CONTEST
Competed
$3,500
This contest is closed.
Problem
Patexia contests ask you to find, submit, and explain references that respond to our research criteria. If you are new, see patent and prior art basics and tips for Patexia's prior art contests, and refer to the submission notes below. The following questions will help you understand specifically what we are looking for in this study. In this contest we are seeking prior art; published examples of an idea or invention before a specific date.
Problem Definition
Patexia seeks prior art for US Patents 7,827,099 (‘099), 8,005,752 (‘752), 8,086,529 (‘529), 8,095,461 (‘461), and 8,396,791 (‘791) - “System and method for assessing and managing financial transactions.” The patents allegedly describe a financial terms alert generation system, comprised of an information retrieval module, a financial terms comparison module, and an alert transmission module.
The basic method of alert generation involves the following steps (see Figure 1).
- Periodically (such as in a batch process or in real-time), a computer system retrieves information and financial terms for a customer’s current, existing vehicle, and a second comparable vehicle.
- The computer system determines whether there have been any changes to the retrieved information since a prior retrieval of information.
- The computer system determines whether the retrieved information (changed or current) suggests that it may be favorable for the customer to replace his current vehicle with a second vehicle, taking into account the equity that the customer has in the first vehicle, dealer incentives, more favorable finance or lease terms, etc…
- If the computer system determines that it may be favorable for the customer to replace his existing vehicle with a second vehicle, an alert is automatically generated and sent to a dealer (who has a relationship with that customer).
Questions
To enter the contest, Patexia’s system will ask you the following questions. Contestants should focus their search by locating sources which answer these questions, and submitting a concise explanation of why the source(s) respond to a particular question. This explanation should specifically indicate where in the reference we can find the required supporting information. If you do not provide adequate explanations on how to locate the desired information in your reference, you will not get credit and will not be eligible for contest prizes.
Entries must answer all contest questions. All sources must be clearly dated or they will not be considered.
- Was the source published before November 25th, 2003?
- If the source was not published before November 25th, 2003, is the source the subject of an issued U.S. patent or published U.S. patent application having an effective filing date before November 25th, 2003?
- Does the source disclose periodically (such as in a batch process or in real-time), retrieving information and financial terms for a customer’s current, existing asset (e.g. vehicle, real estate property, boat, etc…) and a second comparable asset?
- Does the source disclose determining whether there have been any changes to the retrieved information since a prior retrieval of information?
- Does the source disclose determining whether this retrieved information (changed or current) suggests that it may be favorable for a customer to replace his current asset (e.g. vehicle, real estate property, boat, etc…) with a second asset, taking into account the equity that the customer has in the first asset, dealer incentives, more favorable lease or finance terms, etc…?
- Does this source disclose that, if it may be favorable for the customer to replace his existing asset (e.g. vehicle, real estate property, boat, etc…) with a second asset, an alert is automatically generated and sent to a dealer (who has a relationship with that customer)?
- [User Survey Question] Can you provide us with more information regarding your qualifications to enter this contest? (no reference needed, please provide a short list of your relevant background or qualifications.)
- [User Survey Question] Can you provide us with more information regarding the time you spent researching the contests? (no reference needed, please provide an estimate of the time you spent researching this contest.)
- [User Survey Question] Can you provide us with more information regarding the resources and databases you searched for this contest? (no reference needed, please provide a short list of sources that you used to research this contest.)
Questions
| # | Question | Value |
|---|---|---|
| 1 | Was the source published before November 25th, 2003? | 0 |
| 2 | If the source was not published before November 25th, 2003, is the source the subject of an issued U.S. patent or published U.S. patent application having an effective filing date before November 25th, 2003? | 0 |
| 3 | Does the source disclose periodically (such as in a batch process or in real-time), retrieving information and financial terms for a customer’s current, existing asset (e.g. vehicle, real estate property, boat, etc…) and a second comparable asset? | 0 |
| 4 | Does the source disclose determining whether there have been any changes to the retrieved information since a prior retrieval of information? | 0 |
| 5 | Does the source disclose determining whether this retrieved information (changed or current) suggests that it may be favorable for a customer to replace his current asset (e.g. vehicle, real estate property, boat, etc…) with a second asset, taking into account the equity that the customer has in the first asset, dealer incentives, more favorable lease or finance terms, etc…? | 0 |
| 6 | Does this source disclose that, if it may be favorable for the customer to replace his existing asset (e.g. vehicle, real estate property, boat, etc…) with a second asset, an alert is automatically generated and sent to a dealer (who has a relationship with that customer)? | 0 |
| 7 | [User Survey Question] Can you provide us with more information regarding your qualifications to enter this contest? (no reference needed, please provide a short list of your relevant background or qualifications.) | 0 |
| 8 | [User Survey Question] Can you provide us with more information regarding the time you spent researching the contests? (no reference needed, please provide an estimate of the time you spent researching this contest.) | 0 |
| 9 | [User Survey Question] Can you provide us with more information regarding the resources and databases you searched for this contest? (no reference needed, please provide a short list of sources that you used to research this contest.) | 0 |
Additional Notes
Submission Notes
- Submission deadline is 11:59 PM PST on September 27th, 2013.
- If you were referred, the referral prize ($350) will be paid to the referring user from the 80% winner award (see selection criteria and prize distribution).
- Contest entries will be judged based on the number of questions answered correctly and the quality of each question’s explanation, favoring earlier submissions in the event of a tie. Non-winning entries correctly answering all questions will also be considered for a contest prize.
- Entries must be in English.
- You should answer all the questions (yes or no) based on your references and clearly explain supporting information about how each reference supports each question. If you do not provide adequate explanations, you will not get credit and will not be eligible for contest prizes.
- In case you are submitting foreign references, please provide a translation of key sections in the explanation box.
- Please use “Ask a Question” to post general questions or feedback about the contest to the community.
- For specific questions, you can contact us directly by email at contests@patexia.com.
- All submissions are subject to Patexia's contest legal terms. Failure to follow these rules may lead to disqualification from the contest.
Selection Criteria and Prize Distribution Patexia will evaluate each response to ensure each question has been satisfactorily answered. We will determine the contest winner and runners-up based first on the number of correct "yes" responses and second on the order responses were submitted. We will award 80% of the contest prize to the winning submission, and will distribute the remaining 20% among the qualifying runners-up. If the winning entry was referred by another user, a $350 referral prize will be subtracted from the 80% winner's award. Winner selection is based on community responses to Patexia's research questions and does not constitute a legal opinion on patent validity or related litigation.
Known References
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US7392221
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US7571128
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EP1146459A1
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WO2008110939A2
"Leasing versus Buying That New Car,"Web page printout from http://www.infoplease.com/ipa/A0193143.html, printed on Sep. 1, 2011.
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Redacted and Unfiled Petition for Inter Partes Review of U.S. Patent No. 7,827,099 (which was issued Nov. 2, 2010), unfiled as of Feb. 1, 2013.
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Redacted and Unfiled Petition for Inter Partes Review of U.S. Patent No. 8,086,529 (which was issued Dec. 27, 2011), unfiled as of Feb. 1, 2013.
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