TRANSACTION MANAGEMENT SYSTEM AND METHOD

• US 20090204547A1
• Filed: 05/18/2005
• Published: 08/13/2009
• Est. Priority Date: 05/24/2004
• Status: Abandoned Application

• Current Assignee: Guaranteed Markets Limited
• Original Assignee: Guaranteed Markets Limited
• Inventors: Rowan, Nicholas David Wingham
• Application Number:
  US11/569,459
• Publication Number:
  US 20090204547A1
• Time in Patent Office: Days
• US Class Current: 705/80
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

A transaction management system manages the purchase of products and/or services by a buyer from sellers. The system comprises: (a) a data store for storing seller data comprising, for each of a plurality of sellers, a seller identifier and seller offer data indicating at least one product and/or service offered for sale (b) a program store storing processor implementable instructions; and (c) a processor coupled to the data store and to the program store for implementing the stored instructions.

Within the program store the stored instructions comprise instructions for controlling the processor to (a) implement a buyer interface to receive a purchase inquiry from a buyer, the purchase inquiry comprising purchase criteria for a plurality of product and/or service requirements including timing and/or geographical relationships therebetween (b) output seller offer data for a plurality of groups of sellers, the sellers of each group together being able to meet the purchase criteria for the plurality of product and/or service requirements; and (c) receive a purchase request from the buyer accepting said offers of the products and/or services from one of the groups of sellers.

Claims

1. A transaction management system for managing the purchase of products and/or services by a buyer from sellers, the system comprising:

a data store for storing seller data comprising, for each of a plurality of sellers, a seller indentifier and seller offer data indicating at least one product and/or service offered for sale;

a program store storing processor implementable instructions; and

a processor coupled to the data store and to the program store fro implementing the stored instruction, wherein the stored instructions comprise instructions for controlling the processor to;

implement a buyer interface to received a purchase inquiry from a buyer, the purchase inquiry comprising purchase criteria for a plurality of product and/or service requirements including timing and/or geographical relationships there between;

output seller offer data for a plurality of groups of sellers, the sellers of each group together being able to meet the purchase criteria for the plurality of product and/or service requirements; and

receive a purchase request from the buyer accepting said offers of the products and/or services from one of the groups of sellers.

2. The system of claim 1, wherein the buyer interface is implemented to received a purchase inquiry for a diverse plurality of product and/or service requirement to be determined by the buyer.

3. The system of claim 2, wherein the data store is further for storing buyer data comprising, for each of a plurality of buyers, a buyer indentifier.

4. The system of claim 1, wherein the seller data further comprises, for each of the plurality of sellers, a seller grade dependent on at least one of a number of successfully completed transactions involving the seller and a number of disputed problem transactions involving the seller.

5. The system of claim 1, wherein the buyer interface is implemented across the Internet.

6. The system of claim 1, wherein the stored instructions further comprise instructions for controlling the processor to implement a seller interface to received the seller offer data indicating at least one product and/or service offered for sale from a seller.

7. The system of claim 6, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating at least one buyer or at least one class of buyers to which the seller will not sell a product and/or service.

8. The system of claim 6, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating at least one seller or at least one class of sellers with which the seller will not be grouped.

9. The system of claim 6, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating at least one product or service or at least one class of product or service with which the seller'"'"'s products and/or service will not be grouped.

10. The system of claim 6, wherein the seller interface implemented to provide the seller with timing and/or geographical relationship information for their products and/or services that have been purchase, the information providing timing and/or geographical relationships between the seller'"'"'s products that have been purchase and/or services and other products and/or services.

11. The system of claim 6, wherein the seller interface is implemented across the Internet.

12. The system of claim 1, wherein the buyer interface is implemented to received at least one timing relationship between any of the product and/or service requirements from the buyer, each timing relationship being one of at, between, before, after, within and during the start and/or end times of at least one other product and/or service requirement.

13. The system of claim 1, wherein the buyer interface is implemented to receive at least one geographical relationship between any of the product and/or service requirements from the buyer, each geographical relationship being at or within a defined distance of at least one other product and/or service requirement.

14. The system of claim 1, wherein the buyer interface is further implemented to provide the buyer with a visual representation of the plurality of product and/or service requirements and the timing and/or geographical relationships there between.

15. The system of claim 1, wherein the stored instructions further comprise instructions fro controlling the processor to:

ascertain compliance data for determining whether each seller in the group of sellers is willing or able to comply with the purchase criteria; and

output compensation data for compensating the buyer if said compliance data indicates that one or more of the sellers in the group of sellers is not willing or able to comply with the purchase criteria for purchase products and/or services, such as products being unsupported products and/or services.

