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HK1048529A1 - Method and system for managing and conducting a network auction - Google Patents

Method and system for managing and conducting a network auction Download PDF

Info

Publication number
HK1048529A1
HK1048529A1 HK02108522.8A HK02108522A HK1048529A1 HK 1048529 A1 HK1048529 A1 HK 1048529A1 HK 02108522 A HK02108522 A HK 02108522A HK 1048529 A1 HK1048529 A1 HK 1048529A1
Authority
HK
Hong Kong
Prior art keywords
financial institution
auction
account
accounts
sellers
Prior art date
Application number
HK02108522.8A
Other languages
Chinese (zh)
Inventor
Elder Richard
Original Assignee
Citicorp Credit Services Inc.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Citicorp Credit Services Inc. filed Critical Citicorp Credit Services Inc.
Publication of HK1048529A1 publication Critical patent/HK1048529A1/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/08—Auctions

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Theoretical Computer Science (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Finance (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Computer Security & Cryptography (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

There is described a method and system for managing Internet auction transactions by creating an auction website (18) by, for example, a financial institution. The auction website (18) is accessible by the financial institution's account holders (e.g., holders of checking, savings, credit card, and investment accounts). Thus, all buyers (14) and sellers (10) in auction transactions on the auction site, for example, have accounts with the financial institution, with settlements (22) occurring between the accounts of the users at the financial institution. Payments are debited from the buyer's account(s) with a credit going to the account of the seller, less any fees. All charges occur internally, so no interchange is owed, for example, to a card association in connection with a transaction. Financial institution customers benefit from the system in that buyers and sellers are authenticated and settlement occurs almost instantaneously.
HK02108522.8A 1999-07-09 2000-07-07 Method and system for managing and conducting a network auction HK1048529A1 (en)

Applications Claiming Priority (3)

Application Number Priority Date Filing Date Title
US14302199P 1999-07-09 1999-07-09
US60/143,021 1999-07-09
PCT/US2000/018582 WO2001004816A1 (en) 1999-07-09 2000-07-07 Method and system for managing and conducting a network auction

Publications (1)

Publication Number Publication Date
HK1048529A1 true HK1048529A1 (en) 2003-04-04

Family

ID=22502248

Family Applications (1)

Application Number Title Priority Date Filing Date
HK02108522.8A HK1048529A1 (en) 1999-07-09 2000-07-07 Method and system for managing and conducting a network auction

Country Status (6)

Country Link
EP (1) EP1208505A4 (en)
AR (1) AR024692A1 (en)
AU (1) AU6076100A (en)
CA (1) CA2378546A1 (en)
HK (1) HK1048529A1 (en)
WO (1) WO2001004816A1 (en)

