06240396 is referenced by 257 patents and cites 102 patents.

A system for managing conditional purchase offers is disclosed where an individual searching for a ticket to a particular event may provide a guaranteed purchase offer to a plurality of potential sellers. Various methods and systems for completing such a transaction are also disclosed. An exemplary method includes: making available a guaranteed purchase offer to a plurality of potential sellers; potential sellers examining offers corresponding to a ticket they possess; and a potential seller providing an acceptance to the guaranteed purchase offer. The disclosure describes a method of payment whereby both the buyer and seller must provide credit card pre-authorization to ensure payment and delivery of the ticket. Also, one embodiment discloses a delivery of the ticket that includes the participation of the venue hosting the event. In this embodiment, the traditional practice of exchanging tickets for cash is replaced with an electronic serial number system. According to this system, the venue may be notified to cancel the serial number originally assigned to the ticket held by the seller, and re-assign a new serial number directly to the buyer. The buyer may then exchange this number for a ticket at the venue box office.

Title
Conditional purchase offer management system for event tickets
Application Number
8/923530
Publication Number
6240396 (B1)
Application Date
September 4, 1997
Publication Date
May 29, 2001
Inventor
Bruce Schneier
Minneapolis
MN, US
James A Jorasch
Stamford
CT, US
Thomas M Sparico
Riverside
CT, US
Andrew S Van Luchene
Norwalk
CT, US
Robert R Lech
Norwalk
CT, US
Jay S Walker
Ridgefield
CT, US
Agent
Morgan & Finnegan
US
Assignee
priceline com Incorporated
CT, US
IPC
G06F 17/60
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