Secure shipment method for barter transaction

• US 20080103810A1
• Filed: 10/26/2007
• Published: 05/01/2008
• Est. Priority Date: 10/27/2006
• Status: Abandoned Application

• Current Assignee: JPM Global, Inc.
• Original Assignee: JPM Global, Inc.
• Inventors: Bocheck, Paul
• Application Number:
  US11/977,853
• Publication Number:
  US 20080103810A1
• Time in Patent Office: Days
• US Class Current: 705/1
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Method and system for bartering between trade parties each having one or more items available for barter, via a communications network. Items available for trade are listed and the parties can browse and search the lists to locate items they want to acquire and items they have available to trade, and create a barter offer. Once a barter offer is created, a secure shipment is provided by generating orders for pick-up of the barter items from each party only after all parties have arranged for shipment of the items involved. No item is delivered to any party involved in the barter until at least one other item, and possibly all other items involved in the transaction has/have been picked-up.

Claims

1. A method for coordinating delivery of tangible items being traded between multiple parties, comprising:

enabling each party to agree to transfer their item being 5 traded over a communications network;

enabling each party to arrange for shipment of their item being traded using the communications network only after all parties to a transaction agree to transfer the items involved in the transaction;

generating orders for pickup of items from each party only after all parties to the transaction have arranged for shipment of the items involved in the transaction; and

refraining from delivering any item to any party until at least one other item involved in the transaction has been 15 picked-up.

2. The method of claim 1, further comprising refraining from picking-up an item from one party until the at least one other item to be delivered to that party has been picked-up.

3. The method of claim 1, further comprising controlling pick-up and delivery of the items involved in the transaction by means of at least one item handling facility.

4. The method of claim 1, further comprising:

directing delivery of all items involved in the transaction from each providing party to at least one item handling facility; and

delivering the items to receiving parties only after all 30 items involved in the transaction have been delivered to the at least one item handling, facility.

5. The method of claim 1, further comprising:

directing delivery of all items involved in the transaction to at least one item handling facility; and

enabling delivery of items to the receiving parties only after all items involved in the transaction have been picked-up 5 from the providing parties and are in transit to the at least one item handling facility.

6. The method of claim 1, wherein there are at least first, second and third parties to the transaction with the first party providing at least one item to the second party, the second party providing at least one item to the third party and the third party providing at least one item to the first party.

7. The method of claim 1, further comprising enabling each party to print mailing labels for shipment of an item being traded upon receipt of a confirmation of the agreement to transfer the items.

8. The method of claim 7, further comprising enabling 20 each party to print mailing labels for shipment of an item being traded upon receipt of a payment for shipment by the other party.

9. A method for coordinating delivery of tangible items 25 being traded between multiple parties, comprising:

enabling each party to agree to transfer their item being traded over a communications network;

enabling each party to independently arrange for shipment of their item being traded using the communications network only after all parties to a transaction agree to transfer the items involved in the transaction; and

conditionally executing pick-up and delivery of the items involved in the transaction such that prior to delivery of any item to any party, all items involved in the transaction being traded have been picked-up from providing parties.

10. The method of claim 9, further comprising generating orders for pick-up of items from each party only after all parties to the transaction have arranged for shipment of the items involved in the transaction.

11. The method of claim 9, further comprising controlling pick-up and delivery of the items involved in the transaction by means of at least one third party handling facility, pick-up and delivery of the items being conditionally executed such that prior to delivery of any item to any party, all items have been picked-up from the providing parties and are in transit to receiving parties without the possibility of a providing party halting delivery of an item to the receiving party.

12. The method of claim 9, further comprising:

directing delivery of 11 items involved in the transaction to at least one item handling facility; and

delivering the items to the receiving parties only after all items involved in the transaction have been delivered to the at least one item handling facility.

13. The method of claim 9, further comprising:

directing delivery of all items involved in the transaction to at least one item handling facility; and

enabling delivery of items to the receiving parties only after all items involved in the transaction have been picked-up from the providing parties and are in transit to the at least one item handling facility.

14. The method of claim 9, wherein there are at least first, second and third parties to the transaction with the first party providing at least one item to the second party, the second party providing at least one item to the third party and he third party providing at least one item to the first party.

15. The method of claim 9, further comprising enabling each party to print mailing labels for shipment of an item being traded upon receipt of a confirmation of the agreement to transfer the items.

16. A computer program resident on computer-readable media and arranged to:

enable multiple parties to engage in a barter transaction 15 for the transfer of tangible items from one party to another using a communications network;

enable each party to agree to transfer the item being traded over the communications network;

enable each party to arrange for shipment of their item 20 being traded using the communications network only after all parties to a transaction agree to transfer the items involved in the transaction;

generate orders for pick-up of items from each party only after all parties to the transaction have arranged for shipment of the items involved in the transaction; and

coordinate secure shipment of the items by scheduling delivery of any item to any party only after at least one other item involved in the transaction has been picked-up.

17. The computer program of claim 16, wherein the computer program is further arranged to coordinate the transfer of the items by refraining from authorizing pick-up of an item from one party to the transaction until at least one other item to be delivered to that party is determined to have been picked-up.

18. The computer program. of claim 16, wherein the computer program is further arranged to direct delivery of all items involved in the transaction to at least one item handling facility.

19. The computer program of claim 18, wherein the computer program is further arranged to monitor receipt of items involved in the transaction at the at least one item handling facility and direct delivery of the items to the receiving parties only after all items involved in the transaction have been received by the at least one item handling facility.

20. The computer program of claim 18, wherein the computer program is further arranged to monitor pickup of items involved in the transaction from the providing parties for delivery to the at least one item handling facility and direct delivery of the items to the receiving parties only after all items involved in the transaction have been picked-up from the providing parties and are in transit to the at least one item handling facility.

21. The computer program of claim 16, wherein there are at least first, second and third parties to the transaction with the first party providing at least one item to the second party, the second party providing at least one item to the third party and the third party providing at least one item to the first party.