Method and apparatus for facilitating a transaction between a buyer and one seller

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8095450
APP PUB NO 20080010099A1
SERIAL NO

11861179

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A seller server receives an offer which specifies a type of product (e.g. a seat on a flight), at least one condition (e.g. destination and date of departure), and an offer price specified by a buyer. The seller server also receives an associated payment identifier that specifies a financial account, such as a credit card account. The payment identifier essentially “guarantees” the offer in that the seller may receive payment from the financial account even if the buyer attempts to renege. The seller determines whether to accept the offer, based on various factors such as the offer price and the availability of appropriate products to satisfy the conditions of the offer. If the offer is accepted, payment is provided to the seller using the payment identifier.

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Patent Owner(s)

  • PRICELINE.COM LLC

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Mik, Magdalena Greenwich, US 146 14050
Tedesco, Daniel E New Canaan, US 537 29428
Walker, Jay S Ridgefield, US 1530 120391

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