System and method for verifying bidding price

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

Reexamination Certificate

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C705S026100, C705S027100

Reexamination Certificate

active

07953647

ABSTRACT:
Potential bidding errors may be detected using a computer-implemented method comprising receiving a proposed bid for an auction item, the auction item having a current bid and a minimum bid increment, the proposed bid being greater than the sum of the current bid and the minimum bid increment. The method then determines a threshold value, the threshold value being greater than the sum of the current bid and a minimum bid increment. When the proposed bid is greater than the threshold value, then the method validates the proposed bid using the current bid and the proposed bid to provide a validation result. Additional apparatus, systems, and methods are disclosed.

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Active Network Approach to Design of Secure Online Auction Systems, Shihada, B., Mar. 2001, Dalhousie University, Halifax, Nova Scotia.

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