TRANSACTION INCENTIVE AND COMMISSION DISTRIBUTION SYSTEM

• US 20130332265A1
• Filed: 06/06/2013
• Published: 12/12/2013
• Est. Priority Date: 06/08/2012
• Status: Abandoned Application

• Current Assignee: Give To Benefit Incorporated
• Original Assignee: Give To Benefit Incorporated
• Inventors: Sossaman, Daniel Maguire II, Richman, David Ellis, Case, Edward Ralph II, Zeida, Kerry Gerard
• Application Number:
  US13/911,546
• Publication Number:
  US 20130332265A1
• Time in Patent Office: Days
• US Class Current: 705/14.45
• CPC Class Codes: G06Q 30/0242 Determining effectiveness of advertisements

Abstract

An electronic transaction incentive and commission distribution system, and the method based on the system, for receiving point-of-sale transaction data used in managing purchase transaction data and the electronic distribution of purchase commissions from a supplier to a marketing firm for the sale of the supplier'"'"'s products to a recipient. The system also includes donors providing donations for the purchase of the supplier'"'"'s products by the recipient.

Claims

1. A transaction incentive and commission distribution system adapted to distribute commissions from one supplier to a marketing firm for sales of products of the supplier wherein said transactions also involve at least one donor and one recipient of the products, said system comprising the steps of:

designating through the marketing firm of the one supplier and one recipient of at least one product of the supplier;

organizing an electronic database to contain records identifying the at least one product and the commission from the supplier to the marketing firm for the sale of the product by the supplier;

attracting at least one donor to contribute funds to be used to purchase the supplier'"'"'s products through an online marketing campaign by the marketing firm and/or the recipient;

recording the donations and transaction data for purchase of the supplier'"'"'s products;

electronically transmitting the transaction data;

determining a commission for the marketing firm on the basis of product purchase data recorded; and

effecting a monetary payment in the amount of the commission value to the marketing firm.

2. The system as claimed in claim 1 wherein the transaction data is electronically submitted from a purchase processing terminal to a commission management processor connected to the electronic database.

3. The system as claimed in claim 2 wherein the commission management processor determines a commission to be paid to the marketing firm and after that determination is made, the amount of the commission is transmitted to a payment processor subsystem.

4. The system as claimed in claim 3 wherein the payment processor subsystem comprises an automated printer/mailer for printing a commission check to be mailed to the marketing firm.

5. The system as claimed in claim 3 wherein the payment processor subsystem effects an electronic fund transfer of the commission amount from a supplier account to a marketing firm account and generates a statement for mailing to the marketing firm.

6. The system as claimed in claim 2 wherein the purchase processing terminal is situated at a retail location.

7. The system as claimed in claim 6 wherein the retail location is an Internet web server capable of processing e-commerce transactions.

8. The system as claimed in claim 7 wherein the purchase processing terminal is a remote computer by which a user connects to a retail site, selects merchandise, and enters appropriate purchase information.

9. The system as claimed in claim 1 wherein the records contained in the electronic database include the price of the product.

10. The system as claimed in claim 1 wherein the at least one donor comprises donors.

11. The system as claimed in claim 1 wherein the recipient is a non-profit entity.

12. The system as claimed in claim 1 wherein the step of recording the donations and transaction data for purchase of the supplier'"'"'s products is carried out by operating a purchase processing terminal.

13. A transaction incentive and commission distribution system adapted to distribute commissions from one supplier to a marketing firm for sales of products of the supplier wherein said transactions also involve at least one donor and one recipient of the products, said system comprising the steps of:

designating through the marketing firm of the one supplier and one recipient of at least one product of the supplier;

organizing an electronic database to contain records identifying the at least one product, the price of the product and the commission from the supplier to the marketing firm for the sale of the product by the supplier;

attracting at least one donor to contribute funds to be used to purchase the supplier'"'"'s products through an online marketing campaign by the marketing firm and/or the recipient;

operating a purchase-processing terminal to record the donations and transaction data for purchase of the supplier'"'"'s products;

electronically transmitting the transaction data from the purchase-processing terminal to a commission management processor connected to the electronic database;

determining a commission for the marketing firm on the basis of product purchase data recorded in the processing terminal; and

effecting a monetary payment in the amount of the commission value to the marketing firm.

14. The system as claimed in claim 13 wherein the commission management processor determines a commission to be paid to the marketing firm and after that determination is made, the amount of the commission is transmitted to a payment processor subsystem.

15. The system as claimed in claim 14 wherein the payment processor subsystem comprises an automated printer/mailer for printing a commission check to be mailed to the marketing firm.

16. The system as claimed in claim 14 wherein the payment processor subsystem effects an electronic fund transfer of the commission amount from a supplier account to a marketing firm account and generates a statement for mailing to the marketing firm.

17. The system as claimed in claim 14 wherein the purchase processing terminal is situated at a retail location.

18. The system as claimed in claim 14 wherein the purchase processing terminal is a remote computer by which a user connects to a retail site, selects merchandise, and enters appropriate purchase information.

19. A transaction incentive and commission distribution system adapted to distribute commissions from one supplier to a marketing firm for sales of products of the supplier comprising goods, services and credits for goods and services, wherein said transactions also involve at least one donor and one recipient of the products, said system comprising the steps of:

designating through the marketing firm of the one supplier and one recipient of at least one product of the supplier;

organizing an electronic database to contain records identifying the at least one product, the price of the product and the commission from the supplier to the marketing firm for the sale of the product by the supplier;

attracting donors to contribute funds used to purchase the supplier'"'"'s products through an online marketing campaign by the marketing firm and/or the recipient;

operating a purchase-processing terminal to record the donations and transaction data for purchase of the supplier'"'"'s products;

electronically transmitting the transaction data from the purchase-processing terminal to a commission management processor connected to the electronic database;

determining a commission for the marketing firm on the basis of product purchase data recorded in the processing terminal;

effecting a monetary payment in the amount of the commission value to the marketing firm.

20. The system as claimed in claim 19 wherein the credits for goods and services comprise store credits, gift certificates and gift cards.