Systems, methods and computer program products for conducting regulation-compliant commercial transactions of regulated goods via a computer network

• US 20040073498A1
• Filed: 06/23/2003
• Published: 04/15/2004
• Est. Priority Date: 11/16/1999
• Status: Abandoned Application

• Current Assignee: XS, Inc. (TKXS LLC)
• Original Assignee: XS, Inc. (TKXS LLC)
• Inventors: Breen, Napier Fulton Jr., Hompesch, Randall
• Application Number:
  US10/601,619
• Publication Number:
  US 20040073498A1
• Time in Patent Office: Days
• US Class Current: 705/27
• CPC Class Codes: G06Q 30/0621 Item configuration or customization
• CPC Class Codes: G06Q 30/0629 for generating comparisons
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

Systems, methods and computer program products are provided for buying and selling regulated goods, such as agricultural chemicals, over a computer network. Information about regulated goods for sale by a seller is displayed via a seller Web site. A buyer desiring to purchase the regulated goods sends an offer (bid) to purchase the regulated goods. Upon receiving the bid, the seller Web site verifies that the potential buyer is authorized to purchase the regulated goods offered for sale. The seller Web site disallows the transaction if the buyer is not authorized to purchase the regulated goods. If the buyer is authorized, the seller Web site verifies that the regulated goods are legal for use within the buyer'"'"'s jurisdiction. The seller Web site disallows the transaction if the regulated goods are not legal for use within the buyer'"'"'s jurisdiction.

Claims

1. A method of selling regulated goods over a computer network, wherein the computer network comprises a Web site of a seller and a plurality of Web clients in communication with the Web site, and wherein buyers communicate with the Web site via respective Web clients, the method comprising:

displaying information about regulated goods offered for sale via the Web site;

receiving an offer at the Web site from a buyer, via a respective Web client, to purchase the regulated goods;

verifying that the buyer is authorized to purchase the regulated goods by verifying that the buyer has a valid license issued by a regulatory agency for the regulated goods; and

sending an acceptance of the offer to the buyer in response to verifying that the buyer is authorized to purchase the regulated goods.

2. The method of claim 1, further comprising verifying that the regulated goods offered for sale are legal for use within the buyer'"'"'s location in response to verifying that the buyer is authorized to purchase the regulated goods.

3. The method of claim 1, further comprising initiating delivery of the regulated goods to the buyer in response to verifying that the buyer is authorized to purchase the regulated goods.

4. The method of claim 1, further comprising initiating a transfer of funds from a financial account of the buyer to a financial account of the seller.

5. The method of claim 4, wherein the step of initiating a transfer of funds comprises notifying a third party financial institution via the computer network to transfer funds from a financial account of the buyer to a financial account of the seller.

6. The method of claim 1, wherein the information listed about the regulated goods offered for sale comprises a designation of a time period within which offers to purchase the regulated goods at the sales price will be accepted.

7. The method of claim 1, wherein displaying information about the regulated goods offered for sale comprises displaying cost information for shipping the regulated goods to a buyer location.

8. The method of claim 1, wherein the regulated goods are selected from the group consisting of agricultural chemicals, seeds, and animal health products.

9. The method of claim 1, further comprising storing information about a sale of regulated goods to the buyer.

10. The method of claim 1, further comprising imposing restrictions as to where and from whom offers to purchase the regulated goods will be accepted.

11. The method of claim 3, wherein initiating delivery of the regulated goods comprises:

conducting a reverse auction over the computer network, wherein carriers, via respective Web clients, can submit bids for delivering the regulated goods to the buyer; and

declaring a winning carrier, wherein the winning carrier submitted a lowest bid for delivering the regulated goods to the buyer.

12. The method of claim 1, wherein initiating delivery of the regulated goods comprises initiating delivery of the regulated goods via a third party freight dispatcher in communication with the Web site.

56. The computer program product of claim 1, further comprising computer readable program code that initiates a transfer of funds from a financial account of the buyer to a financial account of the seller.

57. The computer program product of claim 56, wherein the computer readable program code that initiates a transfer of funds comprises computer readable program code that notifies a third party financial institution via the computer network to transfer funds from a financial account of the buyer to a financial account of the seller.

