Self-funded commission management system
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United States of America Patent
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Issued Date -
Oct 20, 2005
app pub date -
Apr 14, 2005
filing date -
Apr 14, 2004
priority date (Note) -
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Abstract
A self-funded commission management system is described. The system has a memory storage element for storing commission management software that assigns an affiliate identifier for an affiliate. A user-initiated transaction is received, which is associated with the affiliate identifier. A confirmation that the user-initiated transaction produced a consumed transaction associated with the affiliate identifier is received. A commission associated with the consumed transaction is also received from the entity which ultimately delivered the final product or service to the user and derived the economic value from the user-initiated transaction. The commission is deposited by the advertiser or primary beneficiary of the advertisement into a central fund from which disbursements of all payments are made. The memory element generates a payment signal in response to determining the payment for the affiliate. A microprocessor operatively coupled to receive the payment signal from the memory element. The microprocessor transmits a payment to the affiliate in response to receiving the payment signal.
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