David A Haley

US Patent:

8249921, Aug 21, 2012

Filed:

Oct 14, 2005

Appl. No.:

11/251039

Inventors:

David Alan Haley - Evansville IN, US

International Classification:

G06Q 30/00

US Classification:

705 141

Abstract:

This invention is a method and apparatus for facilitating dual, bilateral buyer-driven and bilateral seller-driven commerce through the communication of binding conditional early payment incentive offers, acceptances, and payments. In a preferred embodiment, this invention allows buyers and sellers to communicate conditional early payment incentive offers to each other, and upon acceptance, to bind the other party to a contract. In a preferred embodiment, the apparatus includes a controller which transmits and receives conditional early payment incentive offers. Potential parties have the option to accept a conditional early payment incentive offer and thus bind the other party to a contract. The controller then facilitates payments between a buyer and a seller. The method and apparatus of the present invention have applications on the Internet as well as conventional communication systems such as voice telephony and has applications for suppliers, providers, landlords, contractors, retailers, bankers, insurance plans, governments, et al.