Patent ID: 6151588
Filing Date: 2000-11-21
Classification: G06Q

Abstract:
A method of facilitating trade in goods and/or services, comprising the steps of:storing, in a data processing system, offer data representing an offer to trade goods or services including overt and hidden terms;transmitting, by means of the data processing system, overt terms data representing the overt terms of the offer to trade to at least one party;inputting in the data processing system response data representing a response from the at least one party to the transmitted overt terms data; andcomparing, by means of the data processing system, the response data with the offer data representing the overt and hidden terms of the offer to produce term compliance data indicating whether the response data are in compliance with the overt and hidden terms of the offer;storing data indicative of the establishing a contract for said goods and/or services based on the term compliance data; andproducing payment guaranty data in the data processing system in response to the term compliance data, the payment guaranty data representing a payment guaranty to the seller for payment under the contract.