Device, system, and method of dynamic modification of sale terms of electronic transactions
First Claim
Patent Images
1. A system for electronic transactions, the system comprising:
- a memory configured to store a set of sale terms associated with a product offered for sale; and
at least one processor configured to execute;
a fixed price transaction module configured to;
generate a fixed price transaction interface comprising the set of sale terms associated with the product offered for sale, andtransmit the fixed price transaction interface to a client for facilitating participation in a fixed price transaction route;
a modification determination module configured to;
receive a supply/demand alert associated with the product,determine based on one or more pre-defined sale terms modification rules, the supply/demand alert associated with the product and one or more product filters, whether or not to modify one or more terms of the set of sale terms; and
dynamically transition from the fixed price transaction route to an online auction route based on one or more pre-defined auction generation rules and the supply/demand alert associated with the product;
an auction module configured to;
dynamically determine an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route;
automatically generate an online auction interface comprising the auction opening price and the modified one or more terms of the set of sale terms associated with the product offered for sale, andtransmit the online auction interface to the client for facilitating participation in the online auction route, andin a case that the online auction route is not offered during the fixed price transaction route, a notification module configured to generate and transmit to the client an alert indicating the dynamic transition from the fixed price transaction route to the online auction route, the alert including a redirection mechanism to facilitate access to the online auction interface,wherein the one or more product filters exclude at least a group of products from the modification process.
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Accused Products
Abstract
Device, system, and method of dynamic modification of sale terms of electronic transactions. For example, a system for electronic transactions includes a computer to store a set of sale terms associated with a product offered for sale, to receive a supply/demand alert associated with the product, to automatically modify one or more terms of the set of sale terms based on the supply/demand alert, and to provide to a client device the modified set of sale terms.
17 Citations
20 Claims
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1. A system for electronic transactions, the system comprising:
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a memory configured to store a set of sale terms associated with a product offered for sale; and at least one processor configured to execute; a fixed price transaction module configured to; generate a fixed price transaction interface comprising the set of sale terms associated with the product offered for sale, and transmit the fixed price transaction interface to a client for facilitating participation in a fixed price transaction route; a modification determination module configured to; receive a supply/demand alert associated with the product, determine based on one or more pre-defined sale terms modification rules, the supply/demand alert associated with the product and one or more product filters, whether or not to modify one or more terms of the set of sale terms; and dynamically transition from the fixed price transaction route to an online auction route based on one or more pre-defined auction generation rules and the supply/demand alert associated with the product; an auction module configured to; dynamically determine an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route; automatically generate an online auction interface comprising the auction opening price and the modified one or more terms of the set of sale terms associated with the product offered for sale, and transmit the online auction interface to the client for facilitating participation in the online auction route, and in a case that the online auction route is not offered during the fixed price transaction route, a notification module configured to generate and transmit to the client an alert indicating the dynamic transition from the fixed price transaction route to the online auction route, the alert including a redirection mechanism to facilitate access to the online auction interface, wherein the one or more product filters exclude at least a group of products from the modification process. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 20)
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10. A method for electronic transactions, the method comprising:
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storing a set of sale terms associated with a product offered for sale; generating, by a processor, a fixed price transaction interface comprising the set of sale terms associated with the product offered for sale, transmitting, by the processor, the fixed price transaction interface to a client for facilitating participation in a fixed price transaction route; receiving, by the processor, a supply/demand alert associated with the product; determining, by the processor, whether or not to modify one or more terms of the set of sale terms, based on the supply/demand alert, based on one or more pre-defined sale terms modification rules, and based on one or more product filters; dynamically transitioning, by the processor, from the fixed price transaction route to an online auction route based on one or more pre-defined auction generation rules and the supply/demand alert associated with the product; dynamically determining, by the processor, an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route; automatically generating, by the processor, an online interface comprising the auction opening price and the modified one or more terms of the set of sale terms associated with the product offered for sale; and in a case that the online auction route is not offered during the fixed price transaction route, generating and transmitting to the client an alert indicating the dynamic transition from the fixed price transaction route to the online auction route, the alert including a redirection mechanism to facilitate access to the online auction interface, wherein the one or more product filters exclude at least a group of products from the modification process. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A computer program product comprising a computer useable medium including a computer readable program, the computer useable medium not being a signal and the computer readable program when executed on a computer causes the computer to perform a method comprising:
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storing a set of sale terms associated with a product offered for sale; generating a fixed price transaction interface comprising the set of sale terms associated with the product offered for sale, transmitting the fixed price transaction interface to a client for facilitating participation in a fixed price transaction route; receiving a supply/demand alert associated with the product; determining whether or not to modify one or more terms of the set of sale terms, based on the supply/demand alert, based on one or more pre-defined sale terms modification rules, and based on one or more product filters, dynamically transition from the fixed price transaction route to an online auction route based on one or more pre-defined auction generation rules and the supply/demand alert associated with the product;
automatically generating an online interface comprising the auction opening price and the modified one or more terms of the set of sale terms associated with the product offered for sale; andin a case that the online auction route is not offered during the fixed price transaction route, generating and transmitting to the client an alert indicating the dynamic transition from the fixed price transaction route to the online auction route, the alert including a redirection mechanism to facilitate access to the online auction interface, wherein the one or more product filters exclude at least a group of products from the modification process.
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19. A system for online transactions, the system comprising:
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a product database to store a set of sale terms associated with a product offered for sale in a fixed-price transaction route; a supply/demand alert generator to generate a supply/demand alert associated with the product, the supply/demand alert selected from the group comprising; an alert indicating increased demand for the product; and an alert indicating low inventory for the product; and an electronic commerce server comprising a processor configured to; generate a fixed price transaction interface comprising the set of sale terms associated with the product offered for sale, transmit the fixed price transaction interface to a client for facilitating participation in a fixed price transaction route; receive a supply/demand alert associated with the product; determine whether or not to modify one or more terms of the set of sale terms, based on the supply/demand alert, based on one or more pre-defined sale terms modification rules, and based on one or more product filters; dynamically transition from the fixed price transaction route to an online auction route based on one or more pre-defined auction generation rules and the supply/demand alert associated with the product; dynamically determine an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route; automatically generate an online interface comprising the auction opening price and the modified one or more terms of the set of sale terms associated with the product offered for sale; and in a case that the online auction route is not offered during the fixed price transaction route, generate and transmit to the client an alert indicating the dynamic transition from the fixed price transaction route to the online auction route, the alert including a redirection mechanism to facilitate access to the online auction interface, wherein the one or more product filters exclude at least a group of products from the modification process.
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Specification