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Incentive points redemption program carried out via an on-line auction

  • US 20070118461A1
  • Filed: 12/15/2006
  • Published: 05/24/2007
  • Est. Priority Date: 10/08/1999
  • Status: Active Grant
First Claim
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1. A method for administering an on-line auction, comprising the steps of:

  • designating at least one auction item for an on-line auction;

    providing on-line bid access to said at least one auction item by at least one authorized participant;

    receiving, via an on-line computer interface, at least one respective incentive points bid by said at least one authorized participant for the auction item;

    determining that each respective incentive points bid made by a respective authorized participant does not exceed an incentive points total available to that respective authorized participant;

    maintaining at least a respective high incentive points bid for each respective auction item; and

    identifying, upon ending an auction period for a said auction item, one said authorized participant who submitted a highest incentive points bid for that auction item.

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