Invention Grant
- Patent Title: Computerized transaction bargaining system and method
- Patent Title (中): 计算机化交易谈判制度和方法
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Application No.: US11981368Application Date: 2007-10-30
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Publication No.: US08335746B2Publication Date: 2012-12-18
- Inventor: James D. Burchetta , Charles S. Brofman
- Applicant: James D. Burchetta , Charles S. Brofman
- Applicant Address: US CT Stamford
- Assignee: Cybersettle Holdings, Inc.
- Current Assignee: Cybersettle Holdings, Inc.
- Current Assignee Address: US CT Stamford
- Agency: Frommer Lawrence & Haug LLP
- Agent William S. Frommer; Brian M. McGuire
- Main IPC: G06Q50/00
- IPC: G06Q50/00 ; G06Q20/00 ; G06Q10/00

Abstract:
A method and system for automated bargaining is disclosed. The method and system are used in testing non-equal values in normal rounds for satisfaction of a condition. If the condition is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round condition. If the power round condition is satisfied, a binding bargained payment is calculated. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic agreement document generation.
Public/Granted literature
- US20080065558A1 Computerized transaction bargaining system and method Public/Granted day:2008-03-13
Information query