06041308 is referenced by 283 patents and cites 58 patents.

A system and method are disclosed for encouraging buyers to submit CPOs to a CPO management system for a desired product. The CPO management system processes each received CPO to determine whether one or more sellers are willing to accept a given CPO. The disclosed CPO management system compensates buyers if the buyer's conditional purchase offer is rejected, or expires before an acceptance is received. If a CPO is rejected by the sellers, or has expired before an acceptance is received, the CPO management system evaluates one or more stored compensation offers to determine if the buyer is eligible for rejection compensation. The compensation offers may optionally require that the conditional purchase offer satisfies one or more additional predefined eligibility criteria. If the predefined criteria is met, the rejection compensation is provided to the buyer. The rejection compensation can include, for example, (i) a cash award, (ii) a prize, or (iii) a coupon or credit that may be redeemed for a discount against future transactions, thereby encouraging future use.

Title
System and method for motivating submission of conditional purchase offers
Application Number
707660
Publication Number
6041308
Application Date
December 4, 1998
Publication Date
March 21, 2000
Inventor
Daniel E Tedesco
New Canaan
CT, US
Tracy Hartmann
Stamford
CT, US
T Scott Case
Darien
CT, US
Jay S Walker
Ridgefield
CT, US
Agent
Morgan & Finnegan
Agent
Jeffrey L Brandt
Assignee
priceline com Incorporated
CT, US
IPC
G06F 19/00
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