Invention Grant
- Patent Title: Methods and systems for dynamic price negotiation
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Application No.: US16907843Application Date: 2020-06-22
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Publication No.: US11720937B2Publication Date: 2023-08-08
- Inventor: Jeffrey Rule , Kevin Osborn
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: Capital One Services, LLC
- Current Assignee: Capital One Services, LLC
- Current Assignee Address: US VA McLean
- Agency: Bookoff McAndrews, PLLC
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/0283 ; G06N20/00 ; G06F16/9535 ; G06Q30/0207 ; G06Q50/18

Abstract:
A computer-implemented method for negotiating a price of a product for a user may comprise obtaining an identification of the user via a device associated with the user; obtaining social influence data of the user based on the identification of the user, wherein the social influence data of the user includes a net promoter score or a social ranking of the user; obtaining purchase parameter data of the user based on the identification of the user, wherein the purchase parameter data of the user includes a credit score, an income range, or a transaction history of the user; determining a user-specific price of the product based on the purchase parameter data and the social influence data using a trained machine learning model; and transmitting, to the user, a notification indicative of the user-specific price.
Public/Granted literature
- US20210398175A1 METHODS AND SYSTEMS FOR DYNAMIC PRICE NEGOTIATION Public/Granted day:2021-12-23
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