Invention Grant
- Patent Title: Bidding engine for intention-based e-commerce among buyers and competing sellers
-
Application No.: US14656284Application Date: 2015-03-12
-
Publication No.: US10373224B2Publication Date: 2019-08-06
- Inventor: Marcelo P. Vieira , Sriram Vishwanath
- Applicant: Azul Mobile, Inc.
- Applicant Address: US TX Austin
- Assignee: Azul Mobile, Inc.
- Current Assignee: Azul Mobile, Inc.
- Current Assignee Address: US TX Austin
- Agent David H. Judson
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/06 ; G06Q30/08

Abstract:
A platform through which companies that offer products bid to obtain an opportunity to provide a product to an end user expressing an intent in purchasing it. The user specifies a first data set defining a product he or she desires to buy, a designated time at or by which it is to be provided, and a value that the user is willing to pay. The platform receives a second data set from each of one or more vendors. Each such data set includes a range of prices that the respective vendor is willing to accept for its sale of the product, and a bid strategy. A bid process is then executed to generate a result that identifies at least one vendor, and a price within the range of prices originally offered by that vendor. The result is provided to the user, and a transaction may then be consummated.
Public/Granted literature
- US20150186964A1 Bidding engine for intention-based e-commerce among buyers and competing sellers Public/Granted day:2015-07-02
Information query