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WO2009040813A2 - A credit card based system for facilitating barter commerce among memebers of an economic community - Google Patents

A credit card based system for facilitating barter commerce among memebers of an economic community Download PDF

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Publication number
WO2009040813A2
WO2009040813A2 PCT/IL2008/001288 IL2008001288W WO2009040813A2 WO 2009040813 A2 WO2009040813 A2 WO 2009040813A2 IL 2008001288 W IL2008001288 W IL 2008001288W WO 2009040813 A2 WO2009040813 A2 WO 2009040813A2
Authority
WO
WIPO (PCT)
Prior art keywords
members
vbc
credit
database
wares
Prior art date
Application number
PCT/IL2008/001288
Other languages
French (fr)
Other versions
WO2009040813A3 (en
Inventor
Ronen Eden
Original Assignee
I.B.C.E Ltd.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by I.B.C.E Ltd. filed Critical I.B.C.E Ltd.
Publication of WO2009040813A2 publication Critical patent/WO2009040813A2/en
Publication of WO2009040813A3 publication Critical patent/WO2009040813A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/22—Payment schemes or models
    • G06Q20/26—Debit schemes, e.g. "pay now"
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/08—Auctions

Definitions

  • the present invention generally pertains to facilitating a virtual electronic barter based commerce, and more specifically providing a credit based market system that encourages efficient commercial interaction among members of an economic community.
  • VBC virtual business community
  • the number of employees in said registered businesses is selected from a group consisting of less than 200, more than 200, or a combination thereof.
  • said member identification means is selected from a group consisting of: (1) magnetic swipe credit card, (2) smartcard credit card, or a combination thereof.
  • periodically is selected for a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days.
  • said members are allocated credit for a predetermined period selected from a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days.
  • credit is dynamic credit.
  • VBC virtual business community
  • computerized means for processing said transactions comprising: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to
  • Formula 1 at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity lev el, risk level, and service level; at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters;
  • VBC virtual business community
  • VBC virtual business community
  • VBC virtual business community
  • VBC virtual business community
  • VBC virtual business community
  • the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community additionally comprising at least one communication means for members to directly and privately communicate supply or demand requirements to said mediator. It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one matching means for said mediator to match supply and demand requests communicated to him privately or publicly. It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising means to increase market traffic by offering incentives and penalties to sellers and buyers;
  • VBC virtual business community
  • the above mentioned method for generating guaranteed payment in business to business transactions additionally comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members; ft is within the scope of the present invention that the above mentioned computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization
  • the above mentioned method for generating guaranteed payment in business to business transactions additionally comprising a step of communicating supply and demand of said wares to said members;
  • method for generating guaranteed payment in business to business transactions additionally comprising a step of mediating supply and demand of said wares according to advertised and private communications to said mediator;
  • the above mentioned method for generating guaranteed payment in business to business transactions additionally comprising a step of notifying members towards the end of a trade period that they are in trade deficit;
  • the above mentioned method for generating guaranteed payment in business to business transactions additionally comprising a step of advertising wares of non-members, and enticing non-members to join by communicating demand for their wares.
  • the above mentioned method for generating guaranteed payment in business to business transactions additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee of on average 5% is charged on barter. It is within the scope of the present invention that the above " mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
  • the above mentioned method for generating guaranteed payment in business to business transactions wherein said fees are -adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof. It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of authenticating transactions by means of a smartcard.
  • It is yet another object of the present invention to disclose a method for reducing excess inventory comprising the steps of obtaining a system for generating guaranteed payment in business to business transactions between members registered with a virtual business community (VBC), comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; plurality of wares offered by said members; and, computerized means for processing said transactions; registering a plurality of members to said VBC member database; ascertaining the initial credit given to VBC members according to consumer credit-card based purchases from said members, retrieved from said consumer purchases database; calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; initiating said member's general authorization to trade; storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; verifying member ' credit on-demand and authorizing or holding transaction; communicating supply and demand of said wares to said members; charging VBC members in accordance with transaction fees during trading period; and, billing VBC members for outstanding cash trade balance at the
  • said computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
  • the above mentioned method for reducing excess inventory additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1 .5% is charged on cash and a trade fee of on average 5% is charged on barter.
