System and method for implementing a recurrent bidding process
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Jan 12, 2010
Grant Date -
N/A
app pub date -
May 4, 2006
filing date -
May 4, 2006
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system and method for implementing a recurrent bidding process is disclosed. According to one embodiment, a method for implementing a recurrent bidding process to dispose of a portfolio of consumer debts may comprise the steps of: offering the portfolio of consumer debts in an initial bidding among a plurality of potential buyers to identify a first buyer and a second buyer, wherein the first buyer is the highest bidder in the initial bidding and is allocated a first portion of the portfolio, and wherein the second buyer is the next highest bidder in the initial bidding and is allocated a second portion of the portfolio; maintaining the allocation of the portfolio of consumer debts between the first buyer and the second buyer for a first time period; designating a portion of the portfolio as an at-risk volume for a second time period; offering the at-risk volume in a second bidding between the first buyer and the second buyer, wherein the highest bidder in the second bidding is allocated the at-risk volume; and maintaining the resulting allocation of the portfolio of consumer debts between the first buyer and the second buyer for the second time period.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully