A method for designing an electronic transactions system and forming a
proposal for doing business on a global communications network is
disclosed. The invention includes reviewing existing direct sales
screening processes, creating new processes, integrating new and existing
screening processes, determining and implementing legal terms and
conditions for electronic transactions and forming electronic media for
posting. Additional steps may include identifying possible transactions
based on available products and services, approaching subject matter
experts to obtain data, preparing electronic templates and filter
mechanisms, and presentation of proposed methods. Steps dealing with
legal issues include incorporating terms and conditions of sales through
the site, preparing agreements for financial institutions to govern
electronic payments, and developing exclusion clauses for traditional
third party contracts. Key project personnel create content for an
interactive site on a global communications network. A system for
filtering and collecting payments electronically may also be implemented.