Computerized dispute resolution system and method

An automated method capable of multiple rounds for settling a dispute among adverse parties involving monetary values submitted by adverse parties in a round by round manner comprising:

• evaluating a plurality of paired values for a claim one value being from a first entity and the other value being from a second entity adverse to the first entity in a plurality of rounds;
• determining that none of the plurality of paired values when evaluated round by round satisfies at least one settlement criterion in a given round;
• the at least one settlement criterion including at least one settlement criterion allowing for enabling a settlement when the demand is greater than the offer, and wherein a computer automatedly executes each round in accord with the at least one settlement criterion;
• communicating a settlement message if, in any of the plurality of rounds the evaluation indicates that at least one power round settlement criterion is satisfied;
• and
• calculating a settlement payment of a specified value to be paid to whoever among the first entity or the second entity is to be paid to settle the case.

An automated system for settling disputes between or among adverse parties in a round by round manner, which system is capable of multiple rounds comprising:

• an input connectable to an on-line interface for receipt of values therefrom;
• an output;
• a first value, submitted on line by a first entity via the input;
• a second value submitted on line by a second entity via the input;
• the first and second entities being adverse to each other with respect to a claim, the first value being inaccessible to the first entity, the first value and the second value being different in magnitude from each other;
• memory connected to the input and configured to receive and temporarily store the values received from the input;
• a processor connected to the memory;
• and
• a computer executable program, the program being structured to, when executed by the processor, accept the pair of values from adverse entities and return a specified result indicator that a settlement has or has not been reached in one of the plurality of rounds based upon the application of at least one predetermined criterion to a mathematical comparison of the pair of values in a round by round manner, the at least one preselected criterion including at least one criterion allowing for enabling a settlement when the demand is greater than the offer.

An automated claim dispute resolution system for settling a dispute between or among adverse parties in a round by round manner, which system is capable of multiple rounds comprising:

• a processor for evaluating demands and offers, wherein at least one demand is submitted by a claimant for a claim and at least one corresponding offer is submitted by a second entity adverse to the claimant;
• at least one preselected criterion, agreed to by the claimant and the second entity, which will be applied in a round by round manner, during analysis of the at least one demand and the at least one corresponding offer, to determine if there is a resolution for the claim, the at least one preselected criterion including at least one criterion allowing for enabling a settlement when the demand is greater than the offer;
• a claim dispute resolution program constructed to, when executing on a programmed processor, cause an analysis of numbers in accordance with at least one criterion and calculate claim settlement payments when the criterion is satisfied;
• and
• a programmed processor executing the claim dispute resolution program, to analyze a demand and at least a corresponding offer in a round by round manner in accordance with the at least one preselected criterion and, when the at least one preselected criterion is satisfied, calculate a settlement payment of a specified value to be paid to the claimant to settle the claim.

An automated method capable of multiple rounds for settling a dispute between or among adverse parties in a round by round manner, the method comprising;

• analyzing, using automation, pairs of values in normal rounds according to a first pre-determined criterion, the first criterion including at least one pre-determined criterion enabling a settlement when the demand is greater than the offer, and wherein a computer automatedly executes each round in accord with the at least one settlement criterion, each of the pairs of values including one value provided by a first party and another value provided by a second party adverse to the first party with respect to a claim, the values in each pair of values differing in magnitude from each other;
• determining if the first criterion is satisfied in a round;
• and
• when the first criterion is satisfied, generating a payment to be made on the claim.