Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping
Reexamination Certificate
2011-06-13
2011-12-06
Airapetian, Mila (Department: 3625)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Electronic shopping
Reexamination Certificate
active
08073744
ABSTRACT:
A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.
REFERENCES:
patent: 2005/0278244 (2005-12-01), Yuan
http://proquest.umi.com/pqdweb?did=4709832&sid=2&Fmt=3&clientld=19649&RQT=309&VName=PQD; The electronic auctioning of servicing; McCarthy, Gene; Mortgage Banking. Washington: Dec. 1994. vol. 55, Iss. 3; p. 95, 3 pgs.
International Preliminary Report on Patentability PCT/US/2010/025794.
Frohwein Robert James
Petralia Kathryn Tison
Airapetian Mila
Kabbage, Inc.
Muskin & Cusick LLC
LandOfFree
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