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Title: US5794207: Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
[ Derwent Title ]

Country: US United States of America

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40 pages

 
Inventor: Walker, Jay S.; Ridgefield, CT
Schneier, Bruce; Oak Park, IL
Jorasch, James A.; Stamford, CT

Assignee: Walker Asset Management Limited Partnership, Stamford, CT
other patents from WALKER ASSET MANAGEMENT LIMITED PARTNERSHIP (739505) (approx. 43)
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Published / Filed: 1998-08-11 / 1996-09-04

Application Number: US1996000707660
IPC Code: Advanced: G06Q 10/00; G06Q 20/00; G06Q 30/00; G07F 9/02;
Core: more...
IPC-7: G06F 15/20;

ECLA Code: G06Q10/00A; G06Q20/00; G06Q20/00K1; G06Q20/00K2B; G06Q20/00K3B; G06Q20/00K4C; G06Q30/00A; G06Q30/00C; G07F9/02;

U.S. Class: Current: 705/001; 705/026; 705/077; 705/080;
Original: 705/023; 705/026; 380/049; 380/023; 380/025;

Field of Search: 395/226,227,237,238,239,244 380/023,24,25,49 705/026,27,37,38,39,44,1,5,6

Priority Number:
1996-09-04  US1996000707660

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.

Attorney, Agent or Firm: Morgan & Finnegan LLP ; Brandt, Jeffrey L. ;

Primary / Asst. Examiners: Tarcza, Thomas H.; Laufer, Pinchus M.
Maintenance Status: CC Certificate of Correction issued

INPADOC Legal Status: Show legal status actions          Buy Now: Family Legal Status Report

Designated Country: AL AM AP AZ BA BB BG BY CA CU CZ EE GE GH HU IS KE KG KP KR KZ LC  AT BE CH DE DK ES FI FR GB GR IE IT 

Family: Show 95 known family members
First Claim:
Show all 44 claims		 What is claimed:     1. A method for using a computer to facilitate a transaction between a buyer and at least one of sellers, comprising:
  • inputting into the computer a conditional purchase offer which includes an offer price;
  • inputting into the computer a payment identifier specifying a credit card account, the payment identifier being associated with the conditional purchase offer;
  • outputting the conditional purchase offer to the plurality of sellers after receiving the payment identifier;
  • inputting into the computer an acceptance from a seller, the acceptance being responsive to the conditional purchase offer; and
  • providing a payment to the seller by using the payment identifier.
    •


Background / Summary: Show background / summary

Drawing Descriptions: Show drawing descriptions

Description: Show description

Forward References: Show 648 U.S. patent(s) that reference this one

       
U.S. References: Go to Result Set: All U.S. references   |  Forward references (648)   |   Backward references (10)   |   Citation Link

Buy
PDF		 Patent  Pub.Date  Inventor Assignee   Title
Buy PDF- 17pp US4247759  1981-01 Yuris et al.  Cubic Western Data Self-service passenger ticketing system
Buy PDF- 59pp US4449186  1984-05 Kelly et al.  Cubic Western Data Touch panel passenger self-ticketing system
Buy PDF- 15pp US4553222  1985-11 Kurland et al.   Integrated interactive restaurant communication system for food and entertainment processing
Buy PDF- 26pp US4789928  1988-12 Fujisaki  Flex Japan Inc. Auction information transmission processing
Buy PDF- 52pp US4799156  1989-01 Shavit et al.  Strategic Processing Corporation Interactive market management system
Buy PDF- 28pp US4903201  1990-02 Wagner  World Energy Exchange Corporation Automated futures trading exchange
Buy PDF- 30pp US5021953  1991-06 Webber et al.  Travelmation Corporation Trip planner optimizing travel itinerary selection conforming to individualized travel policies
Buy PDF- 53pp US5168446  1992-12 Wiseman  Telerate Systems Incorporated System for conducting and processing spot commodity transactions
Buy PDF- 17pp US5191613  1993-03 Graziano et al.   Knowledge based system for document authentication
Buy PDF- 118pp US5557518  1996-09 Rosen  Citibank, N.A. Trusted agents for open electronic commerce
       