13. A method of auctioning regulated goods over a computer network, wherein the computer network comprises a Web site of a seller and a plurality of Web clients in communication with the Web site, wherein buyers communicate with the Web site via respective Web clients, the method comprising:

displaying information about regulated goods to be auctioned via the Web site;

conducting an auction over the computer network to solicit bids to purchase the regulated goods;

declaring a buyer that submits a highest bid for the regulated goods a winner; and

verifying that the winning buyer is authorized to purchase the regulated goods by verifying that the buyer has a valid license issued by a regulatory agency for the regulated goods.

14. The method of claim 13, further comprising verifying that the regulated goods offered for sale are legal for use within a buyer location in response to verifying that the winning buyer is authorized to purchase the regulated goods.

15. The method of claim 13, wherein displayed information about the regulated goods to be auctioned includes a specified quantity of the regulated goods.

16. The method of claim 13, further comprising initiating a transfer of funds from a financial account of the winning buyer to a financial account of the seller.

17. The method of claim 16, wherein initiating a transfer of funds comprises notifying a third party financial institution via the computer network to transfer funds from a financial account of the winning buyer to a financial account of the seller.

18. The method of claim 13, wherein conducting an auction over the computer network comprises conducting an auction within a designated time period.

19. The method of claim 13, wherein conducting an auction over the computer network comprises listing cost information for shipping the regulated goods to a buyer location.

20. The method of claim 13, wherein the regulated goods are selected from the group consisting of agricultural chemicals, seeds, and animal health products.

21. The method of claim 13, further comprising storing information about a sale of regulated goods to the winning buyer.

22. The method of claim 13, further comprising imposing restrictions as to where and from whom offers to purchase the regulated goods by buyers will be accepted.

23. The method of claim 13, further comprising initiating delivery of the regulated goods to the winning buyer.

24. The method of claim 23, wherein initiating delivery of the regulated goods comprises:

conducting a reverse auction over the computer network, wherein carriers, via respective Web clients, can submit bids for delivering the regulated goods to the winning buyer; and

declaring a winning carrier, wherein the winning carrier submitted a lowest bid for delivering the regulated goods to the winning buyer.

25. The method of claim 23, wherein initiating delivery of the regulated goods comprises initiating delivery of the regulated goods via a third party freight dispatcher in communication with the Web site.

26. The method of claim 13, wherein conducting an auction comprises allowing a buyer to automatically increase a bid in response to bids from other buyers in order to win the auction.

27. A system for selling regulated goods over a computer network, wherein the computer network comprises a Web site of a seller and a plurality of Web clients in communication with the Web site, and wherein buyers communicate with the Web site via respective Web clients, the system comprising:

means for displaying information about regulated goods offered for sale via the Web site;

means for receiving an offer at the Web site from a buyer, via a respective Web client, to purchase the regulated goods;

means for verifying that the buyer is authorized to purchase the regulated goods by verifying that the buyer has a valid license issued by a regulatory agency for the regulated goods; and

means for sending an acceptance of the offer to the buyer in response to verifying that the buyer is authorized to purchase the regulated goods.

28. The system of claim 27, further comprising means for verifying that the regulated goods offered for sale are legal for use within the buyer'"'"'s location in response to verifying that the buyer is authorized to purchase the regulated goods.

29. The system of claim 27, further comprising means for initiating delivery of the regulated goods to the buyer in response to verifying that the buyer is authorized to purchase the regulated goods.

30. The system of claim 27, further comprising means for initiating a transfer of funds from a financial account of the buyer to a financial account of the seller.

31. The system of claim 30, wherein the means for initiating a transfer of funds comprises means for notifying a third party financial institution via the computer network to transfer funds from a financial account of the buyer to a financial account of the seller.

32. The system of claim 27, wherein the information listed about the regulated goods offered for sale comprises a designation of a time period within which offers to purchase the regulated goods at the sales price will be accepted.

33. The system of claim 27, wherein means for displaying information about the regulated goods offered for sale comprises means for displaying cost information for shipping the regulated goods to a buyer location.

34. The system of claim 27, wherein the regulated goods are selected from the group consisting of agricultural chemicals, seeds, and animal health products.

35. The system of claim 27, further comprising means for storing information about a sale of regulated goods to the buyer.

36. The system of claim 27, further comprising means for imposing restrictions as to where and from whom offers to purchase the regulated goods will be accepted.

