Electronic negotiation and fulfillment for package of financial products and/or services
First Claim
Patent Images
1. A process comprising:
- electronically negotiating in real time between a first party and a second party to attain a negotiated agreement for a package of financial accounts to meet financial needs of the first party; and
automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the package and which preexists at a financial institution not providing accounts as part of the package, and electronically delivering the closed account to a financial institution which is providing accounts as part of the package.
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Abstract
An apparatus and process for (a) electronically negotiating in real time between a first party and a second party to attain a negotiated agreement for a package of financial accounts to meet financial needs of the first party; and (b) automatically fulfilling the negotiated agreement by electronically closing accounts of the first party which relate to the package and which preexist at a financial institution not providing accounts as part of the package, and electronically delivering the closed accounts to a financial institution which is providing accounts as part of the package.
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Citations
25 Claims
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1. A process comprising:
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electronically negotiating in real time between a first party and a second party to attain a negotiated agreement for a package of financial accounts to meet financial needs of the first party; and
automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the package and which preexists at a financial institution not providing accounts as part of the package, and electronically delivering the closed account to a financial institution which is providing accounts as part of the package. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A process comprising:
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presenting information by a first party to a second party, the information indicating a financial need of the first party;
preparing an initial package of financial accounts by a second party to meet the financial needs of the first party;
presenting the initial package to the first party;
iteratively and electronically negotiating in real time between the first and second parties, from the initial package, to attain a negotiated agreement between the first and second parties for a finalized package of financial accounts to meet the financial needs of the first party; and
automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the finalized package and which preexists at a financial institution not providing accounts as part of the finalized package, and electronically delivering the closed account to a financial institution which is providing accounts as part of the finalized package. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 19, 20)
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18. A process comprising:
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completing an application by a first party, the completed application indicating financial needs of the first party;
analyzing the completed application to create an initial package of financial accounts to meet the financial needs of the first party;
presenting the initial package to the first party;
iteratively and electronically negotiating in real time between the first and second parties, from the initial package, to attain a negotiated agreement between the first and second parties for a finalized package of financial accounts to meet the financial needs of the first party;
automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the finalized package and which preexists at a financial institution not providing accounts as part of the finalized package, and electronically delivering the closed account to a financial institution which is providing accounts as part of the finalized package; and
performing automatic learning with data from said analyzing the completed application, said iteratively and electronically negotiating, and said automatically fulfilling, to improve negotiating results for the second party in subsequent negotiations with other parties.
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21. A process comprising:
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electronically accessing a web site by a first party through an electronic communications network, the web site including an application;
electronically completing the application on the web site by the first party, the completed application indicating financial needs of the first party;
automatically analyzing the completed application by a second party;
automatically creating an initial package of financial accounts by the second party to meet the financial needs of the first party, based on the automatically analyzed, completed application;
electronically presenting the initial package to the first party by the second party through the electronic communications network;
iteratively and electronically negotiating in real time between the first and second parties through the electronic communications network, from the initial package, to attain a negotiated agreement between the first and second parties for a finalized package of financial accounts to meet the financial needs of the first party; and
automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the finalized package and which preexists at a financial institution not providing accounts as part of the finalized package, and electronically delivering the closed account to a financial institution which is providing accounts as part of the finalized package. - View Dependent Claims (22, 23)
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24. An apparatus comprising:
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a computer system allowing electronic negotiation in real time between a first party and a second party to attain a negotiated agreement for a package of financial accounts to meet financial needs of the first party; and
a electronic system automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the package and which preexists at a financial institution not providing accounts as part of the package, and electronically delivering the closed account to a financial institution which is providing accounts as part of the package.
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25. An apparatus comprising:
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means for electronically negotiating in real time between a first party and a second party to attain a negotiated agreement for a package of financial accounts to meet financial needs of the first party; and
means for automatically fulfilling the negotiated agreement by electronically closing an account of the first party which relates to the package and which preexists at a financial institution not providing accounts as part of the package, and for electronically delivering the closed account to a financial institution which is providing accounts as part of the package.
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Specification