Facilitator for aggregating buyer power in an on-line market system
First Claim
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1. An on-line trading market system comprising:
- a seller interface to receive a dynamic pricing schedule from one or more sellers via a network;
a buyer interface to receive a set of optional purchase terms from a plurality of buyers via the network; and
a facilitator coupled with said seller interface and said buyer interface and configured to aggregate the set of optional purchase terms from said plurality of buyers to form an aggregated buyer purchase specification and to determine a best fit transaction based on the dynamic pricing schedule and the aggregated buyer purchase specification, at least one of the sellers to change the dynamic pricing schedule after the aggregated buyer purchase specification is formed, the changed pricing schedule to apply to the set of purchase terms retroactively.
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Abstract
The Online Buyers Club System (OBCS) is a mechanism for the online purchasing of goods and services. The mechanism is targeted at user communities consisting of a large number of small-volume buyers (the “Buyers Club”). The primary function of the mechanism is to automatically aggregate the buying power of these buyers. The present invention provides a mechanism to promote competition among vendors as well as a mechanism to incent buyers to make a purchase.
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Citations
45 Claims
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1. An on-line trading market system comprising:
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a seller interface to receive a dynamic pricing schedule from one or more sellers via a network;
a buyer interface to receive a set of optional purchase terms from a plurality of buyers via the network; and
a facilitator coupled with said seller interface and said buyer interface and configured to aggregate the set of optional purchase terms from said plurality of buyers to form an aggregated buyer purchase specification and to determine a best fit transaction based on the dynamic pricing schedule and the aggregated buyer purchase specification, at least one of the sellers to change the dynamic pricing schedule after the aggregated buyer purchase specification is formed, the changed pricing schedule to apply to the set of purchase terms retroactively. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. An on-line trading market system comprising:
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a seller interface for receiving a dynamic pricing schedule from one or more sellers via a network;
a buyer interface for receiving a set of optional purchase terms from a plurality of buyers via the network; and
a facilitator coupled with said seller interface and said buyer interface and configured to aggregate the dynamic pricing schedule from said one or more sellers to form an aggregated seller pricing schedule and to determine a best fit transaction based on the set of optional purchase terms and the aggregated seller pricing schedule, at least one of the sellers to change the dynamic pricing schedule after receiving the set of optional purchase terms from the plurality of buyers via the network, the changed pricing schedule to apply to the set of purchase terms retroactively. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45)
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Specification