Patent EA-002785-B1 (EA)
Title: Computerized dispute resolution system and method
Inventor: BURCHETTA JAMES D
IPC: G06Q50/18
Filed: 1999-08-06
Abstract: t and second values, at least one predetermined cr1. A computer executable method for dispute resolureater of the first and second values. 165. The system of Claim 150 or 151 wherein the predetermined criteria is that the pair of values must be within a fixed percentage of each other. 166. The systelurality of settlement offers from a second party for the Claim; c) preventing disclosure of the demands to the second party, and preventing disclosure of the settlement offers to the first party; d) calculating differences between the demands and the settlement offers in rounds, each of the differell cause the proxy to provide the payment value for the Claim to at least one adverse entity even thne settlement offer being unequal in value; e) detatisfied. 167. The system of Claim 165 wherein the pair of values is the first and second values, at least one predetermined criteria is satisfied andnsmitting a message to the first party and the secsecond values. 168. The system of Claim 165 whereie differences do not fall within the predetermined criteria, transmitting a message that the Claim has not been resolved. 2. The method of Claim 1 whed second values. 169. The system of Claim 165 wherein the pair of values is the first and second values, at least one predetermined criteria is satisfied and the payment value is a function of the fir limiting the plurality of settlement offers which or 151 wherein the predetermined criteria is a fixed spread value. 171. The system of Claim 150 or he parties to specify a maximum number of rounds. tween one of the values in the pair of values and another of the values in the pair of values. 172. The system of Claim 152 further including a time iThe method of Claim 1 wherein all settlement offers are received before any of the demands are recei least one of the first or second values. 173. Thebetween at least two parties using monetary demands and settlement offers, comprising: receiving an engagement request from a first party to engage an wherein the first and second values are withdrawa and to be bound by a resolution of the Claim transmitted from the automated dispute resolution syste system of Claim 152 further including an entity nd party to engage the automated dispute resolutioayment values and Claim specific information. 176.east three monetary demands from the first party; receiving a series of at least three settlement of77. The system of Claim 150 or 151 further including an exposure calculator. 178. The system of Claiy; maintaining inaccessibility of the settlements n an object oriented programming language. 179. The system of Claim 178 wherein the object oriented programming language includes JAVAScript. 180. The system of Claim 150 or 151 wherein the first value is one of a plurality of sequentially submitted determined guideline; if, in the first round, the first difference is within the predetermined guideline, transmitting a successful dispute resolution notification to the first party and the second pa wherein the program is further structured to utilize another of the plurality of sequentially subming a second demand of the series of monetary demanin place of the first value and another of the plurality of sequentially submitted second values, specified by the second entity, in place of the secoffer is within the predetermined guideline; if, inat least one predetermined criteria is not satisfied for the first and second values. 181. The system of Claim 180 wherein each of the plurality of fi party and the second party; if, in the second rouing to a specified order. 182. The system of Claimermined guideline, comparing a third demand of thelimit, which provides the program execution limits as many in number as the proxy can accept the paierence between the third monetary demand and the third settlement offer is within the predetermined tem of Claim 180 wherein the plurality of first values submitted by the first entity is two. 185. Thransmitting a successful dispute resolution notifiayment calculator which, when at least one predete The method of Claim 8, wherein if, in ail of the first, second and third rounds, the first, second and third differences are not within the predetermined guideline, transmitting an unsuccessful dispute resolution signal to said first party and said used at least one predetermined criteria to be satisfied. 187. The system of Claim 185 wherein the formula is the greater of the pair of values which caused at least one predetermined criteria to be satisfied. 188. The system of Claim 180 further including an entity searchable database including datClaim 10 further comprising: calculating the settllaim 188 wherein the data includes geographic information for each settled Claim. 190. The system of Claim 186 wherein the data includes a monetary amof Claim 11 wherein the calculating also uses the settlement offer. 13. The method of Claim 8 whereiunication link over which the entity searchable database can be accessed by an entity prior to submitting an offer or a demand. 192. The system of Clalating a payment value for the Claim from a pair of values used in the round for which the successfu80 wherein the first plurality of values are offerand storing the payment value in an engaging party accessible database. 14. The method of Claim 8 wherein in the first round the first difference is ncond value is one of a plurality of sequentially sfurther comprising rendering the first monetary debmitted values being inaccessible to the entity th the automated dispute resolution system for the second round. 15. The method of Claim 14 wherein inreturning of the result indicator constitutes a round. 195. A system comprising: a first value, submr comprising rendering the second monetary demand and the second settlement offer unavailable to the automated dispute resolution system for the thirdespect to a Claim, the first value being inaccessithird round the third difference is not within theg inaccessible to the first entity, the first value and the second value being different in magnitude from each other; a computer for settling a dispute comprising  an input connectable to an on-line im 10 wherein the settlement amount is a median of one demand and one settlement offer. 18. The metho receive and temporarily store values received from the input; a processor connected to the memory;method of Claim 8 wherein the predetermined guideling structured to, when executed by the processor, demand differ from each other by less than a fixed amount. 20. The method of Claim 19 wherein the fe application of at least one predetermined criterwherein the fixed amount is a calculated amount reues in a normal round and, when the result indicator indicates that at least one predetermined criteria is not satisfied in the normal round, the program being further structured to perform a power rod percentage of a single demand. 23. The method of Claim 22 wherein the predetermined percentage is eria to the power round pair of values and, when aermined percentage is 80%. 25. The method of Claimast one predetermined power round criteria is satisfied, provide a power round payment value for the settlement offers. 26. The method of Claim 8 wher the output, and in which the computer for settlins received before one of the series of three monetary demands. 27. An automated method of settling a dispute between adverse parties involving monetary values submitted by the adverse parties comprising: receiving an engagement request from a first entity to engage an automated dispute resolution syetermined criteria and the predetermined power round criteria are different. 198. The system of Claim 195 wherein the predetermined criteria and at lecation from a second entity, adverse to the first  same. 199. A system comprising: a proxy including an input, an output and a computer executable program; a facilitator including a plurality of non-revealing entity prompts; a first value, submitted ving a series of at least two monetary demands andd on line by a second entity, the first and secondving a series of at least two settlement offers from the second entity; maintaining inaccessibility  the second entity and the second value being inaccessible to the first entity, the first value and s from the first entity; comparing a first demand  each other, at least one of the first value and ttlement offer in a first round to determine if a first difference between the first monetary demand irst entity or the second entity of an entity promrmined guideline; if, in the first round, the first difference is within the predetermined guideline, transmitting a successful dispute resolution notam being structured to, when executing, accept a pair of values from adverse entities via the input and return a result indicator to the proxy based u a second demand of the series of monetary demands with a second settlement offer in a second round the program being further structured to provide a payment value for the Claim to at least one of theer is within the predetermined guideline; if, in tndicator indicates that the predetermined criteria is satisfied, and  in which the proxy processes the first value and the second value using the compntity and the second entity; if, in the second rousult indicator. 200. A system comprising: a proxy including an input, an output and a computer execuower round by comparing the power round demand of en an entity first enters a dispute for resolution into the system to identify the entity as an initffers, to determine if a power round difference between the power round demand and the one settlement offer is within a predetermined power round guidy; a second value submitted on line by a second entity, the first and second entities being adverse d guideline, transmitting a successful dispute resolution notification to the first entity and the second entity. 28. The method of Claim 27 wherein, if in any round, the successful dispute resolutiondifferent in magnitude from each other; wherein th