  • the above mentioned method for reducing excess inventory additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
  • said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
  • It is yet another object of the present invention to disclose a method for extending credit to members of a VBC comprising the steps of obtaining a system for generating guaranteed payment in transactions between members registered with a virtual business community (VBC), comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; plurality of wares offered by said members; and, computerized means " for processing said transactions; registering a plurality of members to said VBC member database; ascertaining the initial credit given to VBC members according to consumer credit-card based purchases from said members, retrieved from said consumer purchases database; calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; initiating said member's general authorization to trade; storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; verifying member credit on-demand and authorizing or holding transaction; communicating supply and demand of said wares to said members; charging VBC members in accordance with transaction fees during trading period; and, billing VBC members for outstanding cash trade balance
  • said computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
  • the above mentioned method for extending credit to members of a VBC additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee o ⁇ on average 5% is charged on barter. It is within the scope of the present invention that the above mentioned method for extending credit to members ofa VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
  • said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
  • the above mentioned method purchasing power of members of a VBC, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members;
  • said computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's lev el of transaction authorization, in accordance with said certificate that denotes said business parameters.
  • the above mentioned method purchasing power of members of a VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee of on average 5% is charged on barter.
  • the above mentioned method purchasing power of members of a VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
  • said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
  • Fig. 1 illustrating an example of the transaction accounts, at the end of a trading period, of a plurality of VBC members, employing a penalty system of mediation fees
  • FIG. 2 illustrating the transactions conducted by the Office Equipment member of VBC
  • FIG. 3 illustrating the transactions conducted by the Print member of VBC
  • FIG. 4 illustrating the transactions conducted by the Computing member of VBC
  • Fig. 5 illustrating the transactions conducted by the Courier member of VBC
  • Fig. 7 illustrating the transactions conducted by the Car Rental member of VBC
  • Fig. 8 schematically illustrates a flow chart of a particular embodiment of a VBC transaction authorization procedure, including registration, dynamic credit allocation, trading privilege accreditation, and transaction authorization.
  • VBC refers hereinafter to a virtual business community assisted by electronic computerized communications means.
  • 'wares' refers hereinafter to products and services offered by a merchant.
  • the terms 'up-sell' and 'cross-sell' refers hereinafter to marketing and sales practices wherein the merchant offers the purchaser of a particular item other wares that complement said particular item.
  • 'trade period' refers hereinafter to a period of time selected from a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days, during which credit is extended to VBC members.
  • the term 'dynamic credit' refers hereinafter to credit offered to members of a VBC, which as opposed to static credit, is updated in accordance with transactions conducted within said VBC. For example a member is allocated an initial credit of 1000USD. The same member conducts a sale transaction of I OOOUSD within the period of trade, therefore the dynamic credit of the member is updated to 2000USD.
  • the terms 'sales' and 'transactions' refer hereinafter to commercial exchanges conducted by means of network (e.g. internet, cellular), face-to-face physical transactions, or a combination thereof.
  • Cxn is the current dynamic credit offered to Business x
  • C ⁇ n-i is the initial credit offered to Business x upon registration
  • TB is the current trade balance of Business x, namely buys from other members subtracted from sales to other members utilizing system credit
  • Fig. 1 illustrating an example of the transaction accounts, at ' the end of a trading period, of a plurality of VBC members, employing a penalty system of mediation fees, wherein: (1) members who have conducted only sales or have broken even in terms of sales versus purchases by the end of said trading period are charged a cash transaction fee of on average 1.5% on their sales; (2) members whose sales outweigh their purchases by the end of said trading period are charged on average 1.5% on the sum of their sales subtracted from the sum of their purchases and an additional on average 5% on the sum of their sales; (3) members whose purchases outweigh their sales by the end of said trading period, are charged on average 7.5% on the sum their sales; and (4) members who conducted only purchases by the end of said trading period are exempt of fees.
  • Fig. 2 illustrating the transactions conducted by the above mentioned Office Equipment member of VBC.
  • Fig. 3 illustrating the .transactions conducted by the above mentioned Print member of VBC.
  • Fig. 4 illustrating the transactions conducted by the above mentioned Computing member of VBC.
  • Fig. 5 illustrating the transactions conducted by the above mentioned Courier member of VBC.
  • Fig. 6 illustrating the transactions conducted by the above mentioned Adverts member of VBC.