Foreign References: None

Other Abstract Info: DERABS G1998-193843 DERABS G2000-270258 DERABS G2001-157972

Other References:
  • Raymond T. Nimmer, "Electronic Contracting: Legal Issues," 14 J. Marshall J. Computer & Info. L. 211 (1996).
  • American Law Institute, Draft-Uniform Commercial Code Revised Article 2 (Sales), Parts 2, 3, and 7, pp. 1-15, Jan. 4, 1996, printed from http://www.kentlaw.edu/ulc/uniform/uccart2/chapt2/ucc2c237.html.
  • Richard E. Speidel & Lee A. Schott, "Impact of Electronic Contracting on Contract Formation Under Revised UCC Article 2, Sales," C878 ALI-ABA 335, Dec. 9, 1993.
  • Jeffrey B. Ritter, "Scope of the Uniform Commercial Code: Computer Contracting Cases and Electronic Commercial Practices," 45 Bus. Law. 2533 (Aug. 1990). (25 pages) Cited by 21 patents
  • Laura Del Rosso, "Marketel Says it Plans to Launch Air Fare `Auction` in June," Travel Weekly, Apr. 29, 1991.
  • Jeff Pelline, "Travelers Bidding on Airline Tickets; SF Firm Offers Chance for Cut-rate Fares," San Francisco Chronicle, Section A4, Aug. 19, 1991.
  • Michael Schrage, "An Experiment in Economic Theory; Labs Testing Real Markets," The Record Section B1, Nov. 26, 1989.
  • Laura Del Rosso, "Ticket-Bidding Firm Closes it Doors," Travel Weekly, Mar. 12, 1992.
  • Fran Golden, "AAL's Riga Doubts Marketel's Appeal to Retailers," Travel Weekly, Nov. 13, 1989.
  • Robert Kuttner, "Computers May Turn the World into One Big Commodities Pit," Business Week, Sep. 11, 1989.
  • "Web Ventures Presents BookIt!" press release printed from http://www.webventures.com/bookit/ (Web Ventures World Wide Web site) on Dec. 2, 1996.


