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Browse Prior Art Database

System and Method for Identifying Bargain Prices

IP.com Disclosure Number: IPCOM000019336D
Original Publication Date: 2003-Sep-11
Included in the Prior Art Database: 2003-Sep-11
Document File: 1 page(s) / 42K

Publishing Venue

IBM

Abstract

A handheld wireless device may be used in a store to receive price information on various product items, and compare these prices with those in a previous purchase history stored in the memory of the wireless device in order to determine whether a price is acceptable.

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System and Method for Identifying Bargain Prices

    Retail locations would like to attract consumers who want to find the best prices especially for frequent purchase items. The price of a bottle of soft drink may change from time to time even in the same store, depending upon which kind of promotion there may be at a given time. The solution to the problem is to use wireless technologies to attract customers. New wireless technologies, of which Bluetooth is an example, are making possible exchanges of large quantities of digital information between devices that up until now do not communicate with each other. Bluetooth offers high-speed up to 1 Mbit/sec communication between devices at ranges on the order of up to 10 meters. Another wireless technology that is widely used is the IEEE
802.11b, Wi-Fi technology.

A consumer may use a handheld wireless device to receive price information on various product items, and compare these prices with those in a previous purchase history stored in the memory of the wireless device in order to determine whether a price is acceptable. This added service supplied by a retailer may be used to attract customers.

Thus we disclose a system and method of using a handheld device for identifying and comparing prices, comprising combinations of the following: the store administration system providing a price for various items, a handheld wireless device that maintains a list of items and tracks their price history, the handheld device rec...