US Patent No: 8,041,621 - Analytics, PDF, Full Text and PAIR Access

Number of patents in Portfolio can not be more than 2000

Automated ticket selling system having a maximum price setting

ALSO PUBLISHED AS: 20020161689

Stats

ATTORNEY / AGENT: (SPONSORED)

Importance

Loading Importance Indicators... loading....

Abstract

See full text

According to the present invention, a buyer may submit a listing containing a description of an item desired to be purchased, such as an airline ticket, to an operator of an automated selling system. The automated selling system may be a server or series of servers accessible via a computer network, such as the Internet. The listing may contain a maximum price at which the buyer is willing to purchase the item. In the case of an airline ticket, the description accompanying the listing may contain a point of departure, a destination, desired flight times, number of travelers, and/or a specification of acceptable airlines. A plurality of sellers designate listings for which they submit bids to the operator. In the case where the sellers are airlines, the sellers may designate originating and destination city-pairs, a listing of available flights, a floor price for a city-pair, and a range of acceptable prices for one or more bidding rounds. The floor price applicable to a given listing determined from the highest floor price submitted by the eligible sellers for that listing. If only one seller submits a bid, and the bid is less than or equal to the price submitted by the buyer, that seller is selected to make the sale and provide the item. If there are multiple eligible sellers, the sale is awarded to a seller after a predetermined number of rounds of bidding, applying predefined system rules.

Loading the Abstract Image... loading....

First Claim

See full text

all claims..

Related Publications

Loading Related Publications... loading....

Patent Owner(s)

Patent OwnerAddressTotal Patents
PRICELINE.COM LLCSTAMFORD, CT41

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Segal, Hillel Boulder, CO 5 35

Cited Art Landscape

Patent Info (Count) # Cites Year
 
EBAY INC. (7)
5,845,265 Consignment nodes 705 1995
6,202,051 Facilitating internet commerce through internetworked auctions 337 1999
6,266,651 Facilitating electronic commerce through two-tiered electronic markets and auctions 241 1999
6,085,176 Method and apparatus for using search agents to search plurality of markets for items 288 1999
6,415,264 System and method for determining a posting payment amount 26 1999
7,110,957 System and method for assessing a procurement and accounts payable system 4 2003
2008/0015,949 PROCESS AND PRODUCT FOR DETERMINING AN AMOUNT OF POSTING PAYMENT 5 2007
 
Free Markets OnLine, Inc. (1)
2001/0037,285 Method and system for handling disruptions in the management of electronic auctions 3 2001
 
GENEVA BRANCH OF REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,082 Negotiated matching system 675 1995
 
LSF NETWORK, INC. (1)
2004/0039,677 Enhanced auction mechanism for online transactions 57 2001
 
NUADA PHARMACEUTICALS, INC. (1)
2002/0007,333 Contract bidding for custom synthesis of a chemical structure 26 2001
 
PRICELINE.COM LLC (1)
2002/0161,689 Automated ticket selling system having a maximum price setting 18 2001
 
SOURCE SEARCH TECHNOLOGIES, LLC (1)
5,758,328 Computerized quotation system and method 745 1996
 
VERIZON PATENT AND LICENSING INC. (1)
5,765,138 Apparatus and method for providing interactive evaluation of potential vendors 224 1995

Patent Citation Ranking

Forward Cite Landscape

  • No Forward Cites to Display

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Apr 18, 2015
7.5 Year Payment $3600.00 $1800.00 $900.00 Apr 18, 2019
11.5 Year Payment $7400.00 $3700.00 $1850.00 Apr 18, 2023
Fee Large entity fee small entity fee micro entity fee
Surcharge - 3.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00