INTERNET BUSINESS TRANSACTION PROCESSOR

• US 20130124325A1
• Filed: 01/03/2013
• Published: 05/16/2013
• Est. Priority Date: 10/19/1998
• Status: Active Grant

• Current Assignee: Consolidated Transaction Processing LLC (Equitable IP Corporation)
• Original Assignee: Robert S. Alvin
• Inventors: ALVIN, Robert S.
• Granted Patent: US 8,533,047 B2
• Time in Patent Office: Days
• US Class Current: 705/14.58
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0251 Targeted advertisements
• CPC Class Codes: G06Q 30/0253 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0261 based on user location
• CPC Class Codes: G06Q 30/0269 based on user profile or attribute
• 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 30/0603 Catalogue ordering
• CPC Class Codes: G06Q 30/0637 Approvals
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Targeted products are offered over a communications network. Product data for a plurality of products from a plurality of distributors for the products is received. Customer data from a plurality of customers comprising personal information about customers is received. Using the data, at least one user-specific product offering from the plurality of products is generated. Automated messages comprising the at least one user-specific product offering to the one or more customers are then sent.

Claims

1. (canceled)

2. An internet-centric electronic transaction system for facilitating automated retail sale of products from vendors to customers via a network, the system comprising:

a database having stored therein product data for a plurality of products and customer data, the product data comprising data electronically transmitted from a plurality of vendors of the plurality of products, the data corresponding to similar products for sale by more than one of the vendors, and the customer data comprising personal information about customers;

a catalog builder for generating electronic catalogs having user-specific product offerings for the plurality of product, the catalog builder dynamically placing the user-specific product offerings in electronic catalogs based on at least in part the personal information;

a communication interface for permitting customers to access the electronic catalogs, to view the user-specific product offerings via a communications network, and to place purchase orders for one or more of the products;

a payment authorization processor for determining whether to accept the purchase orders for fulfillment based on at least in part information stored in the database;

a distributor authorization processor for authorizing delivery of the one or more products according to the purchase orders provided the purchase orders deemed accepted by the payment authorization processor; and

a customer service sub-system for sending automated messages to the one or more customers with information about the accepted purchase orders.

3. The internet-centric electronic transaction system of claim 2, wherein the distributor authorization processor authorizes the one or more vendors to directly ship the one or more products according to the purchase orders provided the purchase orders deemed accepted by the payment authorization processor.

4. The internet-centric electronic transaction system of claim 2, wherein the at least one user-specific product offering includes at least of:

a coupon, an electronic coupon, a promotional offer, an exclusive sale, an incentive, a rebate, and competitive pricing.

5. The internet-centric electronic transaction system of claim 2, wherein the product data comprises product description, quantity available and price for each of the products for each of the distributors.

6. The internet-centric electronic transaction system of claim 2, wherein the customer data comprises at least one of:

IP (Internet Protocol) address, IP host name, customer name, billing address, email address and purchase patterns.

7. The internet-centric electronic transaction system of claim 2, further comprising:

dynamically adjusting pricing of the product offerings based on at least in part information stored in the database.

8. The internet-centric electronic transaction system of claim 2, further comprising dynamically adjusting pricing of the product offerings in the electronic catalogs based on a plurality of factors including at least one of:

an amount of web-site traffic, sales for a particular category, and sales for a particular product.

9. The internet-centric electronic transaction system of claim 2, further comprising:

deriving the customer location data from a billing address associated with the customer

10. A method in an internet-centric electronic transaction system for facilitating automated retail sale of products from vendors to customers via a network, the method comprising:

receiving product data for a plurality of products from a plurality of vendors for the products via a communications network, the product data comprising data corresponding to substantially similar products for sale by more than one of the vendors;

receiving customer data from a plurality of customers, the customer data comprising personal information about customers;

generating, based on at least in part from the personal information, electronic catalogs having user-specific product offerings for the plurality of products;

permitting the customers to access the electronic catalog, to view the user-specific offerings, and to allow the customers to place purchase orders for one or more of the products via the communications network;

determining whether to accept the purchase orders for fulfillment based on at least in part information stored in the database;

authorizing delivery of the one or more products to according to the purchase orders provided the purchase orders are deemed acceptable; and

sending automated messages to the one or more customers with information about the accepted purchase orders.

11. The method of claim 10, wherein the at least one user-specific product offering includes at least of:

a coupon, an electronic coupon, a promotional offer, an exclusive sale, an incentive, a rebate, and competitive pricing.

12. The method of claim 10, wherein the data comprises product description, quantity available and price for each of the products for each of the distributors.

13. The method of claim 10, wherein the customer data including customer name, billing address, email address and purchase patterns.

14. The method of claim 10, further comprising dynamically adjusting pricing of the product offerings based on at least in part information stored in the database.

15. The method of claim 10, further comprising dynamically adjusting pricing of the product offerings in the electronic catalogs based on a plurality of factors including at least one of:

an amount of web-site traffic, sales for a particular category, and sales for a particular product.

16. The method of claim 10, wherein the plurality of distributors comprise a plurality of individual vendors.

17. A non-transitory computer-readable medium containing an internet-centric electronic transaction computer program product for, when executed by a processor, performing a method in an internet-centric electronic transaction system for facilitating automated retail sale of products from vendors to customers via a network, the method comprising:

receiving product data for a plurality of products from a plurality of vendors for the products via a communications network, the product data comprising data corresponding to substantially similar products for sale by more than one of the vendors;

receiving customer data from a plurality of customers, the customer data comprising personal information about customers;

generating, based on at least in part from the personal information, electronic catalogs having user-specific product offerings for the plurality of products;

permitting the customers to access the electronic catalog, to view the user-specific offerings, and to allow the customers to place purchase orders for one or more of the products via the communications network;

determining whether to accept the purchase orders for fulfillment based on at least in part information stored in the database;

authorizing delivery of the one or more products to according to the purchase orders provided the purchase orders are deemed acceptable; and

sending automated messages to the one or more customers with information about the accepted purchase orders.