    • Continuity Data:
    Application Number Filed Notes
    US1996000707660 1996-09-04  is a related to the prior publication
         US20020178071A1 issued 2002-11-28  SETTLEMENT SYSTEMS AND METHODS WHEREIN A BUYER TAKES POSSESSION AT A RETAILER OF A PRODUCT PURCHASED USING A COMMUNICATION NETWORK
    US2007000930893 2007-10-31  is a division of
    US2004000821255  2004-04-08   (pending)
         US20040243478A1 issued 2004-12-02   Purchasing, redemption, and settlement systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US2006000426809 2006-06-27  is a continuation of
    US2004000821255  2004-04-08   (pending)
         US20040243478A1 issued 2004-12-02   Purchasing, redemption, and settlement systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US2006000426799 2006-06-27  is a continuation of
    US2004000821255  2004-04-08   (pending)
         US20040243478A1 issued 2004-12-02   Purchasing, redemption, and settlement systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US2006000426786 2006-06-27  is a continuation of
    US2004000821255  2004-04-08   (pending)
         US20040243478A1 issued 2004-12-02   Purchasing, redemption, and settlement systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US2004000940853 2004-09-14  is a continuation of
    US2000000672066  2000-09-28   (abandoned)
    US2004000940853 2004-09-14  is a continuation in part of
    US2000000526907  2000-03-16   (pending)
    US2005000088084 2005-03-23  is a continuation of
    US2000000518495  2000-03-03   (abandoned)
         US20020156659A1 issued 2002-10-24   Method and apparatus for the sale of airline-specified flight tickets
    12572993   is a continuation of
    US1999000443158  1999-11-18
         US7620619 issued 2009-11-17   Conditional purchase offer management system
    US2004000821255 2004-04-08  is a continuation in part of
    US1999000388723  1999-09-02   (pending)
    US2004000821255   is a continuation in part of
    US1999000388723  1999-09-02   (abandoned)
    US2004000821255 2004-04-08  is a continuation in part of
    US1999000348566  1999-07-07   (pending) [presumed granted]
         US7039603 issued 2006-05-02   Settlement systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US2004000821255   is a continuation in part of
    US1999000348566  1999-07-07   (granted)
         US7039603 issued 2006-05-02   Settlement systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US2004000821255 2004-04-08  is a continuation in part of
    US1999000337906  1999-06-22   (granted)
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000412930   is a continuation in part of
    US1999000337906  1999-06-22   (pending) [presumed granted]
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000388723 1999-09-02  is a continuation in part of
    US1999000337906  1999-06-22   (granted)
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000348566 1999-07-07  is a continuation in part of
    US1999000337906  1999-06-22   (pending) [presumed granted]
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000348566 1999-07-07  is a continuation in part of
    US1999000337906  1999-06-22   (granted)
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000348566   is a continuation in part of
    US1999000337906  1999-06-22   (granted)
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000348566   is a continuation in part of
    US1999000337906  1999-06-22
         US6754636 issued 2004-06-22   Purchasing systems and methods wherein a buyer takes possession at a retailer of a product purchased using a communication network
    US1999000388723 1999-09-02  is a continuation in part of
    US1999000337345  1999-06-21   (granted)
         US6404729 issued 2002-06-11   Optical disc
    US1999000348566 1999-07-07  is a continuation in part of
    US1999000337345  1999-06-21   (granted)
         US6404729 issued 2002-06-11   Optical disc
    12390375   is a continuation of
    US1999000252574  1999-02-18
         US7516089 issued 2009-04-07   System and method for allocating business to one of a plurality of sellers in a buyer driven electronic commerce system
    US2000000518495 2000-03-03  is a continuation of
    US1999000238546  1999-01-28   (abandoned)
         US20020161610A1 issued 2002-10-31   METHOD AND APPARATUS FOR THE SALE OF AIRLINE-SPECIFIED FLIGHT TICKETS
    US1997000889319   is a continuation in part of
    US1999000220191     (pending)
    US1996000707660 1996-09-04  is a non-provisional of provisional
    US1999000143490P  1999-07-12
    US2007000861179 2007-09-25  is a division of
    US1998000220191  1998-12-23   (pending) [presumed granted]
         US7386508 issued 2008-06-10   Method and apparatus for facilitating a transaction between a buyer and one seller
    US2006000423498 2006-06-12  is a continuation of
    US1998000219267  1998-12-23   (pending)
    US2006000423493 2006-06-12  is a continuation of
    US1998000219267  1998-12-23   (pending)
    US2004000940853 2004-09-14  is a continuation in part of
    US1998000219267  1998-12-23   (pending)
    US2005000088084 2005-03-23  is a continuation of
    US1998000205787  1998-12-04   (granted)
         US6041308 issued 2000-03-21   System and method for motivating submission of conditional purchase offers
    US2007000861179 2007-09-25  is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US2004000821255   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US1999000388723   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US1999000348566   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US1999000337906 1999-06-22  is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US1999000337906   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US1999000220191   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    09388723   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    09348566   is a continuation in part of
    US1998000190744  1998-11-12   (abandoned)
    US2004000940853 2004-09-14  is a continuation in part of
    US1998000100684  1998-06-19   (pending) [presumed granted]
         US6898570 issued 2005-05-24   Billing statement customer acquistion system
    US1998000219267   is a continuation in part of
    US1998000100684  1998-06-19   (granted)
         US6898570 issued 2005-05-24   Billing statement customer acquistion system
    US1999000388723   is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    US1999000337906 1999-06-22  is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    US1999000337906   is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    US1998000190744 1998-11-12  is a continuation in part of
    US1998000083345  1998-05-22   (pending)
    US1998000190744 1998-11-12  is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    US1998000190744   is a continuation of
    US1998000083345  1998-05-22   (abandoned)
    US1998000190744   is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    09388723   is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    09348566   is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    09337906   is a continuation in part of
    US1998000083345  1998-05-22   (abandoned)
    US2007000861179 2007-09-25  is a continuation in part of
    US1998000058840  1998-04-13   (pending) [presumed granted]
         US7472074 issued 2008-12-30   Method and apparatus for a commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1998000190744   is a continuation in part of
    US1998000058840  1998-04-13   (pending) [presumed granted]
         US7472074 issued 2008-12-30   Method and apparatus for a commercial network system designed to facilitate buyer-driven conditional purchase offers
