System and method of facilitating transactions
OwnerLisa Lloydinventor
Life of this patent
Estimating the term…
Abstract
The invention teaches methods for facilitating financial transactions for online retailers/wholesalers/merchants by pre-associating a good offered for sale with one or more available vendors for that item, and by automatically notifying the vendor of the sale and automatically sending the vendor its cut of the sales price. It is emphasized that this abstract is provided to comply with the rules requiring an abstract that will allow a searcher or other reader to quickly ascertain the subject matter of the technical disclosure. It is submitted with the understanding that it will not be used to interpret or limit the scope or meaning of the claims.
Claims19
A method implemented as software modules, comprising:
- associating a first item to be offered for sale with a source for the first item, the first item having a sale price;
- further associating the first item to be offered for sale with a source price;
- receiving an indication of a purchase of the first item;
- and
- receiving a payment for the first item, the payment having deducted therefrom the source price.
A method implemented as software modules, comprising:
- receiving an association of a first item to be offered for sale with a source for the first item, the first item having a first sale price;
- receiving an association a second item to be offered for sale with a source for the second item, the second item having a second sale price;
- receiving an association of the first item to be offered for sale with a first source price;
- receiving an association of the second item to be offered for sale with a second source price;
- receiving an indication of a purchase of the first item at a first purchase price, and receiving an indication of a purchase of the second item at a second purchase price;
- receiving an indication of a payment for the first item and the second item;
- automatically generating a notice of purchase to a supplier of the first item, and automatically generating a notice of purchase to a supplier of the second item;
- directing a payment to an etailer, the payment having deducted therefrom the first source price and the second source price;
- directing a payment to the supplier of the first item;
- and
- directing a payment to the supplier of the second item.
A memory for storing data for access by an application program being executed on a data processing system, comprising:
- associating a first item to be offered for sale with a source for the first item, the first item having a sale price;
- further associating the first item to be offered for sale with a source price;
- receiving an indication of a purchase of the first item;
- and
- receiving a payment for the first item, the payment having deducted therefrom the source price.
Dependencies are inferred from the claim text.