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Business system

  • US 7,107,225 B1
  • Filed: 08/17/1999
  • Issued: 09/12/2006
  • Est. Priority Date: 08/17/1999
  • Status: Expired due to Term
First Claim
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1. A method for guaranteeing a consumer a best price on an item purchased from a vendor in a consummated final first transaction at a first price, the method comprisingrecording the first price and information identifying the consumer;

  • monitoring the sales price of the item for a predetermined time period after purchase of the item by the consumer in the consummated final first transaction;

    noting any price lower than the first price for the item during the predetermined time period following the purchase of the item;

    calculating a money-value difference between the first price and said any price lower than the first price;

    refunding to the consumer an amount equal to the money-value difference;

    wherein the item is purchased via a host system and the host system records the first price and information identifying the customer;

    the host system conducts the monitoring, noting, and calculating steps; and

    the host system provides the refund to the consumer;

    wherein the host system provides the refund by crediting an account of the consumer; and

    wherein only prices for the item to be sold by the vendor involved in the first transaction are taken into account in the noting step.

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