Patent ID: 8417583
Filing Date: 2013-04-09
Classification: G06Q

Abstract:
1. A method of managing a bid tracking database, the method comprising: receiving at least one bid record at a network interface device, each bid record comprising a bid price, a bid timestamp and a bid item identifier, wherein the network interface device corresponds to a different entity from an entity hosting an auction system; in response to receiving the at least one bid record, transmitting a request from the network interface device for at least one auction record, the request comprising the bid item identifier from the at least one bid record; in response to the request, receiving at least one auction record at the network interface device, each auction record comprising a winning price, an end timestamp, a current highest bid price, a current highest bid timestamp, and an auction item identifier corresponding to the bid item identifier of one or more of the at least one bid record; maintaining the at least one bid record and the at least one auction record in a memory; for one of the at least one auction record, determining, at a processor, whether the bid price of one of the at least one bid record matches or exceeds the winning price and whether the bid timestamp matches the end timestamp; and, when the determination is affirmative, writing the one of the at least one bid record to the bid tracking database maintained in the memory.