Method and system for processing and transmitting electronic reverse auction information
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United States of America Patent
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Nov 11, 2003
Grant Date -
N/A
app pub date -
Jun 14, 1999
filing date -
Dec 24, 1998
priority date (Note) -
In Force
status (Latency Note)
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Abstract
In order to conduct an electronic reverse auction, a computer system has a post means for posting product description information across a network, a bidding means for submitting a plurality of bids, proposals, and means for transmitting other information about goods and bidders. A means for evaluating the bids by a select criteria and a security means is also provided.
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