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System and method for allocating business to one of a plurality of sellers in a buyer driven electronic commerce system

  • US 8,548,871 B2
  • Filed: 02/20/2009
  • Issued: 10/01/2013
  • Est. Priority Date: 09/04/1996
  • Status: Expired due to Term
First Claim
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1. A processor-implemented allocation method in a buyer-driven system in which conditional purchase offers are received and considered by or on behalf of a plurality of sellers, the conditional purchase offers each including:

  • (1) a buyer-specified price for a good or service,(2) a payment identifier specifying a financial account to be used to pay for said good or service upon acceptance of a conditional purchase offer by a seller, and(3) authorization to charge said payment identifier for said good or service upon acceptance of a conditional purchase offer, comprising;

    identifying by the processor one of at least two sellers as a priority seller based on a processor-implemented priority metric, wherein identifying one of at least two sellers as a priority seller includes;

    determining a number of first look opportunities to satisfy conditional purchase offers due to the at least two sellers;

    determining a number of first look opportunities to satisfy conditional purchase offers given to the at least two sellers;

    identifying one of the at least two sellers with the largest deficiency between first look opportunities given and first look opportunities due as the priority seller; and

    providing the priority seller with a first look opportunity to satisfy a conditional purchase offer after receiving said buyer-specified price, payment identifier and authorization to charge said payment identifier for said good or service upon acceptance of the conditional purchase offer.

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