Method for optimizing a business transaction
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United States of America Patent
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May 1, 2007
Issued Date -
N/A
app pub date -
Aug 27, 2002
filing date -
Aug 27, 2002
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system for coordinating business transactions between multiple vendors of consumer products, referred to herein as selling vendors and shipping vendors. This system includes an electronic device for allowing a consumer to access a selling vendor's website, at least one server connected to the selling vendor's website for receiving purchase-related information from the consumer and sending and receiving information to and from the system, at least one server connected to the shipping vendor's business network for receiving and sending communications from and to the system, and a transaction coordination hub connected to the selling vendor's server and the shipping vendor's server for coordinating transactions between the selling vendor and the shipping vendor. The transaction coordination hub further includes a catalog subcomponent for storing detailed vendor-related data and a transaction coordinator software subcomponent for coordinating transactions between the selling vendors and the shipping vendors.
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