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

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20060036511A1
SERIAL NO

11246659

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A business model/process is described for conducting business transactions over the Internet, allowing buyers to reduce the price of the selected product/service based on the buyer's performance during a collateral activity. Sellers offer the product/service within a specified price range, and buyers accept the offer, in exchange for the opportunity to close the transaction at the lowest price offered by achieving a high score or performance rating during the collateral activity. The ultimate price is within the agreed upon range, but is determined based upon the buyer's performance and scaled to the performance at the collateral activity. The price may change throughout performance of the collateral activity, 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, etc. The activity may be a video game, electronic board game, sports bet, card game, or any other activity, and may be performed against the seller, a pre-programmed software opponent, a computer opponent, another buyer competing for the same or a different product, a player participating as a player only and not as a buyer, or anyone or anything else.

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Patent Owner(s)

Patent OwnerAddress
PRICEPLAY COM INC113 BARKSDALE PROFESSIONAL CENTER NEWARK DE 19711-3258

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Lin, Wayne Wei Yuan Irvine, CA 1 5

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