# US 2013/0159130 A1 · Method of Electronically Conducting Virtual Exchange Under Negotiation of Goods and Services in a System Over a Communication Network

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- Number: US 2013/0159130 A1
- Document ID: US20130159130A1
- Status: Published application
- Kind: A1
- Application number: 13/528,117
- Filed: 2012-06-20
- Published: 2013-06-20
- Earliest claimed: 2011-06-30
- Assignees: Vas Data Services Private Limited
- Inventors: Vivek GAUR; Sandeep SHARMA
- Web page: https://patentgrep.com/patent/US20130159130A1

## CPC

- G06Q 30/0611: {Request for offers or quotes}
- 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

## Abstract

The invention relates to a method of electronically conducting virtual exchange under negotiation of goods and services in a system over a communication network, the system comprising: web server displaying the detailed data in respect of exchangeable commodity or services; a hand-held device enabled to access the web server via internet, the device having at least one input means, a processor, and a display means; and a client node configured to communicate in real time through the web-server with the hand-held device, the method comprising the steps of inputting a base data by the hand0-held device via the internet, the data representing selection of one a commodity and service; the features including price of the Selected Commodity or product displayed on the web server transmitted to the hand-held device in the form of animated characters; transmitting an offered price data to the client node through the web Server by the hand-held device, determining the acceptability or otherwise of the offered price of the client node and retransmitting via the web server the result of said determination to the hand-held device; and transferring the commodity or services under the agreed condition upon selection of settlement terms on consideration criterion to the user of the hand-held device by the user of the client node.

## Claims

### Claim 1

A method of electronically conducting virtual exchange under negotiation of goods and services in a system over a communication network, the system comprising:
a web server displaying detailed data in respect of exchangeable commodity or services;
a hand-held device enabled to access the web server via internet, the device having at least one input means, a processor, and a display means; and
a client node configured to communicate in real time through the web server with the hand-held device, the method comprising the steps of:
inputting a base data by the hand-held device via the internet, the data representing selection of one of a commodity and service, wherein
features include price of the selected commodity or product displayed on the web server transmitted to the hand-held device in the form of animated characters;
transmitting an offered price data to the client node through the web server by the hand-held device;
determining an acceptability or otherwise of the offered price by the client node and retransmitting via the web server a result of said determination to the hand-held device; and
transferring the commodity or services under an agreed condition upon selection of settlement terms on consideration criterion to a user of the hand-held device by a user of the client node.

### Claim 2 (depends on 1)

The method as claimed in claim 1, wherein the hand-held device is a mobile device.

### Claim 3 (depends on 1)

The method as claimed in claim 1, wherein when the determination of the offered data is not acceptable to the client node, a rejection communication is transmitted to the hand-held device.

### Claim 4 (depends on 1)

The method as claimed in claim 1, wherein a pre-defined number of offered data can be transmitted for determination by the client node in a specified period.

### Claim 5 (depends on 1)

The method as claimed in claim 1, wherein the hand-held device is initially logged-on to the web server based on identification data, and wherein the client device upon authentication of the identification data transmits a transaction code to the hand-held device.

### Claim 6

(canceled)