The Invention Science Fund I, LLC (Bellevue, WA)

A system and method is provided for the utilization of credit arrangements in simulated environments. Participation in credit transactions that require virtual goods, virtual services and virtual items can be done by the user. The user is capable of receiving feedback on the results of the credit transaction. In certain instances, multiple users are able to make purchases or make simulated credit obligations that are linked to virtual accounts and multiple users may also create simulated compensation for the outstanding balances or obligations to the virtual accounts. Virtual credit arrangements give users the chance to participate in real-time financial transactions. In certain versions of the system and methodology that allow multiple participants from different locations can use virtual charge accounts, as well as real world financial accounts when making arrangements or settling the issue of a virtual credit transaction.

Modern financial systems include many ways to purchase items that are worth the money. Utilizing debit cards, credit cards and checking accounts to perform financial transactions is a common method of doing so without the need to exchange cash or currency.

Many virtual worlds have imaginary characters who take part in imaginary transactions, activities, and occasions. There are educational as well as entertainment benefits of creating new and exciting ways of connecting virtual worldenvironments with real-world experiences.

This disclosure describes a method and method for virtual credit arrangements which allow users to perform virtual credit transactions. Feedback is communicated to the user regarding outcomes of the credit transactions. As a response to the simulated credit transactions, the user is provided the option of participating in real-world financial transactions that are related to the virtual credit agreement.

One of the features of the method and system is that an account virtual is created to the user. The user is enabled to purchase simulated items of food or services as well as objects that are worth. The results of the simulation purchases are communicated back to the user. In response to the impression of making simulated purchases and receiving feedback, the transition of the user to using an actual financial account can be made. Another aspect concerns selection of credit terms for virtual purchases or services, and/or other things that are worth. In certain embodiments, specific virtual account terms are programmed–e.g. through a machine that is under control of a program based on demographic information or other past performance records. Other options allow the user to change certain conditions of the virtual account.

In some embodiments the users are able to make simulated purchases, or to incur virtual credit obligations linked to virtual accounts and also, users can make simulated compensation against balances due or obligations due to virtual accounts. In some instances users may be compensated compensation for something that has actual value. In some cases the user may be able to earn payments using virtual objects.

Performance benchmarks might be required in certain instances before allowing transfer to a higher participation level for a virtual credit account. Completion of performance benchmarks may be required before facilitatingtransition of a user to an actual financial account. In certain situations the user may be able to transfer to a real account without restriction.

In some implementations the system and method offers a simulation environment that enables purchases of various virtual products or services virtual and/or objects to be made by a plurality of customers at various locations. The purchases could include credit transactions based on activities in the world of role-playing.

The following drawings and descriptions will help you understand the benefits, features and additional features of the most preferred designs.

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To help you recognize the key words and concepts, try the questions below.

  • What is the goal of the invention? Is it a utilitarian device or an ornamental design?
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  • What is the nature and purpose of the invention? What is the physical composition of the invention?
  • What’s the point of the invention
  • What are the terms used in technical terminology and key words that define the essence of an invention? To assist you in finding the correct terms, consult a technical dictionary.

2. These terms allow you to look up relevant Cooperative Patent Classifications on the Classification Search Tool. If you’re unable to locate the appropriate classification for your invention, look through the classification’s class Schemas (class schedules). Consider substituting the words you’re using for describing your invention, if you fail to get any results from your Classification Text Search with synonyms such as the terms you used in Step 1.

3. Go through 3. Check the CPC Classification Definition for confirmation of the CPC classification you found. If the classification you have selected is a blue square that contains “D” and “D”, then the hyperlink to the CPC classification definition will be displayed. CPC classification definitions can help determine the scope of the classification, so you are certain to choose the one that is appropriate. These definitions may also include research tips or other suggestions which could prove useful in further study.

4. Retrieve patent documents with the CPC classification from the Patents Full-Text and Image Database. You can review and select the relevant patent publications by focusing first on the abstract and drawings representative of.

5. Use this selection of the most pertinent patent documents to study each in detail for similarity to your own invention. Be sure to read the claims and specifications. Consult the applicant and patent examiner for any additional patents.

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7. Locate other US patents using keywords searching in PatFT or AppFT databases, classification search of non-U.S. patents per below, and searching for non-patent literature disclosures of inventions using internet search engines. Here are a few examples:

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