Michael Schwankl

Title: Michael Schwankl: Innovator in Transaction Facilitation

Introduction

Michael Schwankl is an accomplished inventor based in Collegeville, PA (US). He has made significant contributions to the field of transaction facilitation, holding 2 patents that showcase his innovative approach to electronic commerce.

Latest Patents

One of Schwankl's latest patents is a method and system of facilitating a transaction via a network-based transaction facility. This invention allows for the recording of a pre-order in a database, receiving multiple offers to sell the item, and automatically performing a matching operation to detect correspondence between the pre-order and the offers. The pre-order is set to a reserve state based on matching offers, pending the establishment of a transaction. Another notable patent is a method and system to facilitate pre-ordering via an electronic commerce facility. This method includes communicating offering information to users and allowing them to specify pre-order attributes. The system automatically matches pre-orders with offers and facilitates the establishment of transactions.

Career Highlights

Throughout his career, Schwankl has worked with notable companies such as Half.com, Inc. and eBay, Incorporated. His experience in these organizations has contributed to his expertise in transaction systems and electronic commerce.

Collaborations

Schwankl has collaborated with talented individuals in his field, including Srinivas Balijepalli and Vadim Geshel. These collaborations have likely enriched his work and led to innovative solutions in transaction facilitation.

Conclusion

Michael Schwankl is a notable inventor whose work in transaction facilitation has made a significant impact on electronic commerce. His patents reflect a deep understanding of user needs and technological capabilities, paving the way for more efficient transaction processes.