Bidding for telecommunications traffic and billing for service

Abstract

Telecommunication switches (e.g., PBX's or local exchange carrier's Centrex-enabled switches) route calls in accordance with economic incentives (e.g., least cost routing) resulting from a bidding process between participating telecommunication Carriers (Carriers) by operation of a central processor, a computer referred to as a bidding moderator (Moderator). Each of the Carriers bidding for traffic over a route informs the Moderator of the rate it is willing to charge for (or other economic incentive it is willing to offer) service between two specific points in a telecommunication network, for example, from one NPA-NXX to another NPA-NXX, at some particular time. This 'bid' rate may be lower than that Carrier's established rate for any of several reasons (e.g., the Carrier has excess capacity on that route at that time). The Carrier may change its bids as often as it likes during the day as traffic patterns change. The Moderator collects this bid information from all the Carriers, processes the bid information and transmits carrier selection information to subscribing switches. Bid information is also transmitted to participating Carriers' network management centers. From the list of all Carriers providing bid information to the Moderator, each Subscriber can select those Carriers to which it wants traffic routed and can change that selection at any time.