  • Fig. 8 illustrating a flow chart of a particular embodiment VBC trade authorization processing system 10, wherein in step 12 a trade level certificate is allocated to registered member n in accordance to acquired business data (not shown); in step 14 said system queries the balance of consumer credit-card based purchases from member n and accordingly calculates the initial allocated credit 16; in step 18 the system calculates the dynamic credit according to Formula 18a; in step 20 the system queries the level of trade certificate of member n and accordingly either authorizes the transaction and updates the trade balance (TB) of member n according to Formula 26, or queries whether the value of dynamic credit (Cn) according to Formula 18a is greater than 0, and accordingly said system either holds the transaction and contacts the mediator, or it authorizes the transaction and updates the (TB). of member n according to Formula 26.
  • TB trade balance
  • Cn dynamic credit

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Abstract

A system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), said transactions having a cash element and a barter element, said system comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; and, plurality of wares offered by said members; wherein said cash element of said transactions is periodically charged, and is calculated after deduction of ware barter transactions conducted between said members.

Description

A CREDIT CARD BASED SYSTEM FOR FACILITATING BARTER COMMERCE AMONG MEMEBERS OF AN ECONOMIC COMMUNITY
FIELD OF THE INVENTION
The present invention generally pertains to facilitating a virtual electronic barter based commerce, and more specifically providing a credit based market system that encourages efficient commercial interaction among members of an economic community.
BACKGROUND OF THE INVENTION
Bartering of goods and services is an ancient practice that survives to this day, as a limited practice, in commercial exchange between businesses of relatively equal size and commercial activity. Businesses recognize the advantage of a cashless exchange of goods and services, however, they lack a secure method and system to do so on a grand scale. Electronic bartering between businesses is therefore restricted to publicly traded securities as disclosed in US 7080050 and US 5873071.
By taking advantage of developments in secure computerized telecommunications systems, as disclosed in US 5794207 and US 7007076, a platform for electronic trading of goods and services has been created, thereby allowing a plurality of individuals and businesses to interact in an electronic market community by electronically advertising supply and demand. Moreover, an electronic payment system, such as disclosed in US 7089208, complements said trading by facilitating conventional credit card, debit card or cash payment. Fueled by electronic commerce, the use of credit cards as a mode of guaranteed delayed payment up to a predetermined credit rate, in both face-to-face and electronic online purchase, is on the increase. By contrast, businesses continually shy away from credit- company mediated purchasing at predetermined credit rates, commonly preferring direct bank transfer or company cheques. Consequently, the allocation of inter-business credit is for the most part restricted to trusted long-standing business relationships. In such transactions credit takes the form of forward dated cheques, which carry a great deal of risk since they are not backed by sufficient economic guarantees. Moreover, .even bank transfers and cash company cheques, require several days to clear at the bank, delaying the flow of services and goods through the market. Furthermore, conventional business to business payment means do not provide a platform for transactions with new customers, nor do they promote the reduction of inventory It is therefore a well felt need to provide a system and method that overcomes the obstacles to grand scale barter interaction between businesses, by introducing credit incentives for a plurality of businesses to enter into an electronic community and conduct secure exchange of goods on the basis of dynamic credit ratings that are updated according to actual purchase to sale ratios within said community. It is a further long felt need to provide a system and method for avoiding the hassle and cost involved in dealing with bounced cheques, and more particulary reduce default payments to nil.
SUMMARY OF THE INVENTION
It is an object of the present invention to disclose a system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), said transactions having a cash element and a barter element, said system comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; and, plurality of wares offered by said members; wherein the cash element of said transactions is periodically charged, and is calculated after deduction of wares barter transactions conducted between said members.
It is with the scope of the present invention that the the number of employees in said registered businesses is selected from a group consisting of less than 200, more than 200, or a combination thereof.
It is with the scope of the present invention that said member identification means is selected from a group consisting of: (1) magnetic swipe credit card, (2) smartcard credit card, or a combination thereof.
It is with the scope of the present invention that periodically is selected for a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days.
It is with the scope of the present invention that said members are allocated credit for a predetermined period selected from a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days.
It is with the scope of the present invention that credit is dynamic credit.
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising computerized means for processing said transactions, said computerized means comprising: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to
Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity lev el, risk level, and service level; at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters;
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), such that the system is characterized by (i) a physical credit card (ii) an advertising platform for goods and services (wares); (iii) a dynamic credit rating; and (iv) an incentive system for increased market interaction.
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one database of businesses that are not members of said electronic community;
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one advertising means, especially a website, for advertising said wares to said VBC.
It is with the scope of the present invention that the above mentioned system Tor generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one VBC mediator.
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one communication means enabling said mediator to up-sell and cross-sell.
