TRANSACTION INCENTIVE AND COMMISSION DISTRIBUTION SYSTEM
First Claim
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.
0 Assignments
0 Petitions
Accused Products
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.
-
Citations
20 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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
-
-
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. - View Dependent Claims (14, 15, 16, 17, 18)
-
-
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. - View Dependent Claims (20)
-
Specification