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Patent MarketPlace: E-Commerce Patents for Sale

Interactive, User-Customized, Internet Advertising (Vinja): Five U.S. Patents

The same business model has existed since KDKA went on the air as the first commercial radio station back in 1920. The business is supported by on-air advertising. When WNBT was the first commercial television station to go on the air in 1941, it used the same business model. The only problem with this business model and technology is that everyone hears or sees the same ad. Ads for tires have little appeal to viewers who have new cars and do not need tires. Ads for home improvements are wasted on renters. Cosmetic ads are of no interest to men. Ads for beer are wasted on non-drinkers. And so on and so on. Today’s Internet advertisers face the same challenge – getting the right ads in front of the right people, and avoiding putting an ad in front of a viewer who has no need and no interest in the product being advertised.

This cutting-edge patent portfolio addresses this 100-year-old dilemma by creating technology that uses megadata to gain insights to the viewing audience, then fully customizes the advertising messages to match them to the precise interests of each specific viewer.

Patent Portfolio

This portfolio would be a strategic acquisition for any Internet advertiser or supplier of Internet advertising technologies, and would enable the acquirer of this portfolio to leapfrog all current, available technologies.

Electronic Telephone Wallet (Poltorak Technologies): U.S. Patent No. 7,996,268

We’ve all been there. We are making a purchase online or via telephone. We provide our debit card or credit card number. Then the seller needs the security code from the card. OK. And the expiration date. OK. And the billing address for the card. Wait a minute! We thought ordering online or via telephone was supposed to be easy. Seems like we are providing a lot of information to people we do not know!

This patent replaces supplying all of that sensitive data with an electronic wallet that is incorporated into a cell phone or other smart device. This electronic wallet stores data on the owner’s credit and debit cards – the account numbers, security codes, expiration dates, and billing addresses. When the Electronic Telephone Wallet owner goes to make a purchase, the wallet communicates directly with the seller – either over the telephone or over the Internet – and it quickly, easily, safely, accurately, and securely provides the data needed to complete the transaction. The Electronic Telephone Wallet communicates with the seller via a telecommunication network, the Internet, RF signal, satellite communication, optical communication, public switched telephone network, digital communication network, personal communications services (PCS), wireless communications, and/or any other communication network or system or combination.

U.S. Patent No. 7,996,268 for an “Apparatus and method for an electronic telephone wallet” will enable any merchant services supplier or cell phone operator to provide the next level of convenience and security to its customers.

On-Line Communication and Billing System (Amana Future): International Patent Portfolio

Wouldn’t it be great if there were an online database of verified professionals – consultants, engineers, architects, designers, artists, writers, physicians, dentists and others – that you can go to, select one that you could consult with online, and then have the professional bill you via that website. Think of the time and work and aggravation such a system would save and how many individuals and businesses would benefit?

Well, the technology for just such a business model exists and it is covered by this international portfolio. This portfolio describes an Internet-based directory of vetted professionals that includes each professional’s credentials, the services he or she offers, and each professional’s billing rate. Individuals and businesses register, select a professional, enter into communication with that professional, the client is billed for services rendered through the site, and the site takes a percentage of all fees collected and remits net fees to the professional.

Patent Portfolio

This portfolio creates an international marketplace that matches professional service providers with individuals and businesses that need to ask a question or need advice, and administers billing for the professional’s services to ensure they are paid. The acquirer of this international portfolio will be able to set up an international, online billing service for professionals with patent protection in North America, Europe and Asia through 2032.

Foundational Financial Transaction Security (Svigals): U.S. Patent No. 8,453,223

Millions of financial transactions are conducted each day, and each transaction has to be verified and authenticated. This patent covers a device that receives a request for a transaction from a controlling institute (such as a bank that issues credit cards, a store that issues credit cards, or Discover or American Express or another credit card issuer) and verifies the validity of the transaction. The user is alerted and he or she accepts the request. A one-time identifier is generated that includes a security device ID, a transaction number, and a date and a time stamp. This one-time identifier is communicated to the device that verifies the validity of the security device ID and instructs the device to send a one-time identifier and transaction to the controlling institute for processing. The controlling institute verifies the validity of the one-time identifier and processes the transaction safely and securely.

U.S. Patent No. 8,453,223 for a “Method, device and system for secure transactions” has a 2011 Priority Date and 85 Forward Citations. This patent would be a critical acquisition for any financial institution, credit card company or payment processor.

Secure Payments with Biometric Authentication (BPS): Five U.S. Patents

Processing secure transactions is a greater challenge than ever before, and the use of biometrics to insure a secure transaction is now a common practice. This portfolio covers biometrically securing the use of checks, credit cards, debit cards, and smart cards to authenticate a transaction. If requested, it can transmit both the details of the transaction and biometric data about the user for double verification.

The portfolio covers both in-person (“bricks”) and internet-based (“clicks”) transactions. Included are transactions made with mobile devices as well as the use of third parties to facilitate the transactions as intermediaries between retailers and financial institutions.

Patent No.Patent Title
8,485,442Electronic Transaction Verification System with Biometric Authentication
9,141,951Electronic Transaction Verification System with Biometric Authentication
9,846,875Electronic Transaction Verification System with Biometric Authentication
10,304,054Electronic Transaction Verification System with Biometric Authentication
10,664,834Electronic Transaction Verification System with Biometric Authentication

Acquirers of this portfolio include payment processing services, merchant services providers, large online e-commerce vendors, amusement parks and other paid-attendee venues, contractors involved in fraud reduction, and biometric equipment manufacturers that want to add an extra level of security to all of the transactions they process or authenticate.

