SYSTEMS AND METHODS FOR FACILITATING COMMERCIAL TRANSACTIONS UTILIZING A SYSTEM CURRENCY
First Claim
1. A system for facilitating commercial transactions comprising:
- a facilitator component adapted to;
monitor a consumer special account associated with the system for storing system currency for a consumer, and a vendor special account associated with the system for storing system currency for a vendor; and
facilitate transactions utilizing system currency, the transactions being one or more of;
a first transaction in which the consumer deposits cash in the consumer special account and receives a first amount of system currency into the consumer special account;
a second transaction in which the consumer purchases goods and/or services at reduced cash prices from the vendor, and at least a portion of the system currency in the consumer special account is transferred to the vendor special account; and
a third transaction in which at least a portion of the system currency in the vendor special account is withdrawn from the vendor special account and used to obtain goods and/or services from another party associated with the system.
0 Assignments
0 Petitions
Accused Products
Abstract
Disclosed herein are systems and methods for facilitating commercial transactions between a plurality of associated parties utilizing a form of currency referred to herein as “system currency” which provides economic utility to all associated parties. The associated parties conducting commercial transactions may include one or more consumers, one or more vendors and one or more banks. The systems and methods for facilitation of commercial transactions may be embodied in a transaction facilitation system, which may comprise a computer network, a human-operated network, or another form of organization or network capable of providing the required functionality. A system transaction facilitator may be present for operating the transaction facilitation system.
-
Citations
20 Claims
-
1. A system for facilitating commercial transactions comprising:
a facilitator component adapted to; monitor a consumer special account associated with the system for storing system currency for a consumer, and a vendor special account associated with the system for storing system currency for a vendor; and facilitate transactions utilizing system currency, the transactions being one or more of; a first transaction in which the consumer deposits cash in the consumer special account and receives a first amount of system currency into the consumer special account; a second transaction in which the consumer purchases goods and/or services at reduced cash prices from the vendor, and at least a portion of the system currency in the consumer special account is transferred to the vendor special account; and a third transaction in which at least a portion of the system currency in the vendor special account is withdrawn from the vendor special account and used to obtain goods and/or services from another party associated with the system. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
10. A method of facilitating commercial transactions comprising:
-
monitoring a consumer special account for storing system currency for a consumer, and a vendor special account for storing system currency for a vendor; facilitating a first transaction in which the consumer deposits cash into the consumer special account and receives a first amount of system currency into the consumer special account; facilitating a second transaction the consumer purchases goods and/or services at a reduced cash price from the vendor, and at least a portion of the system currency in the consumer special account is transferred to the vendor special account; and facilitating a third transaction between the vendor and the bank in which at least a portion of the system currency in the vendor special account is withdrawn from the vendor special account and used to obtain goods and/or services from another party associated with the system. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
-
-
19. A system for facilitating commercial transactions comprising:
a facilitator component adapted to facilitate; (a) deposit transactions in which a consumer deposits cash into a consumer special account associated with the system and receives a first amount of a system currency in the consumer special account; and (b) purchase transactions in which the consumer purchases goods and/or services from a vendor associated with the system at a reduced cash price, and at least a portion of the system currency in the consumer special account is transferred to a vendor special account associated with the system. - View Dependent Claims (20)
Specification