Computer auction system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Jul 24, 2001
Grant Date -
N/A
app pub date -
Mar 9, 1999
filing date -
Aug 26, 1996
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
An auction system is disclosed which allows users to participate using their own computers suitably connected to the auction system. Preferably, this connection uses INTERNET. The invention involves a method and system for providing rapid feedback of a reverse auction process and removes the user from the process once an indication to purchase has been received. Rapid feedback in combination with security of information is achieved with the method and auction system.
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