Method to provide liquid funds in the online auction and...

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

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

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.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Method to provide liquid funds in the online auction and... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method to provide liquid funds in the online auction and..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method to provide liquid funds in the online auction and... will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-4313730

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.