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one communication means for members to directly and privately communicate supply or demand requirements to said mediator. It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising at least one matching means for said mediator to match supply and demand requests communicated to him privately or publicly. It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), additionally comprising means to increase market traffic by offering incentives and penalties to sellers and buyers;
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), wherein the mediator is a broker, and collects a brokering fee. It is with the scope of the present invention that the above mentioned system for generating guaranteed payment' in transactions conducted among members of a virtual business community (VBC), wherein said mediator is authorized as a trader.
It is with the scope of the present invention that the above mentioned system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), wherein said wares are selected from a group consisting of member services, member products, VBC credit, member to member loans, VBC financed loans, or a combination thereof.
It is yet another object of the present invention to disclose a method for generating guaranteed payment in business to business transactions between members registered with a virtual business community (VBC), said method comprising the steps of obtaining a system for generating guaranteed business to business transactions between members registered with a virtual business community (VBC), comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; plurality of wares offered by said members; and, computerized means for processing said transactions registering a plurality of members to said VBC member database; ascertaining the initial credit given to VBC members according to consumer credit-card based purchases from said members, retrieved from said consumer purchases database; calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; initiating said member's general authorization to trade; storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; verifying member credit on-demand and authorizing or holding transaction; charging VBC members in accordance with transaction fees during trading period ; and, billing VBC members for outstanding cash trade balance at the end of trading period; wherein said VBC members obtain and extended line of dynamic credit, and said transactions are financially guaranteed.
It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions additionally comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members; ft is within the scope of the present invention that the above mentioned computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of communicating supply and demand of said wares to said members; method for generating guaranteed payment in business to business transactions, additionally comprising a step of mediating supply and demand of said wares according to advertised and private communications to said mediator;
It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of notifying members towards the end of a trade period that they are in trade deficit;
It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of advertising wares of non-members, and enticing non-members to join by communicating demand for their wares.
It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of intervening in trade by the mediator as an independent trader.
It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee of on average 5% is charged on barter. It is within the scope of the present invention that the above "mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter. It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, wherein said fees are -adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof. It is within the scope of the present invention that the above mentioned method for generating guaranteed payment in business to business transactions, additionally comprising a step of authenticating transactions by means of a smartcard.
It is yet another object of the present invention to disclose a method for reducing excess inventory comprising the steps of obtaining a system for generating guaranteed payment in business to business transactions between members registered with a virtual business community (VBC), comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; plurality of wares offered by said members; and, computerized means for processing said transactions; registering a plurality of members to said VBC member database; ascertaining the initial credit given to VBC members according to consumer credit-card based purchases from said members, retrieved from said consumer purchases database; calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; initiating said member's general authorization to trade; storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; verifying member' credit on-demand and authorizing or holding transaction; communicating supply and demand of said wares to said members; charging VBC members in accordance with transaction fees during trading period; and, billing VBC members for outstanding cash trade balance at the end of trading period; wherein said step of communicating supply and demand of wares to said members prompt transactions between members of said VBC that would not have interacted out with said VBC. It is within the scope of the present invention that the above mentioned method for reducing excess inventory, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members.
It is within the scope of the present invention that in the above mentioned method for reducing excess inventory, said computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
It is within the scope of the present invention that the above mentioned method for reducing excess inventory, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1 .5% is charged on cash and a trade fee of on average 5% is charged on barter.
It is within the scope of the present invention that the above mentioned method for reducing excess inventory, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
It is within the scope of the present invention that in the above mentioned method for reducing excess inventory, said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
It is yet another object of the present invention to disclose a method for extending credit to members of a VBC comprising the steps of obtaining a system for generating guaranteed payment in transactions between members registered with a virtual business community (VBC), comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; plurality of wares offered by said members; and, computerized means" for processing said transactions; registering a plurality of members to said VBC member database; ascertaining the initial credit given to VBC members according to consumer credit-card based purchases from said members, retrieved from said consumer purchases database; calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; initiating said member's general authorization to trade; storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; verifying member credit on-demand and authorizing or holding transaction; communicating supply and demand of said wares to said members; charging VBC members in accordance with transaction fees during trading period; and, billing VBC members for outstanding cash trade balance at the end of trading period; wherein said step of communicating supply and demand of wares to said members prompt transactions between members of said VBC that would not have interacted outwith said VBC. It is within the scope of the present invention that the above mentioned method for extending credit to members of a VBC, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members;
It is within the scope of the present invention that in the above mentioned method for extending credit to members of a VBC, said computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
It is within the scope of the present invention that the above mentioned method for extending credit to members of a VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee o{ on average 5% is charged on barter. It is within the scope of the present invention that the above mentioned method for extending credit to members ofa VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
It is within the scope of the present invention that in the above mentioned method for extending credit to members of a VBC, said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
It is yet another object of the present invention to disclose a method for increasing purchasing power of members of a VBC by about 50% comprising the steps of obtaining a system for generating guaranteed payment in transactions between members registered with a virtual business community (VBC), comprising: member identification means; body of registered businesses numbering at least 10000 members; financing means; plurality of wares offered by said members; and, computerized means for processing said transactions; registering a plurality of members to said VBC member database; ascertaining the initial credit given to VBC members according to consumer credit-card based purchases from said members, retrieved from said consumer purchases database; calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; initiating said member's general authorization to trade; storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; verifying member credit on-demand and authorizing or holding transaction; communicating supply and demand of said wares to said members; charging VBC members in accordance with transaction fees during trading period; and, billing VBC members for outstanding cash trade balance at the end of trading period; wherein said step of communicating supply and demand of wares to said members prompt transactions between members of said VBC that would not have interacted out with said VBC.