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US8494956B2 (en) 1999-10-26 2013-07-23 The Western Union Company Internet funds transfer system using ATM pickup
US6814282B2 (en) 1999-10-26 2004-11-09 First Data Corporation Systems and methods of introducing and receiving information across a computer network
US7104440B2 (en) 1999-10-26 2006-09-12 First Data Corporation Money transfer systems and methods for travelers
US7664703B2 (en) 1999-10-26 2010-02-16 The Western Union Company Value transfer systems and methods
US7593898B1 (en) 1999-12-30 2009-09-22 First Data Corporation Method and system for payment transactions and shipment tracking over the internet
US7376587B1 (en) 2000-07-11 2008-05-20 Western Union Financial Services, Inc. Method for enabling transfer of funds through a computer network
US7177836B1 (en) 1999-12-30 2007-02-13 First Data Corporation Method and system for facilitating financial transactions between consumers over the internet
WO2002005195A1 (en) 2000-07-11 2002-01-17 First Data Corporation Wide area network person-to-person payment
US7613653B2 (en) 1999-12-30 2009-11-03 First Data Corporation Money order debit from stored value fund
US7366695B1 (en) 2000-02-29 2008-04-29 First Data Corporation Electronic purchase method and funds transfer system
US7516100B1 (en) 2000-05-12 2009-04-07 The Western Union Company Method and system for transferring money in business-to-business internet transactions
US7949600B1 (en) 2000-06-27 2011-05-24 Western Union Financial Services, Inc. Method for facilitating payment of a computerized transaction
US7398252B2 (en) 2000-07-11 2008-07-08 First Data Corporation Automated group payment
US6922673B2 (en) 2000-12-15 2005-07-26 Fist Data Corporation Systems and methods for ordering and distributing incentive messages
US7003479B2 (en) 2000-12-15 2006-02-21 First Data Corporation Systems and methods for ordering and distributing incentive messages
US7266533B2 (en) 2000-12-15 2007-09-04 The Western Union Company Electronic gift greeting
US7130817B2 (en) 2000-12-15 2006-10-31 First Data Corporation Electronic gift linking
US7627528B2 (en) 2001-01-17 2009-12-01 Xprt Ventures, Llc System and method for effecting a real-time payment for an item won on an electronic auction
US7610244B2 (en) 2001-01-17 2009-10-27 Xprt Ventures, Llc System and method for effecting payment for an item offered for an electronic auction sale
US7567937B2 (en) 2001-01-17 2009-07-28 Xprt Ventures, Llc System and method for automatically effecting payment for a user of an electronic auction system
US7483856B2 (en) 2001-01-17 2009-01-27 Xprt Ventures, Llc System and method for effecting payment for an electronic auction commerce transaction
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US7165052B2 (en) 2001-03-31 2007-01-16 First Data Corporation Payment service method and system
US7103577B2 (en) 2001-03-31 2006-09-05 First Data Corporation Systems and methods for staging transactions, payments and collections
US9853759B1 (en) 2001-03-31 2017-12-26 First Data Corporation Staged transaction system for mobile commerce
US7117183B2 (en) 2001-03-31 2006-10-03 First Data Coroporation Airline ticket payment and reservation system and methods
US7184989B2 (en) 2001-03-31 2007-02-27 First Data Corporation Staged transactions systems and methods
US7107249B2 (en) 2001-03-31 2006-09-12 First Data Corporation Electronic identifier payment systems and methods
JP2003030438A (en) * 2001-07-13 2003-01-31 Hitachi Ltd Loan application processing method in e-commerce system
US8374962B2 (en) 2001-10-26 2013-02-12 First Data Corporation Stored value payouts
US8244632B2 (en) 2001-10-26 2012-08-14 First Data Corporation Automated transfer with stored value
US6670569B2 (en) 2001-11-08 2003-12-30 First Data Corporation Mail handling equipment and methods
US7596529B2 (en) 2002-02-13 2009-09-29 First Data Corporation Buttons for person to person payments
US7487127B2 (en) 2002-03-27 2009-02-03 First Data Corporation Merchant cash payment systems and methods
US8554614B2 (en) 2002-06-10 2013-10-08 First Data Corporation Methods and systems for bulk activation of multiple, disparate stored value accounts
US8370205B2 (en) 2003-10-28 2013-02-05 First Data Corporation System for activation of multiple cards
EP1535217A4 (en) 2002-06-11 2006-06-21 First Data Corp Value processing network and methods
US10395484B2 (en) 2002-08-20 2019-08-27 The Western Union Company Multi-purpose kiosk and methods
US8032452B2 (en) 2002-11-06 2011-10-04 The Western Union Company Multiple-entity transaction systems and methods
US7571140B2 (en) 2002-12-16 2009-08-04 First Data Corporation Payment management
US7003493B2 (en) 2003-01-22 2006-02-21 First Data Corporation Direct payment with token
US20040215574A1 (en) 2003-04-25 2004-10-28 First Data Corporation Systems and methods for verifying identities in transactions
US8160933B2 (en) 2003-04-30 2012-04-17 Ebay Inc. Method and system to automate payment for a commerce transaction
US7831519B2 (en) 2003-12-17 2010-11-09 First Data Corporation Methods and systems for electromagnetic initiation of secure transactions
US7707110B2 (en) 2004-05-04 2010-04-27 First Data Corporation System and method for conducting transactions with different forms of payment
US7219832B2 (en) 2004-06-17 2007-05-22 First Data Corporation ATM machine and methods with currency conversion capabilities
US7917395B2 (en) 2004-09-28 2011-03-29 The Western Union Company Wireless network access prepayment systems and methods
US8152054B2 (en) 2004-10-19 2012-04-10 The Western Union Company Money transfer systems and methods
US7641109B2 (en) 2005-05-18 2010-01-05 The Western Union Company Money transfer cards, systems and methods
US7813982B2 (en) 2004-11-08 2010-10-12 First Data Corporation Unit-based prepaid presentation instrument accounts and methods
US8672220B2 (en) 2005-09-30 2014-03-18 The Western Union Company Money transfer system and method
US7392940B2 (en) 2005-05-18 2008-07-01 The Western Union Company In-lane money transfer systems and methods
US7354004B2 (en) 2005-08-23 2008-04-08 The Western Union Company Presentation instrument display and activation systems and methods
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US8818904B2 (en) 2007-01-17 2014-08-26 The Western Union Company Generation systems and methods for transaction identifiers having biometric keys associated therewith
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US8565723B2 (en) 2007-10-17 2013-10-22 First Data Corporation Onetime passwords for mobile wallets
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US8346611B2 (en) 2009-04-21 2013-01-01 First Data Corporation Systems and methods for pre-paid futures procurement
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Also Published As

Publication number Publication date
EP1208505A4 (en) 2002-10-23
WO2001004816A1 (en) 2001-01-18
CA2378546A1 (en) 2001-01-18
AU6076100A (en) 2001-01-30
AR024692A1 (en) 2002-10-23
EP1208505A1 (en) 2002-05-29

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