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Multi-party payment object oriented system and method

  • US 8,170,922 B2
  • Filed: 12/28/2010
  • Issued: 05/01/2012
  • Est. Priority Date: 04/09/2010
  • Status: Active Grant
First Claim
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1. A server for accommodating multiple party payments for a single item in an e-commerce transaction, said server comprising:

  • a processor with a communications device;

    vendor software module capable of execution on said processor, said vendor software module adapted to receive payment requirements from a vendor via said communications device, and to receive payment parameters from an initiator via said communications device, said payment parameters including an item payment amount and an identification of at least one contributor;

    contributor software module capable of execution on said processor, said contributor software module adapted to obtain payment information from at least two of the initiator and the at least one contributor wherein said payment information is sufficient to authorize the commitment of points to a transaction; and

    aggregation software module capable of execution on said processor, said aggregation software module adapted to send a participation message via said communications device to at least one contributor, said participation message including information on the item, the item payment amount, and directions for the contributor to interact with said contributor software module, said aggregation software module further maintaining a total of committed points and initiating a payment transaction when the committed points are sufficient to pay the vendor the item payment amount.

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