US Patent Issued to Swapretail on Oct. 7 for "Systems and methods for managing direct exchange" (Florida, California Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,326, issued on Oct. 7, was assigned to Swapretail Inc. (North Palm Beach, Fla.).

"Systems and methods for managing direct exchange" was invented by Melodie van der Baan (North Palm Beach, Fla.), Morgan Hatin Bodstrom (Palm Beach Gardens, Fla.) and Damon Ciarelli (Los Angeles).

According to the abstract* released by the U.S. Patent & Trademark Office: "According to one aspect, the system provides an automated platform for managing R2R, that preserves vendor control over of the communication between retailers. For example, according to one embodiment of the system, only authorized retailers of specific vendors are able to list, request, buy, sell and swap products on the system. In ...