transaction;
computer readable code for ascertaining whether said electronic commerce transaction satisfies said triggering condition; and
computer readable code for applying, if said triggering condition is satisfied by said electronic commerce transaction, said second interest rate to a financing amount, at least a portion of said financing amount being attributable to said electronic commerce transaction, else applying said first interest rate to said financing amount if said triggering condition is not satisfied by said electronic commerce transaction. - View Dependent Claims (22, 23, 24, 25)
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26. A computer-implemented method for conducting an electronic commerce transaction between a buyer and a seller, said electronic commerce transaction being conducted via a telecommunication network, comprising:
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receiving identity information pertaining to said buyer;
ascertaining, based on past transactions conducted by said buyer with said seller, whether said buyer qualifies as a volume buyer;
if said buyer qualifies as said volume buyer based on said past transactions, offering an incentive redeemable by said buyer in said electronic commerce transaction. - View Dependent Claims (27, 28, 29, 31)
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30. The computer-implemented method of claim 30 wherein said incentive redeemable by said buyer in said electronic commerce transaction includes one of a free merchandise and a discount amount.
Specification