Method and apparatus for a credibility reporting system augmenting an online exchange
First Claim
1. A method for capturing data relating to trade actions across multiple independent electronic marketplaces in an on-line transaction, comprising the steps of:
- (a) recognizing, across multiple independent electronic marketplaces, credentials of a participant in said on-line transaction, (b) validating and recording trade actions of said participant in said on-line transaction for an electronic marketplace independently and transparently, and (c) correlating, and analyzing recorded trade actions, and transaction patterns across multiple independent electronic marketplaces to create credibility ratings, whereby said credibility ratings will aid in decision making process by disclosing true intention of participants to make a successful online transaction based on earlier captured trade actions, and whereby said credibility ratings will provide uniform ratings by capturing specific set of data across multiple independent exchanges and tracking uniform transaction patterns.
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Accused Products
Abstract
A method and apparatus for capturing trade-action data pertaining to credibility of participants, across multiple independent electronic marketplaces, in an online business. The invention utilizes a publicly or privately accessible service provider computer program that uniquely identifies user'"'"'s credentials across multiple independent marketplaces, and non-intrusively records trade action data at specific stages of the transaction. Service provider computer program correlates, and analyzes recorded trade actions, and transaction inpatterns to create credibility ratings that show efficiency and effectiveness of the transaction performed. Credibility ratings aid in decision making process by disclosing true intention of participants to make a successful online transaction based on earlier captured trade actions to provide uniform ratings by capturing specific set of data across multiple independent exchanges and tracking uniform transaction patterns. In one or more embodiments the invention utilizes a computer program that interfaces with an exchange computer program for the electronic marketplace to provide notification of trade actions. Service provider computer program provides validation of user and exchange credentials by using locally stored encrypted data and provides mapping to identify user across multiple independent exchanges.
40 Citations
2 Claims
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1. A method for capturing data relating to trade actions across multiple independent electronic marketplaces in an on-line transaction, comprising the steps of:
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(a) recognizing, across multiple independent electronic marketplaces, credentials of a participant in said on-line transaction, (b) validating and recording trade actions of said participant in said on-line transaction for an electronic marketplace independently and transparently, and (c) correlating, and analyzing recorded trade actions, and transaction patterns across multiple independent electronic marketplaces to create credibility ratings, whereby said credibility ratings will aid in decision making process by disclosing true intention of participants to make a successful online transaction based on earlier captured trade actions, and whereby said credibility ratings will provide uniform ratings by capturing specific set of data across multiple independent exchanges and tracking uniform transaction patterns.
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2. A credibility reporting system comprising:
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(a) a computer processor usable medium accessible for public or private electronic communication comprising;
(1) a computer processor readable program embodied therein for providing an electronic transaction, anonymous or otherwise, and (2) a computer processor readable program embodied therein for providing notification of a trade action in said electronic transaction, (b) a computer processor usable medium accessible for public or private electronic communication comprising;
(1) a computer processor readable program embodied therein for recognizing credentials of a participant in a trade action across multiple independent electronic marketplaces, (2) a computer processor readable program embodied therein for providing record of said trade action, and (3) a computer processor readable program embodied therein for analyzing recorded trade actions, whereby said credibility reporting system will provide report to aid in decision making process by disclosing true intention of participants to make a successful online transaction based on earlier recorded trade actions, whereby said credibility reporting system will provide monitoring facility across multiple independent exchanges solving operational difficulty of tracking participants trade actions globally, and whereby said credibility reporting system will provide operational ease of use by integration with existing online exchange software.
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Specification