Matthew R Leader

US Patent:

20110196784, Aug 11, 2011

Filed:

Feb 8, 2011

Appl. No.:

13/023515

Inventors:

Yechiel Newman - New York NY, US
Matthew Leader - Brooklyn NY, US

International Classification:

G06Q 40/00
G06F 15/16

US Classification:

705 39, 709229

Abstract:

A system and method for incentivizing and confirming the completion of tasks using an electronic escrow service. In one embodiment, Organizer invites Invitee to post escrow online to ensure a meeting occurs between the parties. The meeting is arranged by Server . Invitee confirms appearance either via location broadcast or by disclosing a system-generated password to Organizer upon meeting, which Organizer SMS texts to Server. If Invitee's appearance is confirmed, the Server releases Invitee's escrow back to Invitee. If Invitee's appearance is not confirmed, the escrow is forfeited and donated to a recipient charity of Invitee's choosing.