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

• Current Assignee: Priceline.com LLC (Booking Holdings, Inc., fka Priceline Group Inc.)
• Original Assignee: Priceline Com Incorporated (Booking Holdings, Inc., fka Priceline Group Inc.)
• Inventors: Walker, Jay S., Sparico, Thomas M., Wisse, Robert S.
• Primary Examiner(s): Rosen, Nicholas D
• Application Number:
  US12/390,375
• Publication Number:
  US 20090271285A1
• Time in Patent Office: 1,684 Days
• Field of Search: 705/1, 705/26, 705/27, 705/37, 705/1.1, 705/26.4, 705/26.41, 705/26.42, 705/26.43, 705/26.44, 705/26.3
• US Class Current: 705/26.41
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass
• CPC Class Codes: G07F 9/026 for alarm, monitoring and auditing in vending machines or means for indication, e.g. when empty

Abstract

A system and method for allocating conditional purchase offers (CPO) among a plurality of agency-based and broadcast-based sellers in a buyer-driven commerce system. In one embodiment, the system determines which agency-based or broadcast-based sellers can fulfill or satisfy the CPO and orders those sellers in a priority order. In another embodiment, the priority is determined by relative market share and number of recent opportunities to satisfy the CPO. In another embodiment, the priority is also determined by metrics and buyer information. In another embodiment, the priority is determined randomly. The system ensures that when a buyer can satisfy the CPO at multiple prices levels, the highest price level fulfills the CPO. This ensures maximum seller revenue for each CPO.

Claims

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.

2. The method of claim 1, wherein identifying by the processor one of at least two sellers as a priority seller further comprises:

determining whether the at least two sellers can possibly satisfy the conditional purchase offer.

3. The method of claim 2, wherein the conditional purchase offer is for air travel and wherein determining whether the at least two sellers can possibly satisfy the conditional purchase offer further comprises:

determining whether the at least two sellers service departure and destination points associated with the at least one conditional purchase.

4. The method of claim 3, wherein determining whether the at least two sellers can possibly satisfy the conditional purchase offer is further based on at least one of:

level of service, date of flight, day of week of travel, and seat class.

5. The method of claim 2, wherein determining whether the at least two sellers can possibly satisfy the conditional purchase offer further comprises:

comparing the buyer-specified price to at least one qualifying seller price associated with each of the at least two sellers.

6. The method of claim 5, wherein the at least one qualifying seller price comprises at least two qualifying seller prices associated with at least one of the at least two sellers, and further comprising:

selecting a highest qualifying seller price from the at least two qualifying seller prices, wherein the highest qualifying seller price is charged to the payment identifier.

7. The method of claim 1, wherein determining a number of first look opportunities to satisfy conditional purchase offers due to the at least two sellers further comprises:

identifying a relevant market for the at least two sellers; and

determining a relative market share within the relevant market for each of the at least two sellers.

8. The method of claim 7, wherein the conditional purchase offer is for air travel and wherein the relevant market is based on an air travel origin/destination pair.

9. The method of claim 1, further comprising:

incrementing a number of first look opportunities to satisfy conditional purchase offers given for the priority seller.

10. The method of claim 9, wherein incrementing a number of first look opportunities to satisfy conditional purchase offers given for the priority seller further comprises:

determining if the priority seller is a favored seller;

determining if the priority seller has fulfilled the conditional purchase offer; and

incrementing the number of first look opportunities to satisfy conditional purchase offers given for the priority seller only after the priority seller has fulfilled the conditional purchase offer when the priority seller is a favored seller.

11. 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 percentage of first look opportunities to satisfy conditional purchase offers due to the at least two sellers based on an adjusted market share;

determining a percentage 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 percentage of first look opportunities given and percentage of 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.

12. 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 market share for each of the at least two sellers;

identifying one of the sellers having the largest market share that could also satisfy the conditional purchase offer 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.

13. A system for allocation 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;

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

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

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

means for 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

means for 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.

14. A system for allocation 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;

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

means for determining a percentage of first look opportunities to satisfy conditional purchase offers due to the at least two sellers based on an adjusted market share;

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

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

means for 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.

15. A system for allocation 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;

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

means for determining a market share for each of the at least two sellers;

means for identifying one of the sellers having the largest market share that could also satisfy the conditional purchase offer as the priority seller; and

means for 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.