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PURCHASING, REDEMPTION, AND SETTLEMENT SYSTEMS AND METHODS WHEREIN A BUYER TAKES POSSESSION AT A RETAILER OF A PRODUCT PURCHASED USING A COMMUNICATION NETWORK

  • US 20080052189A1
  • Filed: 10/31/2007
  • Published: 02/28/2008
  • Est. Priority Date: 09/04/1996
  • Status: Active Grant
First Claim
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1. A method of operating a purchasing system, comprising:

  • arranging through a communication network for a buyer to purchase a product from a seller, wherein the buyer agrees to pay a first price for the product;

    sending redemption information to the buyer, the redemption information enabling the buyer to take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price; and

    providing to the retailer a third price for the product once the buyer takes possession of the product at the retailer, wherein the third price is a price for the product agreed upon between the retailer and the seller and is not based on the first price that the buyer agreed to pay for the product.

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