Method for commercializing goods and services over a global digital network

• US 6,393,436 B1
• Filed: 01/05/2001
• Issued: 05/21/2002
• Est. Priority Date: 01/05/2001
• Status: Expired due to Fees

• Current Assignee: JV Export Trading Company Incorporated
• Original Assignee: JV Export Trading Company Incorporated
• Inventors: Vaimberg-Araujo, John David
• Primary Examiner(s): Shah, Sanjiv
• Application Number:
  US09/755,796
• Time in Patent Office: 501 Days
• Field of Search: 707/200, 707/10, 707/104, 705/35, 705/37, 705/38, 705/39, 705/40, 705/1, 705/23, 705/26, 705/28, 705/10
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method for commercializing goods and services over a global digital network where the order requests from a group of purchaser subscribers is processed and matched with one or more vendor subscribers. Additionally, a purchaser subscriber credit needs are also processed and offered to a group of credit issuers who, according to their respective credit criteria, select those transactions in which they are interested. Additionally, a user is prompted for collateral, if necessary, to improve his/her qualifications. Similarly, a group of insurance carriers are exposed to the insurance needs of the credit users for the transactions being processed. As the transactions take place, the purchasers subscribers credit history is supplemented.

Claims

1. A method for commercializing goods and services over a global digital network, comprising the steps of:

A) setting up and maintaining a first computerized database having a plurality of purchaser subscribers;

B) setting up and maintaining a second computerized database having a plurality of vendor subscribers having their respective digital catalog databases including at least one product or service;

C) setting up and maintaining a third computerized database having a plurality of credit issuers;

D) setting up and maintaining a fourth computerized database having a plurality of insurance carriers;

E) setting up and maintaining a portal with software to selectively link said first, second, third and fourth computerized databases;

F) assigning a unique order request number for each transaction initiated by any one of said purchaser subscribers to purchase one of said product or services;

G) matching each of said products or services with at least one of said credit issuers;

H) matching each of said products or services with at least one of said insurance carriers;

I) displaying all possible options for said transaction to the purchaser subscriber;

J) prompting the purchaser subscriber to select one of the options to close the transaction; and

K) performing against the order by communicating said order to the vendor subscriber to deliver the goods and/or services.

2. The method set forth in claim 1 further including the step of:

L) prompting a user to provide collateral assets for the transaction.

3. The process set forth in claim 2 further comprising the step of:

M) updating said first computerized database with credit information relating to transactions where particular purchaser subscribers participated.