System and method of protecting prices
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United States of America Patent
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Sep 14, 2010
Issued Date -
N/A
app pub date -
Nov 13, 2006
filing date -
Nov 13, 2006
priority date (Note) -
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status (Latency Note)
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Abstract
A method and system for protecting prices is provided. The price protection system increases consumer confidence when making purchases by reducing the risk associated with fluctuating prices. The price protection system receives a purchase specification from a consumer. Next, the price protection system determines the risk that the prices of items matching the purchase specification will change and reports a protected price to the consumer that represents the price that the price protection system will protect based on the determined risk for a protection period. Finally, the price protection system receives a request from the consumer to purchase protection of the protected price.
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