The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 12, 2011
Filed:
Nov. 16, 2000
Sharon Greener, Rumson, NJ (US);
Mark Higgins, New York, NY (US);
Effie Konstantine Anagnostopoulos, New York, NY (US);
Paul Young, New York, NY (US);
Dan Rothman, New York, NY (US);
John Godfrey, London, GB;
Mel Gunewardena, New York, NY (US);
Sharon Greener, Rumson, NJ (US);
Mark Higgins, New York, NY (US);
Effie Konstantine Anagnostopoulos, New York, NY (US);
Paul Young, New York, NY (US);
Dan Rothman, New York, NY (US);
John Godfrey, London, GB;
Mel Gunewardena, New York, NY (US);
Goldman Sachs & Co., New York, NY (US);
Abstract
The present invention contemplates a risk management system for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sales risk management system facilitates a transaction by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency risk management system can receive an amount relating to a deliverable involved in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred.