EP 1208505 A1 20020529 - METHOD AND SYSTEM FOR MANAGING AND CONDUCTING A NETWORK AUCTION
Title (en)
METHOD AND SYSTEM FOR MANAGING AND CONDUCTING A NETWORK AUCTION
Title (de)
VERFAHREN UND SYSTEM ZUR VERWALTUNG UND FÜHRUNG EINER NETZWERKSVERSTEIGERUNG
Title (fr)
PROCEDE ET SYSTEME DE GESTION ET DE CONDUITE D'UNE VENTE AUX ENCHERES SUR RESEAU
Publication
Application
Priority
- US 0018582 W 20000707
- US 14302199 P 19990709
Abstract (en)
[origin: WO0104816A1] There is described a method and system for managing Internet auction transactions by creating an auction website (18) by, for example, a financial institution. The auction website (18) is accessible by the financial institution's account holders (e.g., holders of checking, savings, credit card, and investment accounts). Thus, all buyers (14) and sellers (10) in auction transactions on the auction site, for example, have accounts with the financial institution, with settlements (22) occurring between the accounts of the users at the financial institution. Payments are debited from the buyer's account(s) with a credit going to the account of the seller, less any fees. All charges occur internally, so no interchange is owed, for example, to a card association in connection with a transaction. Financial institution customers benefit from the system in that buyers and sellers are authenticated and settlement occurs almost instantaneously.
IPC 1-7
IPC 8 full level
G06Q 20/00 (2012.01); G06Q 30/00 (2012.01)
CPC (source: EP)
G06Q 20/02 (2013.01); G06Q 20/04 (2013.01); G06Q 30/08 (2013.01)
Designated contracting state (EPC)
AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE
DOCDB simple family (publication)
WO 0104816 A1 20010118; AR 024692 A1 20021023; AU 6076100 A 20010130; CA 2378546 A1 20010118; EP 1208505 A1 20020529; EP 1208505 A4 20021023; HK 1048529 A1 20030404
DOCDB simple family (application)
US 0018582 W 20000707; AR P000103516 A 20000710; AU 6076100 A 20000707; CA 2378546 A 20000707; EP 00947096 A 20000707; HK 02108522 A 20021125