Kiet Hoang Nguyen

US Patent:

20070136179, Jun 14, 2007

Filed:

Dec 14, 2005

Appl. No.:

11/304230

Inventors:

Kiet Nguyen - Hayward CA, US

International Classification:

G06Q 40/00

US Classification:

705037000, 705038000

Abstract:

Reverse auction services are provided by processing a user logon request. If the user selects a buy transaction, these reverse auction services include providing a buy transaction service to the user. If the user selects a sell transaction, these reverse auction services include a sell transaction service. The buy transaction service includes permitting the user to submit a buy transaction without entering an initial bid price. In another example, the sell transaction service may include using a user interface having a bid price field for receiving a pricing format that includes a non-realized value portion. In a further example, the pricing format may further include a realized value portion. In yet another further example, a user who has previously submitted a buy transaction that is currently pending may cancel that buy transaction even if a valid bid has been submitted for the buy transaction.