Systems and methods wherein a security deposit facilitates a transaction in which a benefit is applied in exchange for performance of a task

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7415425
SERIAL NO

09685079

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Systems and methods are provided wherein a security deposit is used to facilitate a transaction with a customer. It is arranged for a benefit to be applied to the transaction in exchange for a future performance of a task by the customer. For example, a subsidy provider may offer to apply a subsidy amount to the transaction in exchange for a future performance of the task by the customer. It is also arranged for the customer to provide a security deposit. Based on the performance of the task by the customer, it is arranged for the security deposit to be returned to the customer.

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Patent Owner(s)

  • PAYPAL, INC.;WALKER DIGITAL, INC.

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Allison, Scott B Stamford, CT 21 598
Delamater, Elizabeth Lane Scott AFB, IL 6 70
Gelman, Geoffrey M Stamford, CT 616 35410
Golden, Andrew P Stamford, CT 99 3598
Jorasch, James A Stamford, CT 1157 96470
Kobayashi, Michiko Stamford, CT 63 2092
Palmer, Timothy A Stamford, CT 78 1771
Tedesco, Daniel E Westport, CT 537 29428
Walker, Jay S Ridgefield, CT 1530 120391

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