Method and system for transmitting real-time or near real-time price and/or product information to consumers and for facilitating optional fulfillment and optional, automated, real-time or near real-time reverse auctions through wireless or wireline communications devices
A method for conducting a reverse auction is disclosed. The method includes the steps of (a) receiving, from a potential purchaser using a communications device, a reverse auction request for a product and/or service that contains descriptive information about the product and/or service; (b) conduct...
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Main Authors | , |
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Format | Patent |
Language | English |
Published |
27.07.2006
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Subjects | |
Online Access | Get full text |
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Summary: | A method for conducting a reverse auction is disclosed. The method includes the steps of (a) receiving, from a potential purchaser using a communications device, a reverse auction request for a product and/or service that contains descriptive information about the product and/or service; (b) conducting a reverse auction by querying one or more bidder database servers using the descriptive information about the product and/or service, receiving one or more bids to sell the product and/or service from the one or more bidder database servers, and (c) transmitting the one or more bids via the communications network to the communications device. A system to implement the method is also disclosed. |
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Bibliography: | Application Number: US20060340046 |