Inventors:
James D. Burchetta - New York NY, US
Charles S. Brofman - Waccabuc NY, US
Assignee:
Cybersettle.com, Inc. - New York NY
International Classification:
G06F017/60
Abstract:
A method and system for automated dispute resolution is disclosed. The method and system are used in testing non-equal values in normal rounds for satisfaction of a condition. If the condition is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round condition. If the power round condition is satisfied, a binding settlement payment is calculated. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic settlement document generation.