Systems and methods for transacting business over a global communications network such as the internet
DC CAFC
First Claim
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1. A system comprising:
- multiple programmable databases accessed via a global communication network by at least one computer server,said system configured to;
communicate via the global communication network to a buyer;
receive data representing the buyer'"'"'s participation in an intermediary activity, wherein the intermediary activity is part of a sales transaction;
receive data representing at least one bid from the buyer, wherein the bid is not the intermediary activity;
assign a score based at least partially on the intermediary activity; and
calculate a sale price of a product in an auction based at least partially upon the score and the bid via a price determining algorithm.
2 Assignments
Litigations
1 Petition
Accused Products
Abstract
A business process is described for conducting business transactions over the Internet, allowing buyers an opportunity to reduce the price of a product/service based on the buyer'"'"'s performance during a Price-Determining-Activity (PDA). Sellers offer the product/service within a specified price range, and buyers agree to a binding agreement, in exchange for the opportunity to close the transaction at the lowest price by achieving a high score or performance during the PDA. The price may change during the PDA, and the available price at any given time may be displayed or otherwise made available to the buyer. The price change may be continuous, at intervals, in response to certain events. The PDA may be a video game, electronic board game, sports bet, card game, or any other activity, or against the seller, a software opponent, or a computer opponent. The PDA may involve another buyer competing for the same product/service.
70 Citations
18 Claims
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1. A system comprising:
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multiple programmable databases accessed via a global communication network by at least one computer server, said system configured to; communicate via the global communication network to a buyer; receive data representing the buyer'"'"'s participation in an intermediary activity, wherein the intermediary activity is part of a sales transaction; receive data representing at least one bid from the buyer, wherein the bid is not the intermediary activity; assign a score based at least partially on the intermediary activity; and calculate a sale price of a product in an auction based at least partially upon the score and the bid via a price determining algorithm. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system configured to determine a winning pricing in an auction, said system comprising:
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multiple databases accessed via a global communication network by at least one computer server, said system configured to; receive data representing at least one bid placed by a buyer; receive data representing the buyer'"'"'s participation in an intermediary activity, wherein the intermediary activity is in addition to placing the bid and part of the auction; assign a score at least partially based on an outcome from the buyer'"'"'s participation in the intermediary activity; and calculate the winning price in the auction based on a price determining algorithm, wherein the winning price is at least partially dependent on the score. - View Dependent Claims (8, 9, 11, 12)
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10. The system of claim further 7, further configured to calculate a second price for a second buyer based at least partially on a participation of the second buyer in the intermediary activity and a bid placed by the second buyer.
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13. A method of calculating a sale price in an auction over a global communications network, said method comprising:
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receiving data from a buyer representing participation in an intermediary activity; receiving data from the buyer representing at least one bid for a product; assigning a score at least partially based on the buyer'"'"'s participation in the intermediary activity; calculating the sale price using a price determining algorithm via at least one computer server, wherein the sale price is at least partially dependent on the score and the at least one bid. - View Dependent Claims (14, 15, 16, 18)
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17. The method of claim further 14 further comprising:
- calculating a second price for the second buyer based at least partially on participation of the second buyer in the intermediary activity and the bid placed by the second buyer.
Specification
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Litigation Data
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Current AssigneePriceplay.com Incorporated
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Original AssigneePriceplay.com Incorporated
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InventorsLin, Wayne Weiyuan
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Primary Examiner(s)Misiaszek, Michael
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Application NumberUS13/200,230Publication NumberTime in Patent Office672 DaysField of Search705 261- 272US Class Current705/26.3CPC Class CodesG06Q 30/06 Buying, selling or leasing ...G06Q 30/08 Auctions
