WO2005124678A3 - Online transaction hosting apparatus and method - Google Patents

Online transaction hosting apparatus and method Download PDF

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Publication number
WO2005124678A3
WO2005124678A3 PCT/US2005/021294 US2005021294W WO2005124678A3 WO 2005124678 A3 WO2005124678 A3 WO 2005124678A3 US 2005021294 W US2005021294 W US 2005021294W WO 2005124678 A3 WO2005124678 A3 WO 2005124678A3
Authority
WO
WIPO (PCT)
Prior art keywords
seller
buyer
matched
offers
buy
Prior art date
Application number
PCT/US2005/021294
Other languages
French (fr)
Other versions
WO2005124678A2 (en
Inventor
Garret C Greak
Original Assignee
Revolutionary E Commerce Syste
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Revolutionary E Commerce Syste filed Critical Revolutionary E Commerce Syste
Publication of WO2005124678A2 publication Critical patent/WO2005124678A2/en
Publication of WO2005124678A3 publication Critical patent/WO2005124678A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/08—Auctions
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/0601—Electronic shopping [e-shopping]
    • G06Q30/0609—Buyer or seller confidence or verification
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An invention is disclosed relating to an apparatus and method for hosting transactions over a network such as the Internet. Sellers post offers to sell under a listing belonging to an organized database (106) of listings. Likewise, buyers post offers to buy. A matching module (340) selects offers to sell and matches them to offers to buy based on a predefined criteria. Before posting offers to sell or buy, buyers and sellers may be presented with data concerning the market for the product that is the subject of the offer. A sale is consummated between the buyer and seller of the matched offer to buy and offer to sell. Consummation may include assessing the risk of fraud posed by the matched buyer and matched seller. Fees may be charged to the matched buyer, the matched seller, or both as insurance against fraud. Payment may be made by the buyer directly to the seller or to a host hosting the apparatus and method for conducting the transaction. Payment is forwarded to the seller by the host upon confirmation by the buyer that a product has been received in good order. An automated, or partially automated, dispute resolution process may resolve disputed transactions.
PCT/US2005/021294 2004-06-15 2005-06-15 Online transaction hosting apparatus and method WO2005124678A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US10/867,974 2004-06-15
US10/867,974 US7617128B2 (en) 2004-06-15 2004-06-15 Online transaction hosting apparatus and system

Publications (2)

Publication Number Publication Date
WO2005124678A2 WO2005124678A2 (en) 2005-12-29
WO2005124678A3 true WO2005124678A3 (en) 2007-02-22

Family

ID=35507253

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/021294 WO2005124678A2 (en) 2004-06-15 2005-06-15 Online transaction hosting apparatus and method

Country Status (2)

Country Link
US (1) US7617128B2 (en)
WO (1) WO2005124678A2 (en)

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