342results about How to "Reduce transaction costs" patented technology

A methodology, system and business model are disclosed for facilitating a fully automated buyer's auction in which the major types of transaction costs are significantly reduced by providing the buyer and the sellers with near-perfect information about one another, including information about buyer preferences and competing sellers' offers. The system implements a buyer's auction with multidimensional bidding that minimizes market intelligence, search, bargaining and transaction execution costs and thus creates more competitive, frictionless markets. Buyers and sellers can efficiently conduct the buyer's auction within a unified environment, thereby minimizing buyer integration costs as well. The buyer's auction generates commercially marketable proprietary information and a revenue stream for the auctioneer providing such a service.

A system and method for merchant function assumption of Internet checking and savings account transactions enables a service provider to take over all merchant type transactions and provide a merchant, such as an Internet merchant, with an approved order and appropriate credit for the transaction. A service provider server receives an electronic check or a payment instruction for the merchant from a customer. The payment instruction includes, for example, the originator's digital certificate and payment and purchase information, including the originator's checking or savings account number. The payment instruction is automatically sent to a customer's bank's server, which confirms the availability of funds for the payment. A confirmation of the availability of funds is automatically sent to the merchant, and a credit for the payment is automatically sent to the merchant's account. In addition, the service provider can consolidate order and settlement transactions, which saves transaction costs for the merchant.

An apparatus and method of automatically and anonymously buying and selling positions in fungible properties between subscribers. The specific embodiment described in the disclosure relates to the buying and selling of securities or contracts where the offer to purchase or sell the property may be conditioned upon factors such as the ability to purchase or sell other property or the actual purchase or sale of other property. Specifically, the system described includes methods by which the system will sort and display the information available on each order, methods by which the system will match buy and sell order and attempt to use other markets to effect the execution of transactions without violating conditions set by the subscriber, methods by which the apparatus will execute transaction and report prices to third parties such that the user is satisfied and short sales are reported as prescribed by the rules and regulations of the appropriate regulatory body governing each subscriber in the associated transaction. A communication system is described which allows subscribers to communicate anonymously for the purpose of effecting transactions in such property under such conditions.

A field asset for use in a machine to machine environment that includes a plurality of field assets in communication with a remote transaction processing server may comprise a card reader and an extended function adapter (EFA). The card reader may detect a cashless payment card presented to the card reader and the EFA may facilitate a cashless transaction in response to presentment of the cashless payment card to the card reader. The EFA may be operable to locally authorize the cashless transaction based on locally stored transaction information if said field asset lacks connectivity to the remote transaction processing server and may further be operable to remotely authorize the cashless transaction based on remotely stored transaction information if the field asset has connectivity to the remote transaction processing server.

Methods for securitizing and facilitating the securitization of the pawned assets of a pawnshop to enable the pawnshop to obtain a greater amount of funding at reduced rates and to tap into sources of financing in addition to traditional markets. The pawnshop can sell the pawned assets to a first entity to obtain immediate funding, which the first entity can obtain directly or indirectly from other entities in transactions involving a secured financial instrument. Depending on the transactions used, either on-balance sheet or off-balance sheet treatment for the pawnshop of the pawned assets and related liabilities is possible.

The invention provides a block-chain-based financial product transaction consensus method, node and system. The method comprises: a first verification node receives a transaction consensus applicationsent by a transaction node and decrypts the transaction consensus application to obtain transaction information; the transaction certificate is verified by using a transaction certificate preset in the first verification node to determine whether transaction is legal or not; if so, the transaction information is logically verified by using a smart contract preset in the first verification node and whether the transaction logic is legal is determined; if so, the smart contract corresponding to the transaction information is executed, the transaction information is broadcasted to all second verification nodes in a built-in verification node list of the first verification node and a transaction consensus decision is initiated; voting information fed back by the second verification nodes within a preset verification cycle is received and whether the proportion of the consensus of the voting information exceeds a preset threshold is determined; and if so, a transaction consensus message issent to the transaction node.