It is within the scope of the present invention that the above mentioned method purchasing power of members of a VBC, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members;
It is within the scope of the present invention that in the above mentioned method purchasing power of members of a VBC, said computerized means comprises: at least one remote secure computer server; at least one computerized processing system; at least one online updatable membership database; at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; at least one means for ascertaining the initial credit given to each registered member; at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, at least one certificate per member contained within said membership database, having means to denote said member's lev el of transaction authorization, in accordance with said certificate that denotes said business parameters.
It is within the scope of the present invention that the above mentioned method purchasing power of members of a VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee of on average 5% is charged on barter.
It is within the scope of the present invention that the above mentioned method purchasing power of members of a VBC, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
It is within the scope of the present invention that in the above mentioned method purchasing power of members of a VBC, said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
BRIEF DESCRIPTION OF THE FIGURES
In order to better understand the invention and its implementation in practice, a plurality of embodiments will now be described, by way of non-limiting example only, with reference to the accompanying drawings, in which
Fig. 1 illustrating an example of the transaction accounts, at the end of a trading period, of a plurality of VBC members, employing a penalty system of mediation fees,
Fig. 2 illustrating the transactions conducted by the Office Equipment member of VBC
Fig. 3 illustrating the transactions conducted by the Print member of VBC
Fig. 4 illustrating the transactions conducted by the Computing member of VBC
Fig. 5 illustrating the transactions conducted by the Courier member of VBC
Fig. 6 illustrating the transactions conducted by the Adverts member of VBC
Fig. 7 illustrating the transactions conducted by the Car Rental member of VBC
Fig. 8 schematically illustrates a flow chart of a particular embodiment of a VBC transaction authorization procedure, including registration, dynamic credit allocation, trading privilege accreditation, and transaction authorization.
DETAILED DESCRIPTION OF THE PREFERRED EMBODIEMNTS
The following description is provided, alongside all chapters of the present invention, so as to enable any person skilled in the art to make use of said invention and sets forth the best modes contemplated by the inventor of carrying out this invention. Various modifications, however, will remain apparent to those skilled in the art, since the generic principles of the present invention have been defined specifically to provide a credit based economic community useful for facilitating barter commerce among the members of said community. The system and method of the present invention have many technological advantages, among them:
Introducing secure inter-business credit-company based transactions;
Enhancing and increasing interaction between businesses;
Reducing the amount of bounced cheques in the business community;
Offering extended credit to businesses;
Offering dynamic, as opposed to static credit;
Additional features and advantages of the invention will become apparent from the following drawings and description.
The term 'VBC refers hereinafter to a virtual business community assisted by electronic computerized communications means.
The term 'wares' refers hereinafter to products and services offered by a merchant. The terms 'up-sell' and 'cross-sell' refers hereinafter to marketing and sales practices wherein the merchant offers the purchaser of a particular item other wares that complement said particular item.
The term 'trade period' refers hereinafter to a period of time selected from a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days, during which credit is extended to VBC members.
The term 'dynamic credit' refers hereinafter to credit offered to members of a VBC, which as opposed to static credit, is updated in accordance with transactions conducted within said VBC. For example a member is allocated an initial credit of 1000USD. The same member conducts a sale transaction of I OOOUSD within the period of trade, therefore the dynamic credit of the member is updated to 2000USD. The terms 'sales' and 'transactions' refer hereinafter to commercial exchanges conducted by means of network (e.g. internet, cellular), face-to-face physical transactions, or a combination thereof.
