Patents by Inventor George Wesley Hedrick

George Wesley Hedrick has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20210042821
    Abstract: A system and method for dynamically discounting trade debt through the use of a forward auction is provided. In one example, a system that allows a seller to auction inventory to a plurality of bidders. According to this embodiment, the system may determine eligibility for acceptance of bids submitted by the bidders and a plurality of bids may be determined to be eligible for acceptance. Further, a margin by which the bids are acceptable may be determined and a representation of the margin may be communicated. In another example, a method is provided for discounting debt using an auction system. According to this embodiment, a seller may configure an auction event with auction parameters, such as hurdle rates, that will best serve the goals of the auction. The seller may alter event parameters while the event is ongoing, thus further enhancing the ability of the seller to meet auction objectives.
    Type: Application
    Filed: October 26, 2020
    Publication date: February 11, 2021
    Inventors: Alexander C. Kemper, Roy E. Owens, George Wesley Hedrick, Peter Thomas, Patricia Iorio, John G. Christopher, Douglas A. Martin
  • Patent number: 10817932
    Abstract: A system and method for dynamically discounting trade debt through the use of a forward auction is provided. In one example, a system that allows a seller to auction inventory to a plurality of bidders. According to this embodiment, the system may determine eligibility for acceptance of bids submitted by the bidders and a plurality of bids may be determined to be eligible for acceptance. Further, a margin by which the bids are acceptable may be determined and a representation of the margin may be communicated. In another example, a method is provided for discounting debt using an auction system. According to this embodiment, a seller may configure an auction event with auction parameters, such as hurdle rates, that will best serve the goals of the auction. The seller may alter event parameters while the event is ongoing, thus further enhancing the ability of the seller to meet auction objectives.
    Type: Grant
    Filed: October 31, 2008
    Date of Patent: October 27, 2020
    Assignee: POLLEN, LLC
    Inventors: Alexander C. Kemper, Roy E. Owens, George Wesley Hedrick, Peter Thomas, Patricia Iorio, John G. Christopher, Douglas A. Martin
  • Publication number: 20100114676
    Abstract: A system and method for dynamically discounting trade debt through the use of a forward auction is provided. In one example, a system that allows a seller to auction inventory to a plurality of bidders. According to this embodiment, the system may determine eligibility for acceptance of bids submitted by the bidders and a plurality of bids may be determined to be eligible for acceptance. Further, a margin by which the bids are acceptable may be determined and a representation of the margin may be communicated. In another example, a method is provided for discounting debt using an auction system. According to this embodiment, a seller may configure an auction event with auction parameters, such as hurdle rates, that will best serve the goals of the auction. The seller may alter event parameters while the event is ongoing, thus further enhancing the ability of the seller to meet auction objectives.
    Type: Application
    Filed: October 31, 2008
    Publication date: May 6, 2010
    Applicant: POLLEN, LLC
    Inventors: Alexander C. Kemper, Roy E. Owens, George Wesley Hedrick, Peter Thomas, Patricia Iorio