Computerized transaction bargaining system

Details Computerized transaction bargaining system Computerized transaction bargaining system

2006-10-13

2010-11-09

Dunham, Jason (Department: 3625)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Electronic shopping

C705S027200, C705S035000, C705S080000

Reexamination Certificate

active

07831480

ABSTRACT:
A method and system for automated bargaining is disclosed. The method and system are used in testing non-equal values in normal rounds for satisfaction of a condition. If the condition is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round condition. If the power round condition is satisfied, a binding bargained payment is calculated. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic agreement document generation.

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