Systems and methods for transacting business over a global communications network such as the internet

• US 8,050,982 B2
• Filed: 10/28/2005
• Issued: 11/01/2011
• Est. Priority Date: 06/29/1999
• Status: Expired due to Fees

• Current Assignee: Performance Pricing, Inc. (Acacia Research Corporation), Priceplay.com Incorporated
• Original Assignee: Priceplay.com Incorporated
• Inventors: Lin, Wayne W.
• Primary Examiner(s): Misiaszek, Michael
• Application Number:
  US11/262,527
• Publication Number:
  US 20060059055A1
• Time in Patent Office: 2,195 Days
• Field of Search: 705/26, 705/27, 705 262- 271
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 30/0253 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

A business process is described for conducting business transactions over the Internet, allowing buyers an opportunity to reduce the price of a product/service based on the buyer'"'"'s performance during a Price-Determining-Activity (PDA). Sellers offer the product/service within a specified price range, and buyers agree to a binding agreement, in exchange for the opportunity to close the transaction at the lowest price by achieving a high score or performance during the PDA. The price may change during the PDA, and the available price at any given time may be displayed or otherwise made available to the buyer. The price change may be continuous, at intervals, in response to certain events. The PDA may be a video game, electronic board game, sports bet, card game, or any other activity, or against the seller, a software opponent, or a computer opponent. The PDA may involve another buyer competing for the same product/service.

Claims

1. A system comprising multiple databases accessible by at least one computer server, wherein the system is programmed to perform the steps of a sales transaction, the steps comprising:

communicating via the global communication network to a buyer;

receiving data representing a binding commitment from the buyer via the global communication network to purchase a product for a price that will be partially based upon the buyer'"'"'s participation in an auction and participation in a competitive activity that is in addition to placing bids in the auction and that is collateral to the price and associated with the product being purchased;

wherein the competitive activity is required as part of the sales transaction; and

using an algorithm to calculate the price of the product based at least partially upon the results of the participation of the buyer in the competitive activity and at least partially based on results of the auction;

wherein the price is at least partially dependent on the outcome of the competitive activity.

2. The system of claim 1, wherein the competitive activity is a competition between at least two participants participating in the competitive activity and the auction.

3. The system of claim 2, wherein the at least two participants comprise the buyer and a second buyer, and further comprising receiving data representing a second binding commitment from the second buyer to purchase the product for a second price;

the second price will be at least partially based on the competitive activity and the auction.

4. The system of claim 1, further comprising the step of receiving a bid from the buyer and a second bid from a second buyer, and the price is based at least partially on the bids received.

5. The system of claim 1, further comprising the step of paying a fee for selling the product based on revenue of the sales transaction.

6. The system of claim 1, further comprising the step of accepting payment information from the buyer over the global communications network;

and the payment information is accepted after receiving the data representing the binding commitment and before the price being paid.

7. A process of performing a sales transaction comprising the steps of:

communicating via a global communication network to a buyer;

receiving data representing a binding commitment from the buyer via the global communication network to purchase a product for a price that will be partially based upon the buyer'"'"'s participation in an auction and participation in a competitive activity that is in addition to placing bids in the auction and that is collateral to the price and associated with the product being purchased;

wherein the competitive activity is required as part of the sales transaction; and

using an algorithm to calculate, via an operation controller computer, the price of the product based at least partially upon the results of the participation of the buyer in the competitive activity and at least partially based on results of the auction;

wherein the price is at least partially dependent on the outcome of the competitive activity.

8. The process of claim 7, wherein the competitive activity is a competition between at least two participants participating in the competitive activity and the auction.

9. The process of claim 8, wherein the at least two participants comprise the buyer and a second buyer, and further comprising receiving data representing a second binding commitment from the second buyer to purchase the product for a second price;

the second price will be at least partially based on the competitive activity and the auction.

10. The process of claim 7, further comprising the step of receiving a bid from the buyer and a second bid from a second buyer, and the price is based at least partially on the bids received.

11. The process of claim 7, further comprising the step of paying a fee for selling the product based on the revenue of the sales transaction.

12. The process of claim 7, further comprising the step of, accepting payment information from the buyer over the global communications network;

and the payment information is accepted after receiving the data representing the binding commitment and before the price being paid.