System and method for handling an offer to purchase a followed item

US10679198B2 · kind B2 · utility

Assignee

• TRANSFORM SR BRANDS LLC · US

Inventors

• Dana L. Schueller · Chicago, US
• Marisa Lynne Brillhart · Chicago, US
• Dan Grimm · Mesa, US
• John Johnson · Elgin, US
• Shubham Agarwal · Cambridge, US
• Theodore Alexander Rudman · Winfield, US

Key dates

• Filing date: Apr 14, 2011
• Grant date: Jun 9, 2020
• Expiry date: Apr 14, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system receives from a customer having an associated rewards points account a price offer for an item. The system determines if the price offer for the item is below an established threshold price, e.g., a price a retailer would accept for the item. When the price offer for the item is below the established threshold price, the system determines an amount of rewards points to be redeemed by the customer to thereby allow the customer to purchase the item at the price offer for the item as received from the customer. The system then allows the item to be purchased by the customer at the price offer for the item as received from the customer in the event that the customer indicates a willingness to redeem the determined amount of rewards points from their associated rewards points account.