Automating price guarantees
US10032185B2 · kind B2 · utility
7Cited by
6References
16Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | May 10, 2013 |
| Grant date | Jul 24, 2018 |
| Priority date | — |
| Expiry date | Oct 4, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0234
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Techniques are provided in which the current price of a commodity purchased from a seller by a buyer with a price guarantee policy is monitored. Upon detection of the current price dropping below the purchase price, the buyer and seller are notified, leading to a rebate being provided to the buyer from the seller to be redeemed based on the terms of the price guarantee policy. In some embodiments, buyers are offered incentives, such as a discounted price, in exchange for a reduced time period within which a price guarantee policy is redeemable.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.