METHODS AND SYSTEMS FOR COORDINATING POOLED FINANCIAL TRANSACTIONS
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United States of America Patent
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app pub date -
Apr 15, 2014
filing date -
Mar 17, 2003
priority date (Note) -
Abandoned
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Abstract
Methods and systems are provided for processing a financial transaction. A set of conditions is received that define circumstances for execution of the financial transaction. Funds are collected for each of a plurality of partial payments prior to satisfaction of the set of conditions, with at least two of the partial payments being collected from different persons. The collected funds are accumulated for support of the financial transaction until satisfaction or failure of the set of conditions.
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