Apparatus and methods for enforcing purchase agreements

US7293703B2 · kind B2 · utility

Assignee

• Walker Digital, LLC · US

Inventors

• Jay S. Walker · Ridgefield, US
• Andrew S. Van Luchene · Norwalk, US
• Jose A. Suarez · Fairfield, US
• Magdalena M. Fincham · Ridgefield, US
• Dean P. Alderucci · Westport, US
• James A. Jorasch · Stamford, US
• Robert C. Tedesco · Huntington, US
• Matthew D. Breitenbach · Ridgefield, US

Key dates

• Filing date: Oct 18, 2004
• Grant date: Nov 13, 2007
• Expiry date: Oct 15, 2025

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0283
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are provided for establishing online a buyer price for a first plurality of products. The buyer price being lower than a retail price of the first plurality of products, the first plurality of products to be picked up during a subsequent transaction at a retailer. Thereafter, a second plurality of products which the buyer has actually received during the subsequent transaction is determined. A penalty may be assessed if the first and second plurality of products do not correspond.