Conditional purchase offer management system for use in an e-commerce auction system
Publication Date: 2000-Nov-03
The IP.com Prior Art Database
While the companies active in e-commerce have developed widely used systems for accepting conditional purchase offers (CPOs), there has yet to be the application of such systems to an auction setting where multiple bids are viewed in comparison with one another. What is needed is a management system for receiving CPOs from one or more customers in such an application, and for evaluating the received CPOs against a number of CPO rules defined by a seller to determine whether the seller is willing to accept a given CPO. This system is similar in its framework to that patented by Walker Asset Management, but the application to an auction e-commerce entity is new to the art.