GROUP BIDDING SYSTEM AND METHOD
First Claim
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1. A group bidding system capable of aggregating purchase offers of at least one product from multiple buyers and bidding such purchase offers to one seller or multiple sellers of said at least one product, said group bidding system comprising:
- a central control system, said central control system capable of processing said purchase offers of at least one product from said multiple buyers and communicating said purchase offers to said one seller or said multiple sellers of said product;
a database, said database being controlled and accessed by said central control system;
a buyer interface, said buyer interface being controlled by said central control system, and being accessed by both said central control system and said multiple buyers;
a seller interface, said seller interface being controlled by said central control system, and being accessed by both said central control system and said one seller or said multiple sellers;
a credit verification interface, said credit verification interface being accessed by both said central control system, said multiple buyers, and said one seller or said multiple sellers; and
a payment interface, said payment interface being accessed by both said central control system, said multiple buyers, and said one seller or said multiple sellers.
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Abstract
This invention concerns a group bidding system and method capable of aggregating conditional purchase offers of at least one product from multiple buyers and communicating such conditional purchase offers to one seller or multiple sellers of said product, comprising a central control system, a database, a buyer interface, a seller interface, a credit verification interface, and a payment interface.
5 Citations
19 Claims
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1. A group bidding system capable of aggregating purchase offers of at least one product from multiple buyers and bidding such purchase offers to one seller or multiple sellers of said at least one product, said group bidding system comprising:
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a central control system, said central control system capable of processing said purchase offers of at least one product from said multiple buyers and communicating said purchase offers to said one seller or said multiple sellers of said product; a database, said database being controlled and accessed by said central control system; a buyer interface, said buyer interface being controlled by said central control system, and being accessed by both said central control system and said multiple buyers; a seller interface, said seller interface being controlled by said central control system, and being accessed by both said central control system and said one seller or said multiple sellers; a credit verification interface, said credit verification interface being accessed by both said central control system, said multiple buyers, and said one seller or said multiple sellers; and a payment interface, said payment interface being accessed by both said central control system, said multiple buyers, and said one seller or said multiple sellers. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A group bidding system capable of aggregating conditional purchase offers of at least one product from multiple buyers and communicating such conditional purchase offers to one seller or multiple sellers of said at least one product, said group bidding system comprising:
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a central control system; a database, said database being administrated by said central control system; a buyer interface, said buyer interface being administrated by said central control system; a seller interface, said seller interface being administrated by said central control system; a credit verification interface, said credit verification interface being administrated by said central control system; and a payment interface, said payment interface being administrated by said central control system. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A group bidding method capable of aggregating conditional purchase offers of at least one product from multiple buyers and communicating such conditional purchase offers to one seller or multiple sellers of said at least one product, said group bidding method comprising:
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gathering conditional purchase offers from said multiple buyers for at least one product by a central control system; processing said conditional purchase offers by said central control system according to a first set of pre-determined rules, said first set of pre-determined rules being disclosed to said multiple buyers; communicating said conditional purchase offers by said central control system to one seller or multiple sellers of said at least one product according to a second set of pre-determined rules, said second set of pre-determined rules being disclosed to said one seller or said multiple sellers; receiving a decision by said central control system from said one seller or said multiple sellers; and communicating said decision by said central control system to said multiple buyers. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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Specification