Abstract: A method for trading non financial options in a virtual marketplace, including an option seller that provides for trading an option in respect of product or service. The option is associated with option price and option terms including option expiration date. An option buyer provides a buying price. There is further provided the step of calculating option trading, including transferring option ownership to the buyer if the following conditions are met: (i) verifying at least the seller, the buyer and the option, (ii) determining that if the option price matches said buying price, and charging the buyer with an option price.

Abstract: A centralized travel packaging system retrieves available vendor offered travel products from airline, hotel, car rental companies, etc., as well as associated pricing, time restrictions, use restrictions, class, availability, rules, and description(s). Travelers, agents and distributors search the centralized travel packaging system for possible package matches based on the traveler's criteria. The system compiles packages either in advance or interactively with the requestor using an intelligent matching mechanism retained within the centralized travel packaging system. The matching method uses requestor criteria and additional criteria such as geographic distributions, type of product, time considerations, cost, defined restrictions, expert travel packaging knowledge base, and distribution channel limitations to match vendor offered travel products. Upon selection of a package, the system processes the request for purchase to include cost determination, commission schedules and payment.

Abstract: A system and method has been shown in the above embodiments for the effective implementation of electronic negotiating sessions. While various preferred embodiments have been shown and described, it will be understood that there is no intent to limit the invention by such disclosure, but rather, it is intended to cover all modifications and alternate constructions falling within the spirit and scope of the invention, as defined in the appended claims. For example, the present invention should not be limited by software/program, computing environment, specific computing hardware, specific types of suppliers or specific negotiating rules or applications.

Abstract: A system and method that maximizes the revenues of an airline for a selected flight by automatically balancing the consumption of flight tickets between travelers who have different demand curves for the same flight, which is sold out at a given time. The system accepts information from customers who have a high demand for a specific flight, while there are no available tickets that fit their needs (Type A customers), and finds customers that own tickets to the flight, but have lower demand for being on that flight (Type B customers). Based on advanced rules the system offers substitutes to Type B customers for giving away their tickets, and sells it to Type A customers who pay a different price for the tickets than Type B customers.