License plate trading system and method
First Claim
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1. A method of trading a license plate, comprising:
- receiving information about a license plate from a seller;
storing the license plate information in a database;
presenting license plate information to at least one prospective buyer;
recording at least one prospective buyer'"'"'s desire to purchase the license plate;
notifying the seller and the prospective buyer;
receiving payment from the prospective buyer; and
receiving confirmation that the license plate has been transferred to the buyers, said confirmation comprising information originating from a state or federal agency.
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Abstract
A system and methods through which a person to whom a license plate is issued may trade and transfer rights in the license plate with another person, preferably a resident of the same state. The present invention sets up a marketplace through which such trading can be performed, including providing escrow and other such services for buyers and sellers as necessary to effect such a transaction.
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Citations
20 Claims
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1. A method of trading a license plate, comprising:
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receiving information about a license plate from a seller; storing the license plate information in a database; presenting license plate information to at least one prospective buyer; recording at least one prospective buyer'"'"'s desire to purchase the license plate; notifying the seller and the prospective buyer; receiving payment from the prospective buyer; and receiving confirmation that the license plate has been transferred to the buyers, said confirmation comprising information originating from a state or federal agency. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A license plate trading system, comprising:
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a database; a license plate information collection device communicatively coupled to the database; a license plate information display device communicatively coupled to the database; a buyer payment processing device communicatively coupled to the database; a license plate transfer confirmation device communicatively coupled to the database and configured to receive license plate transfer confirmation information originating from a state or federal agency; and
,a seller payment processing device communicatively coupled to at least the buyer payment processing device, and configured to send payment after said receipt of said transfer confirmation information. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification