William P Cornell

US Patent:

7783555, Aug 24, 2010

Filed:

Dec 11, 2003

Appl. No.:

10/733700

Inventors:

Matthew F. Ackley - Rowley MA, US
William J. Cornell - Boston MA, US

Assignee:

eBay Inc. - San Jose CA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35

Abstract:

A method, apparatus, and system are provided for declining auction with interest rate bidding. According to one embodiment, an interest rate may be set for a transacted financial instrument, and information regarding the financial instrument and an interest rate at which the financial instrument is offered are published via a computer network. Offers from respective bidders to transact the financial instrument may be received, via the computer network, being expressed as offered interest rates at which the bidders are willing to transact the financial instrument. On the termination of a bid receiving process, whether at least one of the offers satisfies transaction criteria, as defined by a seller of the financial instrument, may be determined. If it is determined that at least one of the offers satisfies the transaction criteria, then at least one of the offers may be identified as an accepted offer.

US Patent:

8015103, Sep 6, 2011

Filed:

Feb 22, 2010

Appl. No.:

12/710294

Inventors:

Matthew F. Ackley - Rowley MA, US
William J. Cornell - Boston MA, US

Assignee:

eBay Inc. - San Jose CA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35

Abstract:

A method and system are provides for an auction with interest rate bidding. The system receives a starting interest rate and a maximum interest rate for an interest-paying (IP) item at a computer. The system publishes the IP item for sale at the starting interest rate, initiates a declining auction and receives bids in the declining auction for the IP item. The system terminates the declining auction based on a predetermined period of time and identifies one or more bids that respectively include an interest rate that is lower than the maximum interest rate. Finally, the system selects a lowest interest rate bid from the one or more bids as a winning bid.

Address:

18 Mulberry Ln, Pelham, NH 03076

Phone:

6038648069

VIN:

1D7RV1GT6AS114689

Make:

DODGE

Model:

RAM PICKUP 1500

Year:

2010

Author:

William A. Cornell

ISBN #:

0931992214

Author:

William A. Cornell

ISBN #:

0931992443

Author:

William A. Cornell

ISBN #:

0931992532

Author:

William Kenneth Cornell

ISBN #:

0208009477

Author:

William Kenneth Cornell

ISBN #:

0404532209

Author:

William F. Cornell

ISBN #:

0881634360