Transaction Arbiter System and Method
AssigneeJorge Maass
InventorJorge Arturo Maass
Life of this patent
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Abstract
A transaction arbiter system and method is disclosed which incorporates a merchant function database under control of a transaction arbiter that permits merchants to interact in an automated way with bids generated by other merchants. Rather than utilizing fixed price schedules as taught by the prior art, the present invention permits each merchant to define a set of functions which describe how the merchant will respond to a customer request-for-quote for a given product or service. These merchant functions interact with both the customer request-for-quote and the results of other merchant to functions to generate a dynamic real-time bidding system which integrates competition among merchant bidders to achieve an optimal consumer price for a given product or service.
Claims8
An improved mobile communication device to implement a wide range of mobile software applications at remote points of activity via at least one high-speed mobile cellular data communication network, comprising:
- a device housing;
- an interactive display screen generating at least one user interface;
- at least part of a communication exchange architecture;
- at least one stored mobile software applications relative to location based transactions on a product or service;
- a plurality of integrated data processing components;
- a plurality of integrated data capturing components;
- and
- a plurality of integrated communication components operatively connected to the at least one high-speed mobile cellular data communication network;
- said integrated communication components and said communication exchange architecture configured for improving the quality, speed and capacity of data processing and data transmission by implementing a plurality of integrated communication methodologies including the at least one high-speed mobile cellular data communication network;
- the at least one high-speed mobile cellular data communication network configured for simultaneous two way transmission of data to and from a remote server system;
- said improved multifunctional mobile communication device performing a method comprising:
- (a) downloading via the at least one high-speed mobile cellular data communication network a plurality of mobile software applications;
- (b) downloading via the at least one high-speed mobile cellular data communication network mobile software application updates and system updates;
- (c) capturing data via one or more of the integrated data capturing components;
- (d) processing data via one or more of the integrated data processing components via one or more integrated mobile software applications;
- (e) exchanging connectivity between the multifunctional mobile communication device and a remote server system implementing one or more of a plurality of wireless communication methodologies including the at least one high-speed mobile cellular communication network;
- (f) connecting the multifunctional mobile communication device via one or more of its integrated communication components with the remote server system via the at least one high-speed mobile cellular communication network;
- (g) transmitting from the multifunctional mobile communication device data captured and processed by one or more of the integrated data capturing and processing components to the remote server via the at least one high-speed mobile cellular data communication network;
- and
- (h) receiving by the multifunctional mobile communication device from the remote server system via the at least one high-speed mobile cellular data communication network a result generated by the remote server system.
Dependencies are inferred from the claim text.