Goods stock market via the internet

• US 20020082974A1
• Filed: 12/27/2000
• Published: 06/27/2002
• Est. Priority Date: 12/27/2000
• Status: Abandoned Application

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Berstis, Viktors
• Application Number:
  US09/750,978
• Publication Number:
  US 20020082974A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method, system, and computer program product for matching a buyer and a seller of goods is provided. In one embodiment, an on-line auction or want ad site receives registration information from a registering user. The registration information includes a unique identifier for the item the registering user wishes to buy or sell. The on-line service then identifies a matched user if one exists and notifies the registering user of the match. The unique identifier of the item listed by the matched user exactly matches the unique identifier of the item identified by the registering user. The matched user may be identified by through the use of an on-line auction or reverse auction or may simply be matched based on a search of a database of registered buyers and sellers. The unique identifier allows a buyer to be confident that the item purchased is the item desired.

Claims

1. A method of matching a buyer and a seller of goods;

the method comprising;

receiving registration information from a registering user, wherein the registration information includes a unique identifier for an item; and

responsive to identifying a matched user, notifying the user of the match, wherein the unique identifier of the item in the matched user exactly matches the unique identifier of the item identified by the registering user.

2. The method as recited in claim 1, wherein the step of identifying a matched user comprises searching a database for a transactional match, wherein the transactional match contains complementary offer terms to the offer terms of the registering user.

3. The method as recited in claim 1, wherein the registering user is a seller and the step of identifying a matched user comprises conducting an auction at which multiple potential buyers competitively bid against one another with the matched user being the winning potential buyer.

4. The method as recited in claim 3, wherein the winning potential buyer is a potential buyer offering the highest price for the item.

5. The method as recited in claim 1, wherein the registering user is a buyer and the step of identifying a matched user comprises conducting a reverse auction in which a plurality of potential sellers bid to sell the item to the registering user with the matched user being a winning potential seller.

6. The method as recited in claim 5, wherein the winning potential seller is the potential seller offering a lowest selling price for the item.

7. The method as recited in claim 1, wherein the unique identifier is a universal product code.

8. The method as recited in claim 1, wherein the registering user is a buyer and the registration information includes a maximum price willing that the buyer is willing to pay for the item.

9. The method as recited in claim 1, wherein the registration information includes a description of the condition of the item.

10. The method as recited in claim 1, wherein the registering user is a seller and the registration information includes a minimum price that the seller is willing to accept for the item.

11. A computer program product in a computer readable media for use in a data processing system for matching a buyer and a seller of goods;

the computer program product comprising;

first instructions for receiving registration information from a registering user, wherein the registration information includes a unique identifier for an item; and

second instructions, responsive to identifying a matched user, for notifying the user of the match, wherein the unique identifier of the item in the matched user exactly matches the unique identifier of the item identified by the registering user.

12. The computer program product as recited in claim 11, wherein the instructions for identifying a matched user comprise searching a database for a transactional match, wherein the transactional match contains complementary offer terms to the offer terms of the registering user.

13. The computer program product as recited in claim 11, wherein the registering user is a seller and the instructions for identifying a matched user comprises conducting an auction at which multiple potential buyers competitively bid against one another with the matched user being the winning potential buyer.

14. The computer program product as recited in claim 13, wherein the winning potential buyer is a potential buyer offering the highest price for the item.

15. The computer program product as recited in claim 11, wherein the registering user is a buyer and the instructions for identifying a matched user comprise conducting a reverse auction in which a plurality of potential sellers bid to sell the item to the registering user with the matched user being a winning potential seller.

16. The computer program product as recited in claim 15, wherein the winning potential seller is the potential seller offering a lowest selling price for the item.

17. The computer program product as recited in claim 11, wherein the unique identifier is a universal product code.

18. The computer program product as recited in claim 11, wherein the registering user is a buyer and the registration information includes a maximum price willing that the buyer is willing to pay for the item.

19. The computer program product as recited in claim 11, wherein the registration information includes a description of the condition of the item.

20. The computer program product as recited in claim 11, wherein the registering user is a seller and the registration information includes a minimum price that the seller is willing to accept for the item.

21. A system for matching a buyer and a seller of goods;

the system comprising;

first means for receiving registration information from a registering user, wherein the registration information includes a unique identifier for an item; and

second means, responsive to identifying a matched user, for notifying the user of the match, wherein the unique identifier of the item in the matched user exactly matches the unique identifier of the item identified by the registering user.

22. The system as recited in claim 21, wherein the means for identifying a matched user comprise searching a database for a transactional match, wherein the transactional match contains complementary offer terms to the offer terms of the registering user.

23. The system as recited in claim 21, wherein the registering user is a seller and the means for identifying a matched user comprises conducting an auction at which multiple potential buyers competitively bid against one another with the matched user being the winning potential buyer.

24. The system as recited in claim 23, wherein the winning potential buyer is a potential buyer offering the highest price for the item.

25. The system as recited in claim 21, wherein the registering user is a buyer and the means for identifying a matched user comprise conducting a reverse auction in which a plurality of potential sellers bid to sell the item to the registering user with the matched user being a winning potential seller.

26. The system as recited in claim 25, wherein the winning potential seller is the potential seller offering a lowest selling price for the item.

27. The system as recited in claim 21, wherein the unique identifier is a universal product code.

28. The system as recited in claim 21, wherein the registering user is a buyer and the registration information includes a maximum price willing that the buyer is willing to pay for the item.

29. The system as recited in claim 21, wherein the registration information includes a description of the condition of the item.

30. The system as recited in claim 21, wherein the registering user is a seller and the registration information includes a minimum price that the seller is willing to accept for the item.