System and method for electronic consent and delivery of financial and/or other transaction-related information
View Patent ↗The present invention relates to a method and system for effectively and efficiently delivering financial and/or other transaction-related information to investors while complying with relevant governmental rules and regulations regarding notice, access and proof of delivery. The method and system of the present invention enable individual consent of electronic delivery of financial and/or other transaction-related information from investors and electronically delivering such information and/or documentation to the consented recipients. The system can manage and update investor lists for issuers and/or market intermediaries; prepare financial and other transaction-related information for review; replace or supplement hardcopy documents by disseminating such financial and other transaction-related information through an electronic delivery fulfillment system that complies with governmental rules and regulations; and enable real-time audit tracking of the electronic delivery to confirm both delivery and access of delivered information and to track corrupted electronic deliveries.
1. A computer program product for identifying consent to an electronic delivery of information, comprising:
a processor having memory wherein the memory stores a computer executable program comprising:
a contact module providing at least one destination of the stored information;
an at least one communication module transmitting to the at least one destination a first communication of an electronic notification of an availability of the stored information and an option to access the stored information;
an at least one consent module for recording a first exercise of the option to access the stored information;
the at least one communication module transmitting to the at least one destination a second communication in response to the first exercise a prompt for consent to an electronic delivery of the stored information;
the at least one consent module recording a second exercise of a granting or denial of the prompted consent;
the at least one communication module transmitting to the at least one destination a third communication in response to the second exercise of the granting of the prompted consent to provide an electronic access to the stored information;
the at least one consent module recording a third exercise of provided electronic access to the stored information; and
the at least one communication module transmitting a fourth communication of the stored information in response to the third exercise; and
a computer readable medium storing the information and communicably linked to the processor.
2. The computer program product of claim 1 , further comprising the at least one communication module transmitting a fifth communication in response to the second exercise of the denial of the prompted consent to provide a cancellation of the electronic access to the stored information.
3. The computer program product of claim 1 , wherein at least one of the first, second, and third communications is a web page.
4. The computer program product of claim 1 , wherein the stored information is a financial or transaction-related document.
5. The computer program product of claim 4 , wherein the financial or transaction-related document is an offering document.
6. The computer program product of claim 5 , wherein a prospectus is provided by an issuer of the offering document.
7. The computer program product of claim 1 , wherein the option to access the stored information includes a link to the second communication.
8. The computer program product of claim 1 , wherein at least one of the first, second, and third communications is an e-mail.
9. The computer program product of claim 1 , wherein the contact module further provides identification data of a recipient of the stored information.
10. The computer program product of claim 9 , wherein the recipient is an investor.
11. The computer program product of claim 1 , wherein the consent is a specific consent for an electronic delivery of a financial or transaction-related document.
12. The computer program product of claim 1 , wherein the stored information includes a plurality of financial and/or transaction-related documents.
13. The computer program product of claim 12 , wherein the consent is a global consent for one or more electronic deliveries of any of the plurality of financial and/or transaction-related documents.
14. The computer program product of claim 12 , wherein the plurality of financial and/or transaction-related documents are offered by one or more issuers of the documents.
15. The computer program product of claim 1 , further comprising the at least one communication module transmitting a fifth communication to provide a real-time audit report of the second and third exercise.
16. The computer program product of claim 4 , wherein the financial or transaction-related document is an electronic copy of an existing hardcopy document.
17. The computer program product of claim 5 , wherein the offering document is one of a private, public, and municipal offering document.
18. The computer program product of claim 1 , wherein the first, second, third, or fourth communication comprises an electronic address link to another communication.