Reference is now made to Formula 1 , wherein
Cxn is the current dynamic credit offered to Business x
C\n-i is the initial credit offered to Business x upon registration
TB is the current trade balance of Business x, namely buys from other members subtracted from sales to other members utilizing system credit
Cxn= Cxn-l+TB
Reference is made now to Fig. 1 illustrating an example of the transaction accounts, at 'the end of a trading period, of a plurality of VBC members, employing a penalty system of mediation fees, wherein: (1) members who have conducted only sales or have broken even in terms of sales versus purchases by the end of said trading period are charged a cash transaction fee of on average 1.5% on their sales; (2) members whose sales outweigh their purchases by the end of said trading period are charged on average 1.5% on the sum of their sales subtracted from the sum of their purchases and an additional on average 5% on the sum of their sales; (3) members whose purchases outweigh their sales by the end of said trading period, are charged on average 7.5% on the sum their sales; and (4) members who conducted only purchases by the end of said trading period are exempt of fees. Note that the trading fee in the case of the Advertising company has been adjusted to 15% in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof. Reference is now made to Fig. 2 illustrating the transactions conducted by the above mentioned Office Equipment member of VBC. Reference is now made to Fig. 3 illustrating the .transactions conducted by the above mentioned Print member of VBC. Reference is now made to Fig. 4 illustrating the transactions conducted by the above mentioned Computing member of VBC Reference is now made to Fig. 5 illustrating the transactions conducted by the above mentioned Courier member of VBC. Reference is now made to Fig. 6 illustrating the transactions conducted by the above mentioned Adverts member of VBC. Reference is now made to Fig. 7 illustrating the transactions conducted by the above mentioned Car Rental member of VBC. Reference is made now to Fig. 8 illustrating a flow chart of a particular embodiment VBC trade authorization processing system 10, wherein in step 12 a trade level certificate is allocated to registered member n in accordance to acquired business data (not shown); in step 14 said system queries the balance of consumer credit-card based purchases from member n and accordingly calculates the initial allocated credit 16; in step 18 the system calculates the dynamic credit according to Formula 18a; in step 20 the system queries the level of trade certificate of member n and accordingly either authorizes the transaction and updates the trade balance (TB) of member n according to Formula 26, or queries whether the value of dynamic credit (Cn) according to Formula 18a is greater than 0, and accordingly said system either holds the transaction and contacts the mediator, or it authorizes the transaction and updates the (TB). of member n according to Formula 26.

Claims

1. A system for generating guaranteed payment in transactions conducted among members of a virtual business community (VBC), said transactions having a cash element and a barter element, said system comprising: i. member identification means; ii. body of registered businesses numbering at least 10000 members; iii. financing means; and, iv. plurality of wares offered by said members;
Wherein said cash element of said transactions is periodically charged, and is calculated after deduction of ware barter transactions conducted between said members.
2. The system according to claim 1 , wherein the number of employees in said registered businesses is selected from a group consisting of less than 200, more than 200, or a combination thereof.
3. The system according to claim 1, wherein said member identification means is selected from a group consisting of: (1 ) magnetic swipe credit card, (2) smartcard credit card, or a combination thereof.
4. The system according to claim 1 , wherein periodically is selected for a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days.
5. The system according to claim 1 , wherein said members are allocated credit for a predetermined period selected from a group consisting of (1) 30 days, (2) 60 days, (3) 90 days, and (4) 120 days.
6. The system according to claim 5, wherein said credit is dynamic credit.
7. The system according to claim 1 , additionally comprising computerized means for processing said transactions, said computerized means comprising: a. at least one remote secure computer server; b. at least one computerized processing system; c. at least one online updatable membership database; d. at least one consumer credit-card purchasing -database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; e. at least one means for ascertaining the initial credit given to each registered member; f. at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; g. at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; h. at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters;
8. The system according to claim 1, such that the system is characterized by (i) a physical credit card (ii) an advertising platform for goods and services (wares); (iii) a dynamic credit rating; and (iv) an incentive system for increased market interaction.
9. The system according to claim 7. additionally comprising at least one database of businesses that are not members of said electronic community;
10. The system according to claim 7, additionally comprising at least one advertising means, especially a website, for advertising said wares to said VBC.
1 1. The system according to claim 1 , additionally comprising at least one VBC mediator.
