Systems and methods for reselling electronic merchandise

US7640186B1 · kind B1 · utility

Assignee

• CFPH, LLC · US

Inventors

• Stuart A. Fraser · Armonk, US
• Philip M. Ginsberg · New York, US
• Glenn D. Kirwin · Scarsdale, US
• Howard W. Lutnick · New York, US

Key dates

• Filing date: Nov 15, 2000
• Grant date: Dec 29, 2009
• Expiry date: Nov 14, 2021

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0609
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A service is provided that verifies, repairs, and provides a resale mechanism for electronic merchandise over the Internet. A reseller sends in a request to sell electronic merchandise. The service provider may verify the authenticity of the merchandise. Next, depending on the reseller's requests, the service provider may verify the electronic merchandise and repair the electronic merchandise if the data is faulty. When the electronic merchandise is ready, the service provider may advertise the merchandise using a method specified by the reseller. Once there is a buyer, the service provider may notify the reseller, a transaction may occur, and the electronic merchandise and copyrights may be transferred from reseller to buyer.