    12276982   is a continuation of
    US1998000058840  1998-04-13
         US7472074 issued 2008-12-30   Method and apparatus for a commercial network system designed to facilitate buyer-driven conditional purchase offers
    US2007000861179 2007-09-25  is a continuation in part of
    US1997000997170  1997-12-22   (granted)
         US6356878 issued 2002-03-12   Conditional purchase offer buyer agency system
    US1999000220191   is a continuation in part of
    US1997000997170  1997-12-22
         US6356878 issued 2002-03-12   Conditional purchase offer buyer agency system
    US2004000940853 2004-09-14  is a continuation in part of
    US1997000994426  1997-12-19   (granted)
         US6694300 issued 2004-02-17   Method and apparatus for providing supplementary product sales to a customer at a customer terminal
    US1998000219267   is a continuation in part of
    US1997000994426  1997-12-19   (granted)
         US6694300 issued 2004-02-17   Method and apparatus for providing supplementary product sales to a customer at a customer terminal
    US1998000100684 1998-06-19  is a continuation in part of
    US1997000982149  1997-12-01   (granted)
         US6196458 issued 2001-03-06   Method and apparatus for printing a billing statement to provide supplementary product sales
    US1998000205824 1998-12-04  is a continuation in part of
    US1997000969875  1997-11-14   (abandoned)
    US1998000219267 1998-12-23  is a continuation of
    US1997000943483  1997-10-03   (abandoned)
    US1998000219267 1998-12-23  is a continuation in part of
    US1997000943483  1997-10-03   (abandoned)
    US1998000205824 1998-12-04  is a continuation in part of
    US1997000943483  1997-10-03   (pending)
    US1998000205787 1998-12-04  is a continuation in part of
    US1997000943483  1997-10-03   (abandoned)
    US2007000861179 2007-09-25  is a continuation in part of
    US1997000943266  1997-10-03   (granted)
         US6418415 issued 2002-07-09   System and method for aggregating multiple buyers utilizing conditional purchase offers (CPOS)
    US1997000997170   is a continuation in part of
    US1997000943266  1997-10-03
         US6418415 issued 2002-07-09   System and method for aggregating multiple buyers utilizing conditional purchase offers (CPOS)
    US2007000861179 2007-09-25  is a continuation in part of
    US1997000923683  1997-09-04   (granted)
         US6553346 issued 2003-04-22   Conditional purchase offer (CPO) management system for packages
    US1998000205824 1998-12-04  is a continuation in part of
    US1997000923683  1997-09-04   (pending) [presumed granted]
         US6553346 issued 2003-04-22   Conditional purchase offer (CPO) management system for packages
    US1997000943483 1997-10-03  is a continuation in part of
    US1997000923683  1997-09-04   (granted)
         US6553346 issued 2003-04-22   Conditional purchase offer (CPO) management system for packages
    US1997000943266   is a continuation in part of
    US1997000923683  1997-09-04   (pending) [presumed granted]
         US6553346 issued 2003-04-22   Conditional purchase offer (CPO) management system for packages
    US1998000205824 1998-12-04  is a continuation in part of
    US1997000923524  1997-09-04   (pending) [presumed granted]
         US6484153 issued 2002-11-19   System and method for managing third-party input to a conditional purchase offer (CPO)
    US1997000994426 1997-12-19  is a continuation in part of
    US1997000920116  1997-08-26   (granted)
         US6119099 issued 2000-09-12   Method and system for processing supplementary product sales at a point-of-sale terminal
    US1999000337906 1999-06-22  is a continuation in part of
    US1997000889503  1997-07-08   (granted)
         US6249772 issued 2001-06-19   Systems and methods wherein a buyer purchases a product at a first price and acquires the product from a merchant that offers the product for sale at a second price
    US1999000337345 1999-06-21  is a continuation in part of
    US1997000889503  1997-07-08   (granted)
         US6249772 issued 2001-06-19   Systems and methods wherein a buyer purchases a product at a first price and acquires the product from a merchant that offers the product for sale at a second price
    US1998000083345   is a continuation in part of
    US1997000889503  1997-07-08
         US6249772 issued 2001-06-19   Systems and methods wherein a buyer purchases a product at a first price and acquires the product from a merchant that offers the product for sale at a second price
    US2007000861179 2007-09-25  is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US2004000821255   is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1999000443158   is a continuation of
    US1997000889319  1997-07-08
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1999000388723   is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1999000348566   is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1999000337906 1999-06-22  is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1999000252574   is a continuation in part of
    US1997000889319  1997-07-08
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1998000205824 1998-12-04  is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1998000058840   is a continuation in part of
    US1997000889319  1997-07-08
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1997000923683 1997-09-04  is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1997000889503   is a continuation in part of
    US1997000889319  1997-07-08
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    09388723   is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    09348566   is a continuation in part of
    US1997000889319  1997-07-08   (granted)
         US6085169 issued 2000-07-04   Conditional purchase offer management system
    US1999000238546 1999-01-28  is a division of
    US1997000889304  1997-07-08   (granted)
         US5897620 issued 1999-04-27   Method and apparatus for the sale of airline-specified flight tickets
    US1997000920116 1997-08-26  is a continuation in part of
    US1997000822709  1997-03-21   (granted)
         US6267670 issued 2001-07-31   System and method for performing lottery ticket transactions utilizing point-of-sale terminals
    US2007000861179 2007-09-25  is a continuation in part of
    >US1996000707660<  1996-09-04   (granted)
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1998000205824 1998-12-04  is a continuation in part of
    >US1996000707660<  1996-09-04   (granted)
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1998000190744 1998-11-12  is a continuation of
    >US1996000707660<  1996-09-04   (granted)
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1998000190744 1998-11-12  is a continuation in part of
    >US1996000707660<  1996-09-04   (granted)
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1998000058840   is a continuation of
    >US1996000707660<  1996-09-04
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1997000889319 1997-07-08  is a continuation in part of
    >US1996000707660<  1996-09-04   (granted)
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1997000889319   is a continuation in part of
    >US1996000707660<  1996-09-04
         US5794207 issued 1998-08-11 1998-08-11  Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1997000889319   is a continuation of
    >US1996000707660<  1996-09-04
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
    US1997000889319   is a continuation in part of
    >US1996000707660<  1996-09-04
         US5794207 issued 1998-08-11   Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers


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