16. The system of claim 15, wherein said compensation data comprises data indicating a compensating offer of an alternative product and/or service for the buyer, to replace or supplement unsupported products and/or services, and wherein the stored instructions further comprise instructions for controlling the processor to implement the buyer interface to accept an offer of the alternative products and/or services based on the said compensation data.

17. The system of claim 16, wherein said compensation data further comprises data indicating compensating offers of alternative products and/or services for the buyer, to replace or supplement requested products and/or services having a timing and/or geographical relationship with the unsupported products and/or services, and for which the sellers are not willing or able to comply with purchase criteria that have changed as a consequence of the timing and/or geographical relationship with the unsupported products and/or services.

18. The system of claim 1, wherein the instructions for controlling the processor to output seller offer data comprise instructions for controlling the processor to sequentially search the seller offer data in the data store to ascertain sellers able to meet the purchase criteria for each of the product and/or service requirements having the timing and/or geographical relationships, the product and/or service requirement in smallest and largest markets being searched first and last respectively.

19. The system of claim 1, wherein the stored instructions further comprise instructions for controlling the processor to automatically generate further purchase criteria for the product and/or service requirements, the further purchase criteria being timing or geographical limitations based on historical sales or demand data for the respective product and/or service markets.

20. The system of claim 19, wherein the further purchase criteria are adaptive, the further purchase criteria being lowered to increase a number of sellers able to meet the further purchase criteria for a product and/or service requirement and raised to reduce the number of sellers able to meet the further purchase criteria for the product and/or service requirement, the lowering and raising of the further purchase criteria being dependant on predefined data stored in the data store.

21. The system of claim 1, wherein at least one of the product and/or service requirements is for transport to and/or from locations that are defined relative to the location of one or more of the other product and/or service requirements.

22. The system of claim 21, wherein the instruction for controlling the processor to output seller offer data comprises instructions for controlling the processor to search the seller offer data in the data store to ascertain sellers able to meet the purchase criteria for each of the transport requirements and, if no sellers are able to meet the purchase criteria for a transport requirement, transform the transport requirement into two or more related transport requirements having purchase criteria that can be met by one or more sellers.

23. The system of claim 6, wherein the seller interface is implemented to receive seller offer data indicating transport offered for sale by the seller, and wherein the seller offer data comprises a plurality of selling criteria, the selling criteria indicating a geographical area within which the transport may be proved, the selling criteria changing to indicate specific locations at which the transport may be provided once part of the transport has been purchased.

24. The system of claim 6, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating products and/or services required by the seller for providing the products and/or service offered for sale, the seller'"'"'s product and/or service requirement having timing and/or geographical relationship to the products and/or services offered for sale.

25. The system of claim 24, wherein the stored instructions further comprise instructions for controlling the processor to output seller offer data for a plurality of sellers, the sellers each being able to provide products and/or services required by the seller for providing the product and/or service offered for sale.

26. The system of claim 1, wherein the purchase criteria include a preference for at least one seller or at least one class of sellers from which the buyer would prefer to purchase products and/or services.

27. A method of managing the purchase of products and/or services by a buyer from sellers, the method comprising:

storing in a data store seller data comprising, for each of a plurality of sellers, a seller identifier and seller offer data indicating at least one product and/or service offered for sale;

implementing a buyer interface to receive a purchase inquiry from a buyer, the purchase inquiry comprising purchase criteria for a plurality of product and/or service requirements including timing and/or geographical relationships there between;

outputting seller offer data for a plurality of groups of sellers, the sellers of each group together being able to meet the purchase criteria for the plurality of product and/or service requirements; and

receiving a purchase receipt from the buyer accepting said offers of the products and/or services from one of the groups of sellers.

28. The method of claim 27, wherein the buyer interface is implemented to received a purchase inquiry for a diverse plurality of product and/or service requirements to be determined by the buyer.

29. The method of claim 27, further comprising storing in the data store buyer data comprising, for each of a plurality of buyers, a buyer indentifier.

30. The method of claim 27, wherein the seller data further comprises, for each of the plurality of seller, a seller grade dependent on at least one of a number of successfully completed transactions involving the seller and a number of disputed problem transactions involving the seller.

31. The method of claim 27, wherein the buyer interface is implemented across the Internet.

32. The method of claim 27, further comprising implementing a seller interface to received the seller offer data indicating at least one product and/or service offered for sale from the seller.

33. The method of claim 32, wherein the seller offer data indicates a plurality of selling criteria, the selling criteria indicating at least one buyer or at least one class of buyers to which the seller will not sell a product and/or service.

