Systems and methods for transacting business over a global communications network such as the internet
First Claim
1. A system comprising, multiple programmable databases being accessed by at least one computer server, and the system is being programmed 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 placing the bid is in addition to the intermediary activity;
assign a score based at least partially on the intermediary activity,calculate a selling price of a product in an auction based at least partially upon the score and the bid via a price determining algorithm.
2 Assignments
0 Petitions
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.
3 Citations
14 Claims
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1. A system comprising, multiple programmable databases being accessed by at least one computer server, and the system is being programmed to:
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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 placing the bid is in addition to the intermediary activity; assign a score based at least partially on the intermediary activity, calculate a selling 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)
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5. A system of determining a winning pricing in an auction, comprising multiple databases being accessed by at least one computer server, and the system is being programmed to:
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receive data representing at least one bid placed by the 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; calculate the winning price in the auction via a price determining algorithm, wherein the winning price is at least partially dependent on the score. - View Dependent Claims (6, 7)
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8. The system of claim further 5 further comprising the step of calculating a second price for a second buyer based at least partially on participation of the second buyer in the intermediary activity and a bid placed by the second buyer.
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9. A method of calculating a selling price in an auction over a global communications network comprising the steps of:
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receive data from a buyer representing participation in an intermediary activity; receive data from the buyer at least one bid for a product; assign a score at least partially based on the participation in the intermediary activity; calculate the selling price using a price determining algorithm via at least one computer server, wherein the price is at least partially dependent on the score and the bid. - View Dependent Claims (10, 11, 12, 14)
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13. The method of claim further 10 further comprising the step of calculating a second price for a second buyer based at least partially on participation of the second buyer in the intermediary activity and a bid placed by the second buyer.
Specification
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- Resources
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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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Granted Patent
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Time in Patent OfficeDays
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Field of Search
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US Class Current705/26.3
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CPC Class CodesG06Q 30/06 Buying, selling or leasing ...G06Q 30/08 Auctions
