Secure, objective online exchange, confirmation and...

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

Reexamination Certificate

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Details

C705S038000

Reexamination Certificate

active

07634440

ABSTRACT:
The present invention provides a method for facilitating a trade between a buyer and a seller of a product, the seller offering a product for sale at a predetermined price; the buyer purchasing the product; determining buyer's sufficient currency status or insufficient currency status. If the buyers account has a sufficient currency status, holding monies in an amount equal to the predetermined price are transferred into a holding account; requiring the seller to verify the date of receipt of the monies; requesting the seller to verify the shipping status of the product within a shipping confirmation response time frame; requesting the buyer to verify the receipt status of the product within a receipt confirmation response time frame; and assigning a conduct value to the buyer and seller.

REFERENCES:
patent: 6341353 (2002-01-01), Herman et al.

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