Financial transaction system with integrated electronic messaging, control of marketing data, and user defined charges for receiving messages

• US 8,799,164 B2
• Filed: 12/27/2012
• Issued: 08/05/2014
• Est. Priority Date: 02/26/2004
• Status: Active Grant

• Current Assignee: David C. Reardon
• Original Assignee: David C. Reardon
• Inventors: Reardon, David C
• Primary Examiner(s): Ebersman, Bruce I
• Application Number:
  US13/728,248
• Publication Number:
  US 20140188725A1
• Time in Patent Office: 586 Days
• Field of Search: 705/44
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method of performing financial transactions between users of accounts comprising electronic messaging and crediting and debiting of at least one financial account. The invention also allows each user to define a schedule of receipt charges associated with the identities of other users to be charged as compensation for accepting delivery of their messages. With the user'"'"'s permission, a record of purchases made may be maintained in a marketing database, increasing the value of use'"'"'s market identity and the corresponding value of receipt charges they user may collect. Major benefits of the invention include, but are not limited to: (1) electronic financial transactions are completed in a more secure manner with appropriate tracking and verification, (2) message recipients receive income from the value of their market identities, and (3) commercial enterprises can more readily identify individuals interested in receiving their commercial offers.

Claims

1. A system for collecting marketing information, the system comprising:

a processor for communication over a network with a user computer; and

a memory in communication with the processor, the memory comprising a data structure, the data structure comprising data corresponding to a plurality of user accounts;

wherein each of the plurality of user accounts comprises a user account identifier and a financial account identifier corresponding to a financial account, each financial account comprising an account balance;

wherein the processor is configured to execute a program, the program being configured to perform the following steps;

(1) receive a proposed electronic transaction comprising a first user account identifier associated with a first user account, a selection criteria, a message, and a maximum payment;

(2) identify a second user account that meets the selection criteria;

wherein the first user account and the second user account are user accounts in the plurality of user accounts, and wherein the second user account comprises a market profile, a message store, and at least one receipt payment;

(3) determine whether the receipt payment exceeds the maximum payment;

(4) if the receipt payment exceeds the maximum payment;

reject the proposed electronic transaction;

(5) if the receipt payment does not exceed the maximum payment;

deliver the message to the message store associated with the second user account; and

(6) store, in the data structure, information related to the transaction in the market profile associated with the second user account.

2. The system of claim 1 wherein the program is further configured to:

(7) adjust the account balance associated with the first user account by a first amount;

(8) after receiving a request to access the delivered message in the message store associated with the second user account, adjust the account balance associated with the second user account by a second amount.

3. The system of claim 1 wherein the proposed electronic transaction further comprises an expiration time, and wherein the program is further configured to perform the following steps:

(7) compare the expiration time associated with the delivered message in the message store associated with the second user account to the current time; and

(8) if the expiration time is less than the current time, to reject the proposed electronic transaction.

4. The system of claim 2 wherein the first amount is positive and less than or equal to the second amount;

and

wherein the second amount is negative and the absolute value of the second amount is greater than or equal to the receipt payment.

5. The system of claim 2 wherein the first amount is negative and the absolute value of the first amount is less than or equal to the maximum payment;

and

wherein the second amount is positive and less than or equal to the receipt payment.

6. The system of claim 1 wherein the first user account comprises a commercial category identifier or the proposed electronic transaction comprises a first commercial category identifier;

wherein the second user account further comprises a schedule of receipt payments, the schedule comprising a plurality of commercial category identifiers, each commercial category identifier having a corresponding applicable receipt payment;

wherein the first commercial category identifier is in the plurality of commercial category identifiers in the schedule; and

wherein the program is further configured to (7) determine a first applicable receipt payment based on the schedule of receipt payments and the first commercial category identifier, and (8) use the first applicable receipt payment when determining whether the predetermined condition is met.

7. The system of claim 1 wherein the maximum payment depends on the data associated with the second user account.

8. The system of claim 6 wherein the second user account comprises data corresponding to the number of messages associated with the first commercial category previously received;

and

wherein the program is configured to determine the first applicable receipt payment based on the data corresponding to the number of messages associated with the first commercial category previously received.

9. The system of claim 2 wherein the processor is further configured to perform the following steps:

receive a second proposed electronic transaction comprising an identifier corresponding to the second user account, a selection criteria identifying the first user account, and a second message;

deliver the second message to the message store associated with the first user account;

receive a request to access the second message in the message store associated with the first user account,

adjust the account balance associated with the second user account by a third amount; and

adjust the account balance associated with the first user account by a fourth amount.