12. The system according to claim 11 , additionally comprising at least one communication means enabling said mediator to up-sell and cross-sell.
13. The system according to claim 1 , additionally comprising at least one communication means for members to directly and privately communicate supply or demand requirements to said mediator.
14. The system according to claim 1 1 , additionally comprising at least one matching means for said mediator to match supply and demand requests communicated to him privately or publicly.
15. The system according to claim 1 , additionally comprising means to increase market traffic by offering incentives and penalties to sellers and buyers;
16. The system according to claim 1 1 , wherein the mediator is a broker, and collects a brokering fee.
17. The system according to claim 1 1, wherein said mediator is authorized as a trader.
18. The system according to claim 1 , wherein said wares are selected from a group consisting of member services, member products, VBC credit, member to member loans, VBC financed loans, or a combination thereof.
19. A method for generating guaranteed payment in business to business transactions between members registered with a virtual business community (VBC), said method comprising the steps of a. obtaining a system for generating guaranteed business to business transactions between members registered with a virtual business community (VBC), comprising: i. member identification means; ii. body of registered businesses numbering at least 10000 members; iii. financing means; iv. plurality of wares offered by said members; and computerized means for processing said transactions; b. registering a plurality of members to said VBC member database; c. ascertaining the initial credit given to VBC members according to consumer credit- card based purchases from said members, retrieved from said consumer purchases database; - d. calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; e. initiating said member's general authorization to trade; f. storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; g. verifying member credit on-demand and authorizing or holding transaction; h. charging VBC members in accordance with transaction fees during trading period ; and, i. billing VBC members for outstanding cash trade balance at the end of trading period; Wherein said VBC members obtain and extended line of dynamic credit, and said transactions are financially guaranteed.
20. The method according to claim 19, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members;
21. The method according to claim 19, wherein said computerized means comprises: a. at least one remote secure computer server; b. at least one computerized processing system; c. at least one online updatable membership database; d. at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; e. at least one means for ascertaining the initial credit given to each registered member; f. at least one certificate per member, contained within said membershipdatabase, having means to denote a dynamic credit balance of said member according to Formula 1 ; g. at least one certificate per member contained within said membershipdatabase, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, h. at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
22. The method according to claim 19, additionally comprising a step of communicating supply and demand of said wares to said members;
23. The method according to claim 19, additionally comprising a step of mediating supply and demand of said wares according to advertised and private communications to said mediator;
24. The method according to claim 19, additionally comprising a step of notifying members towards the end of a trade period that they are in trade deficit;
25. The method according to claim 19, additionally comprising a step of advertising wares of non-members, and enticing non-members to join by communicating demand for their wares.
26. The method according to claim 19, additionally comprising a step of intervening in trade by the mediator as an independent trader.
27. The method according to claim 19, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee of on average 5% is charged on barter.
28. The method according to claim 19, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
29. The method according to claim 27 or 28, wherein said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
30. The method according to claim 19, additionally comprising a step of authenticating transactions by means of a smartcard.
31. A method for reducing excess inventory comprising the steps of a. obtaining a system for generating guaranteed payment in business to business transactions between members registered with a virtual business community (VBC), comprising: i. member identification means; ii. body of registered businesses numbering at least 10000 members; iii. financing means; iv. plurality of wares offered by said members; and, v. computerized means for processing said transactions; b. registering a plurality of members to said VBC member database; c. ascertaining the initial credit given to VBC members according to consumer credit- card based purchases from said members, retrieved from said consumer purchases database; d. calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; e. initiating said member's general authorization to trade; f. storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; g. verifying member credit on-demand and authorizing or holding transaction; h. communicating supply and demand of said wares to said members; i. charging VBC members in accordance with transaction fees during trading period; and, j. billing VBC members for outstanding cash trade balance at the end of trading period; wherein said step of communicating supply and demand of wares to said members prompt transactions between members of said VBC that would not have interacted outwith said VBC.
32. The method according to claim 31 , comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members.
33. The method according to claim 31 , wherein said computerized means comprises: a. at least one remote secure computer server; b. at least one computerized processing system; c. at least one online updatable membership database; d. at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; e. at least one means for ascertaining the initial credit given to each registered member; f. at least one certificate per member, contained within said membershipdatabase, having means to denote a dynamic credit balance of said member according to
Formula 1 ; g. at least one certificate per member contained within said membershipdatabase, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, h. at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
34. The method according to claim 31 , additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1 .5% is charged on cash and a trade fee of on average 5% is charged on barter.