34. The method of claim 32, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating at least one seller or at least one class of sellers with which the seller will not be grouped.

35. The method of claim 32, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating at least once product or service or at least one class of product or service with which the seller'"'"'s products and/or service will not be grouped.

36. The method of claim 32, wherein the seller interface is further implemented to provide the seller with timing and/or geographical relationship information for their products and/or services that have been purchased, the information providing timing and/or geographical relationships between the seller'"'"'s products that have been purchased and/or services and other products and/or services.

37. The method of claim 32, wherein the seller interface is implemented across the Internet.

38. The method of claim 27, wherein the buyer interface is implemented to receive at least one timing relationship between any of the product and/or service requirements from the buyer, each timing relationship being one of at, between, before, after, within and during the start and/or end times of at least one other product and/or service requirement.

39. The method of claim 27, wherein the buyer interface is implemented to received at least one geographical relationship between any of the product and/or service requirements from the buyer, each geographical relationship being at or within a defined distance of at least one other product and/or service requirement.

40. The method of claim 27, wherein the buyer interface is further implemented to provide the buyer with a visual representation of the plurality of product and/or service requirements and the timing and/or geographical relationships there between.

41. The method of claim 27, further comprising:

ascertaining compliance data for determining whether each seller in the group of sellers is willing or able to comply with the purchase criteria; and

outputting compensation data for compensating the buyer if said compliance data indicates that one or more of the sellers in the group of sellers is not willing or able to comply with the purchase criteria for purchased products and/or services, such products being unsupported products and/or services.

42. The method of claim 41, wherein said compensation data comprises data indicating a compensating offer of an alternative product and/or service for the buyer, to replace or supplement unsupported products and/or services, and wherein the buyer interface is further implemented to accept an offer of the alternative products and/or services based on the said compensation data.

43. The method of claim 42, wherein said compensation data further comprises data indicating compensating offers of alternative products and/or services for the buyer, to replace or supplement requested products and/or services having a timing and/or geographical relationship with the unsupported products and/or services, and for which the sellers are not willing or able to comply with purchase criteria that have changed as a consequence of the timing and/or geographical relationship with the unsupported products and/or services.

44. The method of claim 27, wherein outputting seller offer data comprises sequentially searching the seller offer data in the data store to ascertain sellers able to meet the purchase criteria for each of the product and/or service requirements having the timing and/or geographical relationships, the product and/or service requirements in smallest and largest markets being searched first and last respectively.

45. The method of claim 27, further comprising automatically generating further purchase criteria for the product and/or service requirements, the further purchase criteria being timing or geographical limitations based on historical sales or demand data for the respective product and/or service markets.

46. The method of claim 45, wherein the further purchase criteria are adaptive, the further purchase criteria being lowered to increase a number of sellers able to meet the further purchase criteria for a product and/or service requirement and raised to reduce the number of sellers able to meet the further purchase criteria for the product and/or service requirement, the lowering and raising of the further purchase criteria being dependant on predefined data stored in the data store.

47. The method of claim 27, wherein at least one of the product and/or service requirements is for transport to and/or from locations that are defined relative to the location of one or more of the other product and/or service requirements.

48. The method of claim 47, further comprising searching the seller offer data in the data store to ascertain sellers able to meet the purchase criteria for each of the transport requirements and, if no sellers are able to meet the purchase criteria for the transport requirement, transforming the transport requirement into two or more related transport requirement having purchase criteria that can be met by one or more sellers.

49. The method of claim 32, wherein the seller interface is implemented to received seller offer data indicating transport offered for sale by the seller, and wherein the seller offer data comprises a plurality of selling criteria, the selling criteria indicating a geographical area within which the transport may be provided, the selling criteria changing to indicate specific locations at which the transport may be provided once part of the transport has been purchased.

50. The method of claim 32, wherein the seller offer data further indicates a plurality of selling criteria, the selling criteria indicating products and/or services required by the seller for providing the product and/or service offered for sale, the seller'"'"'s product and/or service requirement having a timing and/or geographical relationship to the products and/or services offered for sale.

51. The method of claim 50, further comprising outputting seller offer data for a plurality of sellers, the sellers each being able to provide products and/or services required by the seller for providing the product and/or services offered for sale.

52. The method of claim 27, wherein the purchase criteria include a preference for at least one seller or at least one class of sellers from which the buyer would prefer to purchase products and/or services.

53. A computer software product arranged to cause a computer to execute the method of claim 27.

54. A computer readable recording medium having encoded thereon at least one program for performing the method of claim 27.