Patents by Inventor Michael Lemberg

Michael Lemberg 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).

  • Method and a system for settlement of trading accounts
    Patent number: 7515697
    Abstract: A method of settling accounts of buyers and sellers of telecommunication services by an online exchange system includes storing data representing a financial account of at least one seller and at least one buyer, wherein the financial account includes at least one of accounts receivable and cash receipts. A service node receives an offer to sell the services from the at least one seller and requests to buy the services from the at least one buyer. The service node then matches the offers and requests in accordance with one or more parameters specified in the offers and requests. A route table is generated based on the routes specified in the matched offers and requests and a switch node is configured based on the route table. Fees are computed based on the usage of the matched routes and the financial accounts of the at least one seller and at least one buyer based on the computed fees.
    Type: Grant
    Filed: April 1, 2004
    Date of Patent: April 7, 2009
    Assignee: Arbinet-thexchange, Inc.
    Inventors: Chi Eng, Michael Lemberg, Alexander Mashinsky, Guillermo Bodnar, David Sumka
  • Method and a system for settlement of trading accounts
    Publication number: 20040243503
    Abstract: A method of settling accounts of buyers and sellers of telecommunication services by an online exchange system includes storing data representing a financial account of at least one seller and at least one buyer, wherein the financial account includes at least one of accounts receivable and cash receipts. A service node receives an offer to sell the services from the at least one seller and requests to buy the services from the at least one buyer. The service node then matches the offers and requests in accordance with one or more parameters specified in the offers and requests. A route table is generated based on the routes specified in the matched offers and requests and a switch node is configured based on the route table. Fees are computed based on the usage of the matched routes and the financial accounts of the at least one seller and at least one buyer based on the computed fees.
    Type: Application
    Filed: April 1, 2004
    Publication date: December 2, 2004
    Applicant: Arbinet-thexchange, Inc.
    Inventors: Chi Eng, Michael Lemberg, Alexander Mashinsky, Guillermo Bodnar, David Sumka
  • Method and a system for settlement of trading accounts
    Patent number: 6731729
    Abstract: A method settling accounts of buyers and sellers of telecommunications services by an online exchange system includes storing data representing a financial account of at least one seller and at least one buyer, wherein the financial account includes at least one of accounts receivable and cash receipts. A service node receives an offer to sell the services from the at least one seller and requests to buy the services from the at least one buyer. The service node then matches the offer and requests in accordance with one or more parameters specified in the offers and requests. A route table is generated based on the routes specified in the matched offers and requests and a switch node is configured based on the route table. Fees are computed based on the usage of the matched routes and the financial accounts of the at least one seller and at least one buyer based on the computer fees.
    Type: Grant
    Filed: November 29, 2001
    Date of Patent: May 4, 2004
    Assignee: Arbinet-thexchange, Inc.
    Inventors: Chi Eng, Michael Lemberg, Alexander Mashinsky
  • Method and a system for settlement of trading accounts
    Publication number: 20020101967
    Abstract: A method settling accounts of buyers and sellers of telecommunications services by an online exchange system includes storing data representing a financial account of at least one seller and at least one buyer, wherein the financial account includes at least one of accounts receivable and cash receipts. A service node receives an offer to sell the services from the at least one seller and requests to buy the services from the at least one buyer. The service node then matches the offer and requests in accordance with one or more parameters specified in the offers and requests. A route table is generated based on the routes specified in the matched offers and requests and a switch node is configured based on the route table. Fees are computed based on the usage of the matched routes and the financial accounts of the at least one seller and at least one buyer based on the computer fees.
    Type: Application
    Filed: November 29, 2001
    Publication date: August 1, 2002
    Inventors: Chi Eng, Michael Lemberg, Alexander Mashinsky