35. The method according to claim 31 , additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1 .75% is charged on barter.
36. The method according to claim 34 or 35, wherein said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
37. A method for extending credit to members of a VBC comprising the steps of a. obtaining a system for generating guaranteed payment in transactions between members registered with a virtual business community (VBC), comprising: i. member identification means; ii. body of registered businesses numbering at least 10000 members; iii. financing means; iv. plurality of wares offered by said members; and, v. computerized means for processing said transactions; b. registering a plurality of members to said VBC member database; c. ascertaining the initial credit given to VBC members according to consumer credit- card based purchases from said members, retrieved from said consumer, purchases database; d. calculating and storing dynamic certificates on" said member database pertaining to , each of said member's trading privileges; e. initiating said member's general authorization to trade; f. storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; g. verifying member credit on-demand and authorizing or holding transaction; h. communicating supply and demand of said wares to said members; i. charging VBC members in accordance with transaction fees during trading period; and, j. billing VBC members for outstanding cash trade balance at the end of trading period; wherein said step of communicating supply and demand of wares to said members prompt transactions between members of said VBC that would not have interacted outwith said VBC.
38. The method according to claim 37, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members;
39. The method according to claim 37, wherein said computerized means comprises: a. at least one remote secure computer server; b. at least one computerized processing system; c. at least one online updatable membership database; d. at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; e. at least one means for ascertaining the initial credit given to each registered member; f. at least one certificate per member, contained within said membership database, having means to denote a dynamic credit balance of said member according to Formula 1 ; g. at least one certificate per member contained within said membership database, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, h. at least one certificate per member -contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
40. The method according to claim 37, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1.5% is charged on cash and a trade fee of on average 5% is charged on barter.
41. The method according to claim 37, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
42. The method according to claim 40 or 41 , wherein said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
43. A method for increasing purchasing power of members of a VBC by about 50% comprising the steps of a. obtaining a system for generating guaranteed payment in transactions between members registered with a virtual business community (VBC). comprising: vi. member identification means; vii. body of registered businesses numbering at least 10000 members; viii. financing means; ix. plurality of wares offered by said members; and, x. computerized means for processing said transactions; b. registering a plurality of members to said VBC member database; c. ascertaining the initial credit given to VBC members' according to consumer credit- card based purchases from said members, retrieved from said consumer purchases database; d. calculating and storing dynamic certificates on said member database pertaining to each of said member's trading privileges; e. initiating said member's general authorization to trade; f. storing dynamic certificates on said member database pertaining to each of said member's dynamic credit balance; g. verifying member credit on-demand and authorizing or holding transaction; h. communicating supply and demand of said wares to said members; i. charging VBC members in accordance with transaction fees during trading period; and. j. billing VBC members for outstanding cash trade balance at the end of trading period; wherein said step of communicating supply and demand of wares to said members prompt transactions between members of said VBC that would not have interacted outwith said VBC.
44. The method according to claim 43, comprising an additional step of retrieving information as to consumer credit-card based purchases from said VBC members;
45. The method according to claim 43, wherein said computerized means comprises: a. at least one remote secure computer server; b. at least one computerized processing system; c. at least one online updatable membership database; d. at least one consumer credit-card purchasing database containing data on consumer purchases from members listed in said membership database, interconnected to said system and server; e. at least one means for ascertaining the initial credit given to each registered member; f. at least one certificate per member, contained within said membershipdatabase, having means to denote a dynamic credit balance of said member according to Formula 1 ; g. at least one certificate per member contained within said membershipdatabase, having means to denote a plurality of business parameters pertaining to said VBC members, including: attractiveness of the wares, liquidity level, risk level, and service level; and, h. at least one certificate per member contained within said membership database, having means to denote said member's level of transaction authorization, in accordance with said certificate that denotes said business parameters.
46. The method according to claim 43, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 1 .5% is charged on cash and a trade fee of on average 5% is charged on barter.
47. The method according to claim 43, additionally comprising a step of employing a penalty system of mediation fees, wherein a cash fee of on average 0.25% is charged on cash and a trade fee of on average 1.75% is charged on barter.
48. The method according to claim 46 or 47, wherein said fees are adjusted in accordance to criteria selected from a group consisting of industry grouping, more than 200 employees, less than 200 employees, industry ranking, or a combination thereof.
PCT/IL2008/001288 2007-09-24 2008-09-24 A credit card based system for facilitating barter commerce among memebers of an economic community WO2009040813A2 (en)

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