Methods and systems for coordinating pooled financial transactions
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United States of America Patent
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May 29, 2007
Grant Date -
Oct 7, 2004
app pub date -
Mar 17, 2003
filing date -
Mar 17, 2003
priority date (Note) -
In Force
status (Latency Note)
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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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