Patent ID: 8275699
Filing Date: 2012-09-25
Classification: G06Q

Abstract:
1. A method for conducting an honorary credit transaction, comprising: providing a system configured to provide honorary credit to a second purchaser in exchange for an honorary commitment to provide payment for electronically transmittable item to one or more agents, wherein the honorary commitment comprises a non-legally binding commitment to provide a payment to the one or more agents for purchase of the electronically transmittable item; receiving, via a processor, a request from a first purchaser to provide a second purchaser honorary credit in exchange for an honorary commitment to provide payment for an electronically transmittable item to one or more agents; providing, via a processor, the second purchaser honorary credit in exchange for an honorary commitment to provide payment for the electronically transmittable item to one or more agents; providing the electronically transmittable item to the second purchaser via electronic transmission prior to receiving payment for the electronically transmittable item; and determining that a payment has been received for the electronically transmittable item via at least one of the one or more agents, providing an incentive to the first purchaser based upon said determination.