Methods and apparatus for brokering transactions

• US 6,598,026 B1
• Filed: 05/25/1999
• Issued: 07/22/2003
• Est. Priority Date: 01/25/1999
• Status: Expired due to Term

• Current Assignee: Nextag Incorporated
• Original Assignee: NexTag.com, Incorporated
• Inventors: Schmidt, Franklin Richard, Ojha, Purnendu Shekhar, Ortiz, Rafael Gustavo
• Primary Examiner(s): Coggins, Wynn W.
• Assistant Examiner(s): GARG, YOGESH C
• Application Number:
  US09/318,520
• Time in Patent Office: 1,519 Days
• Field of Search: 705/26, 705/27, 705/1, 705/80, 705/37
• US Class Current: 705/80
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

Methods and apparatus are described for facilitating a transaction between a buyer and one of a plurality of sellers via the Internet. Product information relating to a plurality of products meeting product criteria specified by the buyer is presented via the Internet. One of the plurality of sellers is associated with each of the products. A first bid from the buyer for a first one of the plurality of products is made available via the Internet to a first seller associated with the first product. A first bid response is presented via the Internet to the buyer according to response criteria specified by the first seller. Where the first bid response is an acceptance of the first bid, consummation of the transaction is facilitated. Where the first bid response is a counteroffer, further negotiation via the Internet between the buyer and the first seller is enabled.

Claims

1. A computer-implemented method for facilitating a transaction between a buyer and one of a plurality of seller via a network, the method comprising:

enabling the buyer to generate a shopping list identifying at lest one product associated with the plurality of seller, each entry in the shopping list corresponding to one of the at least one product and a corresponding one of the plurality of seller;

identifying the shopping list as a mutually exclusive group in response to receiving input from the buyer via the network, the mutually exclusive group including each entry in the shopping list;

enabling the buyer to negotiate substantially simultaneously with the plurality of sellers in the mutually exclusive group via the network; and

when an agreement is reached between the buyer and a first one of the plurality of sellers in the mutually exclusive group, automatically terminating negotiations between the buyer and others of the plurality of sellers in the mutually exclusive group.

2. The method of claim 1 wherein enabling the buyer to negotiate comprises:

presenting via the network product information relating to a plurality of products meeting product criteria specified by the buyer, one of the plurality of sellers being associated with each of the products;

making a plurality of bids from the buyer for selected ones of the plurality of products available via the network to the plurality of sellers, selected ones of the plurality of bids corresponding to the mutually exclusive group; and

presenting at least one bid response via the network to the buyer from any of the plurality of sellers.

3. The method of claim 2 wherein terminating negotiations comprises making the selected bids unavailable to the others of the plurality of sellers.

4. The method of claim 2 wherein the selected bids relate to more than one of the plurality of products.

5. The method of claim 2 wherein the selected bids relate to one of the plurality of products.

6. The method of claim 2 wherein the plurality of bids are all for a first amount.

7. The method of claim 2 wherein the plurality of bids are for varying amount.

8. The method of claim 1 wherein the agreement comprises an acceptance by either of the buyer and one of the plurality of sellers.

9. The method of claim 1 further comprising enabling the buyer to define the mutually exclusive group.

10. The method of claim 9 wherein enabling the buyer to define the mutually exclusive group comprises allowing the buyer to identify selected ones of the plurality of products with the mutually exclusive group.

11. The method of claim 10 further comprising enabling the buyer to define more than one mutually exclusive group.

12. A computer program product, comprising:

at lest one computer-readable medium; and

a computer program mechanism em bedded in the at least one computer-readable medium for causing a computer to facilitate a transaction between a buyer and one of a plurality of seller via a network, the computer program mechanism comprising;

first instruction for enabling the buyer to generate a shopping list identifying at lest one product associated with the plurality of seller, each entry in the shopping list corresponding to one of the at least one product and a corresponding one of the plurality of seller;

second instruction for identifying the shopping list as a mutually exclusive group in response to receiving input from the buyer via the network, the mutually exclusive group including each entry in the shopping list;

third instructions for enabling the buyer to negotiate substantially simultaneously with the plurality of sellers in the mutually exclusive group via the network; and

fourth instructions for when an agreement is reached is between the buyer and a first one of the plurality of sellers in the mutually exclusive group, automatically terminating negotiations between the buyer and others of the plurality of seller in the mutually exclusive group.

13. A computer-implemented method for facilitating a transaction between a buyer and a seller via a network, the method comprising:

enabling the buyer to generated a shopping list identifying a plurality of products associated with the seller, each entry in the shopping list corresponding to one of the plurality of products;

identifying the shopping list as a mutually exclusive group in response to receiving input from the buyer via the network, the mutually exclusive group including each entry in the shopping list;

enabling the buyer to negotiate substantially simultaneously with the seller for the plurality products in the mutually exclusive group via the network; and

when an agreement is reached between the buyer and the seller for a first one of the plurality products in the mutually exclusive group, automatically terminating negotiations between the buyer and the seller for others of the plurality of plurality of products in the mutually exclusive group.