Systems and methods for facilitating a transaction by matching seller information and buyer information
US8046265B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 10, 2007 |
| Grant date | Oct 25, 2011 |
| Priority date | — |
| Expiry date | Jan 14, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method is provided to facilitate a transaction between a seller and a buyer. Buyer information regarding a desired product is received. A controller then searches through a plurality of seller database records associated with products offered for sale by sellers, for a seller database record that corresponds to the buyer information. Based on the searching a determination is made that no seller database record corresponds to the buyer information. Upon determination that no seller database record corresponds to the buyer information the buyer submits additional information defining a commitment to purchase the product. This information indicating a quality associated with the desired product and a maximum price that the buyer commits to pay. After receiving this information a new seller database record is created with a specific product offered for sale by a specific seller that corresponds with the additional buyer information, and the buyer is automatically charged for the specific product. According to other embodiments, an appropriate item price is determined based on the seller offer information. According to another embodiment, a subsidy is determined, the subsidy being ass…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.