Patents Assigned to IP Origins, LLC
  • Publication number: 20130297510
    Abstract: Disclosed are various embodiments for an electronic escrow intermediary application that permits a buyer and seller to conduct a digital escrow transaction involving a third-party intermediary. An electronic transaction can occur through a third-party electronic commerce application or through the escrow intermediary application itself. Registration of a buyer and a seller is verified and either party is permitted to choose a registered third-party intermediary. After a purchase is made by a buyer, the terms and regulations associated with the transaction are transmitted to the third-party intermediary. The purchase money is placed in an escrow account until verification has been received by the third-party intermediary that the item has been delivered, complies with government regulations, and is, in fact, what the seller represents. Upon verification, the purchase money is distributed according to the terms of the transaction to the seller and to the third-party intermediary.
    Type: Application
    Filed: May 6, 2013
    Publication date: November 7, 2013
    Applicant: IP Origins, LLC
    Inventor: Chapman Ducote