Natural Language Processing for Pull Advertising (Richfield): Two U.S. Patents

Imagine being able to reach a prospective buyer for your products and services just when that buyer is ready to make a buying decision! For example, when Jeff mentions that his tires are worn, he learns about a special on tires from your company. Shortly after Sarah mentions that she is considering taking a singles cruise for her upcoming vacation, information about your company’s cruise packages shows up. When Fred expresses a need for dental implants to repair facial injuries he incurred in an auto accident, information about your company’s affordable dental services appears!

Rather than waste time advertising to people who do not need tires, are not thinking vacation, and have no interest in dental implants, why not advertise to just those prospects who are ready to make a buying decision? The technology covered by this portfolio – originally used to diagnose chronic illnesses from heath statements – is far more accurate and selective than the current “bag of words” method, but it has the same computational efficiency. Imagine how much more effective every one of your advertising dollars would be if your marketing only addressed interested prospects for your products and services.

The ability to do exactly this exists, and it is covered by this patent portfolio. It creates a technology that scans forum, blog, and social media postings across the Internet and identifies those who have expressed a problem – like where to go for a good deal on tires, who offers the best singles cruises, or where to go for dental implants. From the data that is gathered and parsed down to the needs of the user, personalized replies are produced that contain pertinent and useful information about exactly what the prospect is seeking. Replies can be routed through selected intermediaries in a way that establishes a personal relationship between the prospect and the intermediary based on common experiences with the same problem.

Patent No.Title
8,788,263Natural language processing for analyzing internet content and finding solutions to needs expressed in text
9,805,018Natural language processing for analyzing internet content and finding solutions to needs expressed in text

The company that acquires this portfolio will be able to offer its client highly pinpointed and incredibly efficient marketing services with an excellent lead-to-buyer conversion ratio!

Shopper-Friendly E-Commerce Shopping Cart (i-CueDesign): U.S. Patent No. 8,489,920

Everyone who shops online has the same problem. You find something you want to buy, so you click on the “Buy Now” or “Add to Cart” button. After what feels like forever, the “View Cart” page finally pops up showing your product selection. However, if you are not done shopping, you need to get back to the catalog by clicking on the Back Arrow of your browser or the “Continue Shopping” button in the cart. That will take yet more time, and it may – or may not – get you back to where you were! It would seem that 25 years after the launch of the Internet someone would have come up with a better system. Well, someone did. The inventions covered by this portfolio take online shopping to the next level by creating a Shopping Cart that records each purchase selection as it’s made, but does not take the customer off the page where he or she is shopping. The shopper sees an instant graphic message that a product has been added to the Shopping Cart and only goes to the “View Cart” page when he or she is ready to check out. Now isn’t that what every e-commerce website wants: Customers who can shop uninterrupted with no distractions!

U.S. Patent No. 8,489,920 for a “Method and apparatus integrating navigation and saving the writable state of applications” will enable any e-commerce website or online payment processing firm to leapfrog the technology of all of its competitors, and create a next-generation, buyer-friendly shopping experience!

Proactive Identity Theft Prevention (Page): U.S. Patent No. 7,540,021

The fastest-growing crime in America today is identity theft. They even make movies about it. Instead of reacting to identity theft after the crime has occurred, isn’t there a way to proactively seek out and stop identity theft? There is, and it is a patented invention. It is done with a software spider search robot (or “bot”) that searches for and finds transmitted personal information, then turns that data into a bit-keyed (or encrypted) array that cannot betray any information about the user. The bot can search for data along any predefined parameter – for a single individual, for example, or for a defined group such as customers of a specific merchant. The system BOTH pro-actively protects potential victims AND ensnares ID theft perpetrators.

U.S. Patent No. 7,540,021 for "System and Methods for an Identity Theft Protection Bot" would be a critical acquisition for any business in the ID theft protection industry, or any large provider of credit to consumers that wants to offer its customers an added level of security against ID theft. The acquirer of this patent will be able to leapfrog the technology of its competitors and enjoy a strategic competitive advantage. This patent has a 2000 Priority Date, so it precedes virtually all of the anti-ID theft technologies in use today. There is extensive Evidence-of-Use documentation that is available upon request.

Point-of-Sale Consumer Finance Purchase Option (Hills): U.S. Patent No. 8,788,353

This intriguing patent creates an opportunity for consumers purchasing larger ticket items from virtually any retailer or medical facility to have access to instant decisions for alternate financing of their purchase. The system presents the purchaser with an alternative to running up a large balance on his or her credit card. It creates a paperless application that is sent to prime, near-prime and sub-prime lenders. The invention covered by this patent works with credit card terminals or handheld devices, or via the Internet for telephonic or online transactions. This patented technology enables financing sources to reach potential customers at the point of purchase at exactly the time and place that they need financing of a major purchase!

U.S. Patent No. 8,788,353 for a "System and method for presenting a financing instrument at a point of sale" would be a critical acquisition for any business supplying POS equipment or services seeking to differentiate products or services, or short-term financing companies seeking to affordable acquire new borrowers.

Secure Internet Transactions (Svigals): Two U.S. Patents

This portfolio covers an e-commerce or data-exchange secure communication system with multiple advantages:

Patent No.Title
8,453,223Method, device and system for secure transactions
8,806,603Dual device system for secure transactions

This portfolio would be a strategic acquisition for any financial institution, payment processing provider or e-commerce retailer.

Mobile E-Commerce (Wenshine): U.S. Patent No. 7,925,515

This patent covers technology that both improves the purchase process and optimizes security, packet transmission and packet processing when using a portable device. The portfolio introduces an improvement over previously used electronic payment methods, and provides more robust security when making payments via a portable device.

U.S. Patent No. 7,925,515 for a "Method, system and device for enabling the public to access organizations’ directories" would be an ideal acquisition for a cell phone manufacturer, cellular services provider, or payment processor to create a new level of convenience for its customers.

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