Patent ID: 8621215
Filing Date: 2013-12-31
Classification: G06Q

Abstract:
1. A computer-implemented method executed by at least one computer system comprising one or more processors, the method comprising: (a) receiving bidirectional communication between a first member associated with a first profile and a second member associated with a second profile in a social network; (b) establishing a social relationship between the first profile and the second profile based on the bidirectional communication and storing the social relationship as an association in the social network, the association including a type and a level of the social relationship; (c) receiving, at the social network, transaction data associated with the first member and the second member, the transaction data indicative of a request to create a monetary account between the first member and the second member that is independent of the social network; (d) associating, using the one or more processors, the first member of the social network with a first trust factor that describes a trustworthiness of the first member in the social network and is based on instructions received from the other members of the social network that specify whether the first member is a trusted member of the social network and a degree of separation between the first member and the other members of the social network that provided the instructions, the degree of separation reflecting a strength of relationship between the first member and the other members; (e) associating, using the one or more processors, the second member of the social network with a second trust factor that describes a trustworthiness of the second member and is based on the instructions received from the other members of the social network that specify whether the second member is a trusted member of the social network; and (f) the one or more processors determining whether to create the monetary account between the first member and the second member to complete a financial transaction associated with the transaction data based on the first trust factor, the second trust factor and by determining that the first member and the second member share a common characteristic, an activity and a community.