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A MULTIPLE ENTITY PURCHASE AND SALE TRANSACTION SYSTEM

  • US 20070294134A1
  • Filed: 06/15/2006
  • Published: 12/20/2007
  • Est. Priority Date: 06/15/2006
  • Status: Abandoned Application
First Claim
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1. An information processing center comprised of:

  • a shopping group creation component for anyone to create a shopping group with an open enrollment period;

    a shopping group shopper control component for shoppers to join or check out shopping groups during said open enrollment period;

    a shopping group seller control component for sellers to provide bids to shopping groups during said open enrollment period;

    a shopping group presentation component for anyone to browse, search, or display a shopping group;

    a shopping group administration component for controlling shopping groups so that shopping groups can be moved from open state to locked-in state, accepted state, processed state, and eventually closed state and for processing shopping group changes;

    whereby shopping groups can be created;

    whereby shoppers can join and check out shopping groups;

    whereby sellers can provide bids to shopping groups;

    whereby shoppers get better prices as a group and sellers get higher profits and lower costs.

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