Patent ID: 8296242

Claim:
A method in which at least one computer system accesses instructions from computer storage and executes the instructions to coordinate and track at least a portion of a transaction process involving a plurality of parties that engage in at least a portion of a transaction, wherein the plurality of parties includes at least: (1) a Receiver with at least one associated device having a second informational token, (2) a Provider with at least one associated device having a third informational token (3) a Payer with at least one associated device having a first informational token; wherein the first informational token provides identification of said Payer and at least one of a service and a product, the second informational token provides identification of said Receiver, the third informational token provides identification of said Provider; wherein at least a portion of said transaction process comprises: transmission of the first informational token from said at least one associated device of the Payer to said at least one associated device of the Receiver; after receipt of the first informational token by said at least one associated device of the Receiver, transmission of the first and second informational tokens from said at least one associated device of the Receiver to said at least one associated device of the Provider; initiating delivery of at least a portion of at least one of said service and said product from said Provider to said Receiver in exchange for receipt of the first and second informational tokens by said at least one associated device of the Provider; after receipt of the first and second informational tokens by said at least one associated device of the Provider, transmission of the second and third informational tokens from said at least one associated device of the Provider to said at least one associated device of the Payer device; verifying receipt of at least one of said service and said product by the Receiver from said Provider based on receipt of the second and third informational tokens by said at least one associated device of the Payer; and transmission of compensation from said Payer to said Provider upon verifying receipt of at least one of said service and said product by the Receiver.