Patent ID: 6731729
Filing Date: 2004-05-04
Classification: H04M

Abstract:
A method of settling accounts of buyers and sellers of telecommunications services by an online exchange system, comprising the steps of:storing data representing a financial account of at least one seller; storing data representing a financial account of one or more buyers, the financial account comprising at least one of account receivable and cash receipt; receiving by the server node offers to sell telecommunications services from the at least one seller of telecommunications services, each of the offers including one or more parameters specifying at least an origination point and a destination point of a route, and price information associated with the route; receiving by the server node requests to buy telecommunications services from buyers of telecommunications services, each of the requests including one or more parameters specifying at least an origination point and a destination point of a route, and price information associated with the route; matching by the server node the sellers' offers to the buyers' requests according to the one or more parameters specified in the sellers' offers and the buyers' requests; generating a route table comprising the routes specified in the matched offers and requests; configuring a switch node to route telecommunications traffic from the buyers based on the route table; computing fees incurred by each of the buyers based on usage of the matched routes; and adjusting respective financial accounts of the at least one seller and the buyers by an amount computed based on the buyers' usage of the matched routes.