37. The system of claim 29, wherein means for initiating delivery of the regulated goods comprises:

means for conducting a reverse auction over the computer network, wherein carriers, via respective Web clients, can submit bids for delivering the regulated goods to the buyer; and

means for declaring a winning carrier, wherein the winning carrier submitted a lowest bid for delivering the regulated goods to the buyer.

38. The system of claim 27, wherein means for initiating delivery of the regulated goods comprises means for initiating delivery of the regulated goods via a third party freight dispatcher in communication with the Web site.

39. A system of auctioning regulated goods over a computer network, wherein the computer network comprises a Web site of a seller and a plurality of Web clients in communication with the Web site, wherein buyers communicate with the Web site via respective Web clients, the system comprising:

means for displaying information about regulated goods to be auctioned via the Web site;

means for conducting an auction over the computer network to solicit bids to purchase the regulated goods;

means for declaring a buyer that submits a highest bid for the regulated goods a winner; and

means for verifying that the winning buyer is authorized to purchase the regulated goods by verifying that the buyer has a valid license issued by a regulatory agency for the regulated goods.

40. The system of claim 39, further comprising means for verifying that the regulated goods offered for sale are legal for use within a buyer location in response to verifying that the winning buyer is authorized to purchase the regulated goods.

41. The system of claim 39, wherein displayed information about the regulated goods to be auctioned includes a specified quantity of the regulated goods.

42. The system of claim 39, further comprising means for initiating a transfer of funds from a financial account of the winning buyer to a financial account of the seller.

43. The system of claim 42, wherein means for initiating a transfer of funds comprises means for notifying a third party financial institution via the computer network to transfer funds from a financial account of the winning buyer to a financial account of the seller.

44. The system of claim 39, wherein means for conducting an auction over the computer network comprises means for conducting an auction within a designated time period.

45. The system of claim 39, wherein means for conducting an auction over the computer network comprises means for listing cost information for shipping the regulated goods to a buyer location.

46. The system of claim 39, wherein the regulated goods are selected from the group consisting of agricultural chemicals, seeds, and animal health products.

47. The system of claim 39, further comprising means for storing information about a sale of regulated goods to the winning buyer.

48. The system of claim 39, further comprising means for imposing restrictions as to where and from whom offers to purchase the regulated goods by buyers will be accepted.

49. The system of claim 39, further comprising means for initiating delivery of the regulated goods to the winning buyer.

50. The system of claim 49, wherein means for initiating delivery of the regulated goods comprises:

means for conducting a reverse auction over the computer network, wherein carriers, via respective Web clients, can submit bids for delivering the regulated goods to the winning buyer; and

means for declaring a winning carrier, wherein the winning carrier submitted a lowest bid for delivering the regulated goods to the winning buyer.

51. The system of claim 49, wherein means for initiating delivery of the regulated goods comprises means for initiating delivery of the regulated goods via a third party freight dispatcher in communication with the Web site.

52. The system of claim 39, wherein means for conducting an auction comprises means for allowing a buyer to automatically increase a bid in response to bids from other buyers in order to win the auction.

53. A computer program product for selling regulated goods over a computer network, wherein the computer network comprises a Web site of a seller and a plurality of Web clients in communication with the Web site, and wherein buyers communicate with the Web site via respective Web clients, the computer program product comprising a computer usable storage medium having computer readable program code embodied in the medium, the computer readable program code comprising:

computer readable program code that displays information about regulated goods offered for sale via the Web site;

computer readable program code that receives an offer at the Web site from a buyer, via a respective Web client, to purchase the regulated goods;

computer readable program code that verifies that the buyer is authorized to purchase the regulated goods by verifying that the buyer has a valid license issued by a regulatory agency for the regulated goods; and

computer readable program code that sends an acceptance of the offer to the buyer in response to verifying that the buyer is authorized to purchase the regulated goods.

54. The computer program product of claim 53, further comprising computer readable program code that verifies that the regulated goods offered for sale are legal for use within the buyer'"'"'s location in response to verifying that the buyer is authorized to purchase the regulated goods.

55. The computer program product of claim 53, further comprising computer readable program code that initiates delivery of the regulated goods to the buyer in response to verifying that the buyer is authorized to purchase the regulated goods.

