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System for processing product information in support of commercial transactions

  • US 7,765,127 B2
  • Filed: 12/04/2001
  • Issued: 07/27/2010
  • Est. Priority Date: 04/25/2001
  • Status: Active Grant
First Claim
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1. A system for processing product information for supporting commercial transactions, comprising:

  • a first database for maintaining product information including product description, product vendor and associated vendor product pricing information;

    a data processor for receiving product information and for updating said first database information to incorporate received product information including product sales data and contract sales terms of a vendor in response to detection of matching records between said received product information and said first database information; and

    an interface processor for communicating updated product price information to a system derived based on said product sales data and contract sales terms of said vendor in response to user command.

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