Patent ID: 6260024
Filing Date: 2001-07-10
Classification: G06Q

Abstract:
A computer based method for facilitating a transaction between at least two buyers, an intermediate, and at least one seller, comprising:receiving at the intermediate a forward purchase order for at least one item from at least two buyers, said intermediate having a central controller;forwarding a purchase stipulation from the central controller to the at least two buyers responsive to the submitted forward purchase order;upon receiving an acceptance of said purchase stipulation, aggregating said forward purchase order to orders of like kind in a pool to form a pooled purchase order;making the pooled purchase order including conditions of said pool to at least one seller;receiving a bid from at least one seller;verifying said bid with conditions of said pool;if conditions of said pool are satisfied, binding the seller to said intermediate and storing said bid in seller database;selecting a best bid from said database to determine a selected seller; andforwarding confirmations of sale to the at least two buyers and the selected seller.