10. The system of claim 2 wherein the processor is further configured to perform the following steps:

receive a second proposed electronic transaction comprising an identifier corresponding to the second user account, a second selection criteria, and a second message;

identify a third user account that meets the second selection criteria, wherein the third user account is in the plurality of user accounts and the third user account comprises a message store;

deliver the second message to the message store associated with the third user account;

receive a request to access the delivered second message in the message store associated with the third user account;

adjust the account balance associated with the second user account by a third amount; and

adjust the account balance associated with the third user account by a fourth amount.

11. The system of claim 1, wherein the information related to the transaction that is stored in the data structure in the market profile associated with the second user account comprises information selected from the group consisting of purchase history, transaction history, survey responses, sent messages, and received messages.

12. The system of claim 1 wherein the proposed electronic transaction comprises a hyperlink, wherein the program is configured to receive an indication that the hyperlink has been activated by a user computer associated with the second user account, and wherein the predetermined condition is met only if the program has received the indication that the hyperlink has been activated.

13. The system of claim 2 wherein the proposed electronic transaction comprises a hyperlink, wherein the program is configured to receive an indication that the hyperlink has been activated by a user computer associated with the second user account, and wherein the predetermined condition is met only if the program has received the indication that the hyperlink has been activated.

14. The system of claim 1 wherein the proposed electronic transaction further comprises an identification of a unconditional payment amount;

wherein the program is further configured to;

(7) adjust the account balance associated with the first user account by a first amount, wherein the first amount is based on the unconditional payment amount and the receipt payment;

(8) after receiving a request to access the delivered message in the message store associated with the second user account, adjusting the account balance associated with the second user account by a second amount, wherein the second amount is based on the unconditional payment amount and the receipt payment.

15. The system of claim 1 wherein the selection criteria comprises the second user'"'"'s account identifier, an age range, and a requirement for a history of the second user having completed a transaction associated with a specified commercial category as recorded in the market profile associated with the second user account.

16. A method of collecting marketing information, the method comprising:

providing a processor for communication over a network with a user computer;

providing a memory in communication with the processor, the memory comprising a data structure, the data structure comprising data corresponding to a plurality of user accounts;

wherein each of the plurality of user accounts comprises a user account identifier and a financial account identifier corresponding to a financial account, each financial account comprising an account balance;

receiving, in the processor, a proposed electronic transaction comprising a first user account identifier associated with a first user account, a selection criteria, a message and a maximum payment;

identifying, in the processor, a second user account that meets the selection criteria;

wherein the first user account and the second user account are user accounts in the plurality of user accounts, and wherein the second user account comprises a market profile, at least one receipt payment, and a message store;

determining, in the processor, whether the receipt payment exceeds the maximum payment;

if the receipt payment exceeds the maximum payment rejecting the proposed transaction;

if the receipt payment does not exceed the maximum payment;

(1) delivering the message to the message store associated with the second user account, (2) adjusting the account balance associated with the first user account by a first amount, and (3) after receiving, in the processor, a request to access the delivered message in the message store associated with the second user account, adjusting the account balance associated with the second user account by a second amount; and

storing, in the data structure, information related to the transaction in the market profile associated with the second user account.

17. The method of claim 16:

wherein the proposed transaction further comprises a maximum payment;

wherein the second user account further comprises a receipt payment; and

wherein the predetermined condition is met if and only if the receipt payment does not exceed the maximum payment.

18. The method of claim 17 wherein the first amount is negative and the absolute value of the first amount is greater than or equal to the receipt payment;

and

wherein the second amount is positive and less than or equal to the maximum payment.

19. The method of claim 17 wherein the maximum payment depends on the data associated with the second user account.

20. The method of claim 17 wherein the first user account comprises a commercial category identifier or the proposed electronic transaction comprises a first commercial category identifier;

wherein the second user account further comprises a schedule of receipt payments, the schedule comprising a plurality of commercial category identifiers, each commercial category identifier having a corresponding applicable receipt payment;

wherein the first commercial category identifier is in the plurality of commercial category identifiers in the schedule; and

wherein the processor is further configured to (4) determine a first applicable receipt payment based on the schedule of receipt payments and the first commercial category identifier, and (5) use the first applicable receipt payment when determining whether the predetermined condition is met.

21. The method of claim 16 further comprising:

receiving, in the processor, a second proposed electronic transaction comprising the second user account, a second selection criteria, and a second message;

identifying, in the processor, a third user account that meets the second selection criteria, wherein the third user account is in the plurality of user accounts and the third user account comprises a message store;

delivering the second message to the message store associated with the third user account;

receiving, in the processor, a request to access the delivered second message in the message store associated with the third user account;

adjusting the account balance associated with the second user account by a third amount; and

adjusting the account balance associated with the third user account by a fourth amount.

22. The method of claim 16 wherein the selection criteria comprises at least one selected from the group consisting of name, account identifier, zip code, and market profile data.