This invention provides methods and systems for trading and investing in groups of demand-based adjustable-return contingent claims, and for establishing markets and exchanges for such claims. (FIG. 2, item 262, 263, 264, 265) The advantages of the present invention, as applied to the derivative securities and similar financial markets, include increased liquidity, reduced credit risk, improved information aggregation, increased price transparency, reduced settlement or clearing costs, reduced hedging costs, reduced model risk, reduced event risk, increased liquidity incentives, improved self-consistency, reduced influence by market makers, and increased ability to generate and replicate arbitrary payout distributions. In addition to the trading of derivative securities, the present invention also facilitates the trading of other financial-related contingent claims; non-financial-related contingent claims such as energy, commodity, and weather derivatives; traditional insurance and reinsurance contracts; and contingent claims relating to events which have generally not been readily insurable or hedgeable such as corporate earnings announcements, future semiconductor demand, and changes in technology.

Methods and systems for trading and replicating contingent claims, such as derivatives strategies, in a demand-based auction are described. In one embodiment, a set of demand-based claims, each of which can be a vanilla option or a digital option, approximate or replicate the contingent claim into a vanilla replicating basis or a digital replicating basis, and the order for the contingent claim is then evaluated or processed in the demand-based auction. In another embodiment, a plurality of strikes and a plurality of replicating claims are established for a demand-based auction on an event, one or more replicating claims striking at each of the strikes in the auction. A contingent claim, such as a derivatives strategy, is replicated with a replication set that includes one or more of the replicating claims in the auction. The equilibrium price and/or the payout for the derivatives strategy is determined as a function of the demand-based valuation of each of the replicating claims in the replication set. For a customer order requesting a number of a certain derivatives strategy in the demand-based auction and a limit price per derivatives strategy, the premium of the customer order is determined as a product of the equilibrium price for the derivatives strategy and a filled number of derivatives strategies for the order, each determined as a function of the demand-based valuation of each of the replicating claims in the demand-based auction.

The invention discloses a cloud sale electronic commerce trading method and system. The method comprises the steps that: a supplier logs in a network server to publish product information through a supplier terminal network; when a consumer transfers to any micro store in the network server from a URL (Uniform Resource Locator) link and/or a two-dimensional code of the user through a consumer terminal and buys a corresponding product; the network server records user information on the product transaction micro store and the user information on a superior micro store of the micro store, and the network server generates order information and a payment page and feeds back to the consumer terminal and the supplier terminal; the network server pays the payment to the suppliers in a set period respectively after the consumer confirms receipt, and pays the commission to the user of the product transaction micro store and the user of the superior micro store of the micro store according to a preset proportion. According to the method and the system, the product promotion cost and the transaction risk and cost of the supplier enterprise are reduced, and the working efficiency and the success rate of transaction are improved.

A method of forming an exchange traded fund (ETF) can include the steps of identifying an investor investment need, identifying funds that can be combined together to meet the investment goal, combining the identified funds to form a macro portfolio and converting the macro portfolio into an ETF. The step of converting the macro portfolio into an ETF can include one or more of generating a set of securities that, when combined, create a portfolio that tracks the performance of the macro portfolio, and constricting an index that is designed to track the performance of the macro portfolio. Other investment vehicles can be formed.

This invention relates to methods and systems for reducing transaction costs and minimizes turnover in the trading of futures contracts. The invention further describes an algorithm whose output is a unique method of investing in futures contracts that reduces the rate of turnover, and thus the cost of trading, of certain common trading strategies. The primary application of this method is to a class of strategies referred to as indexing strategies that incorporate a dynamic asset allocation approach using futures contracts.

In a telecommunications system where the price of communications is established by the network operator ("the seller") in accordance with actual or predicted demand in such fine increments that it becomes "dynamic" from the user's perspective because the prices vary to such a high degree that individual users ("buyers") are unable to execute a rational economic decision without incurring prohibitively high transaction costs. The present invention provides a method to reduce the transaction costs of such a system by determining and storing individual users' "threshold prices" for a variety of communications and circumstances. By comparing the network operator's offered price for the communication with the user's pre-determined threshold price, and executing a decision automatically based on the results of the comparison, the invention significantly reduces the transaction costs to the user and network operator to the point where dynamic pricing becomes viable and beneficial for both the seller and buyer.