Commerce System and Method of Controlling the Commerce System by Generating Individualized Discounted Offers to Consumers
AssigneeMyWorld, Inc.
InventorKenneth J. Ouimet
Life of this patent
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AssigneeMyWorld, Inc.
InventorKenneth J. Ouimet
Estimating the term…
A commerce system has a plurality of retailers offering products for sale. Product information associated with the products is collected and stored in a central database. A consumer uses a website to create a shopping list with weighted preferences for product attributes. An individualized discount is generated by a consumer service provider for products on the shopping list directed to the consumer. The shopping list is optimized based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount. An incremental profit for the product is determined based on the individualized discount. The incremental profit is shared between the retailer and consumer service provider. The consumer uses the optimized shopping list to assist with purchasing decisions. Purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase based on the optimized shopping list.
A method of controlling consumer transactions over an electronic network including a first computing system and a second computing system, comprising:
A method of controlling consumer transactions over an electronic network including a first computing system and a second computing system, comprising:
A non-transitory, tangible computer readable medium storing instructions for controlling consumer transactions over an electronic network including a first computing system and a second computing system, the instructions causing the first computing system and the second computing system to perform the steps comprising:
Dependencies are inferred from the claim text.