Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Including point of sale terminal or electronic cash register
Patent
1996-09-04
1998-08-11
Tarcza, Thomas H.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Including point of sale terminal or electronic cash register
705 26, 380 49, 380 23, 380 25, G06F 1520
Patent
active
057942072
ABSTRACT:
The present invention is a method and apparatus for effectuating bilateral buyer-driven commerce. The present invention allows prospective buyers of goods and services to communicate a binding purchase offer globally to potential sellers, for sellers conveniently to search for relevant buyer purchase offers, and for sellers potentially to bind a buyer to a contract based on the buyer's purchase offer. In a preferred embodiment, the apparatus of the present invention includes a controller which receives binding purchase offers from prospective buyers. The controller makes purchase offers available globally to potential sellers. Potential sellers then have the option to accept a purchase offer and thus bind the corresponding buyer to a contract. The method and apparatus of the present invention have applications on the Internet as well as conventional communications systems such as voice telephony.
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Jorasch James A.
Schneier Bruce
Walker Jay S.
Brandt Jeffrey L.
Laufer Pinchus M.
Tarcza Thomas H.
Walker Asset Management Limited Partnership
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