58. The computer program product of claim 53, wherein the information listed about the regulated goods offered for sale comprises a designation of a time period within which offers to purchase the regulated goods at the sales price will be accepted.

59. The computer program product of claim 53, wherein computer readable program code that displays information about the regulated goods offered for sale comprises computer readable program code that displays cost information for shipping the regulated goods to a buyer location.

60. The computer program product of claim 53, wherein the regulated goods are selected from the group consisting of agricultural chemicals, seeds, and animal health products.

61. The computer program product of claim 53, further comprising computer readable program code that stores information about a sale of regulated goods to the buyer.

62. The computer program product of claim 53, further comprising computer readable program code that imposes restrictions as to where and from whom offers to purchase the regulated goods will be accepted.

63. The computer program product of claim 55, wherein computer readable program code that initiates delivery of the regulated goods comprises:

computer readable program code that conducts a reverse auction over the computer network, wherein carriers, via respective Web clients, can submit bids for delivering the regulated goods to the buyer; and

computer readable program code that declares a winning carrier, wherein the winning carrier submitted a lowest bid for delivering the regulated goods to the buyer.

64. The computer program product of claim 53, wherein computer readable program code that initiates delivery of the regulated goods comprises computer readable program code that initiates delivery of the regulated goods via a third party freight dispatcher in communication with the Web site.

65. A computer program product for auctioning regulated goods over a computer network, wherein the computer network comprises a Web site of a seller and a plurality of Web clients in communication with the Web site, wherein buyers communicate with the Web site via respective Web clients, the computer program product comprising a computer usable storage medium having computer readable program code embodied in the medium, the computer readable program code comprising:

computer readable program code that displays information about regulated goods to be auctioned via the Web site;

computer readable program code that conducts an auction over the computer network to solicit bids to purchase the regulated goods;

computer readable program code that declares a buyer that submits a highest bid for the regulated goods a winner; and

computer readable program code that verifies that the winning buyer is authorized to purchase the regulated goods by verifying that the buyer has a valid license issued by a regulatory agency for the regulated goods.

66. The computer program product of claim 65, further comprising computer readable program code that verifies that the regulated goods offered for sale are legal for use within a buyer location in response to verifying that the winning buyer is authorized to purchase the regulated goods.

67. The computer program product of claim 65, wherein displayed information about the regulated goods to be auctioned includes a specified quantity of the regulated goods.

68. The computer program product of claim 65, further comprising computer readable program code that initiates a transfer of funds from a financial account of the winning buyer to a financial account of the seller.

69. The computer program product of claim 68, wherein computer readable program code that initiates a transfer of funds comprises computer readable program code that notifies a third party financial institution via the computer network to transfer funds from a financial account of the winning buyer to a financial account of the seller.

70. The computer program product of claim 65, wherein computer readable program code that conducts an auction over the computer network comprises computer readable program code that conducts an auction within a designated time period.

71. The computer program product of claim 65, wherein computer readable program code that conducts an auction over the computer network comprises computer readable program code that lists cost information for shipping the regulated goods to a buyer location.

72. The computer program product of claim 65, wherein the regulated goods are selected from the group consisting of agricultural chemicals, seeds, and animal health products.

73. The computer program product of claim 65, further comprising computer readable program code that stores information about a sale of regulated goods to the winning buyer.

74. The computer program product of claim 65, further comprising computer readable program code that imposes restrictions as to where and from whom offers to purchase the regulated goods by buyers will be accepted.

75. The computer program product of claim 65, further comprising computer readable program code that initiates delivery of the regulated goods to the winning buyer.

76. The computer program product of claim 75, wherein computer readable program code that initiates delivery of the regulated goods comprises:

computer readable program code that conducts a reverse auction over the computer network, wherein carriers, via respective Web clients, can submit bids for delivering the regulated goods to the winning buyer; and

computer readable program code that declares a winning carrier, wherein the winning carrier submitted a lowest bid for delivering the regulated goods to the winning buyer.

77. The computer program product of claim 75, wherein computer readable program code that initiates delivery of the regulated goods comprises computer readable program code that initiates delivery of the regulated goods via a third party freight dispatcher in communication with the Web site.

78. The computer program product of claim 65, wherein computer readable program code that conducts an auction comprises computer readable program code that allows a buyer to automatically increase a bid in response to bids from other buyers in order to win the auction.