Patent ID: 7689516

Claim:
An automated method capable of multiple rounds for settling a dispute among adverse parties comprising: receiving at least one demand submitted by a claimant and at least one corresponding offer submitted by a second entity for a claim in a round by round manner in accordance with a t least one preselected criterion agreed to by the claimant and the second entity, the at least one preselected criterion including at least one criterion enabling a settlement when the demand is greater than the offer; the at least one demand and the at least one corresponding offer being different from each other; calculating a settlement payment of a specified value to be paid to the claimant to settle the case and automatically providing the settlement payment to the claimant by: (a) crediting a payment card account registered to the claimant for the specified amount; (b) crediting an affinity program account registered to the claimant according to the specified amount; or (c) electronically initiating issuance of an insurance product for the settlement amount, wherein a computer automatically executes each round in accordance with the at least one preselected criterion.