Patent ID: 7698172
Filing Date: 2010-04-13
Classification: G06Q

Abstract:
1. A computer implemented method of running an on-line shopping mall service on one or more servers, the method comprising: transmitting, to a terminal associated with a user, at least one price of a product available from at least one retailer registered with the on-line shopping mall service; receiving, at the one or more servers of the on-line shopping mall service, a desired price of the product from the terminal; arranging, at the one or more servers, the received desired price from the terminal relative to other desired prices received from other terminals for the same product; sending, from the one or more servers, information indicating the arrangement of desired prices to at least one retailer registered with the on-line shopping mall service; subsequent to sending, obtaining, at the one or more servers, an updated price of the product from a first retailer registered with the on-line shopping mall service, wherein the updated price is selected by the at least one retailer based on the arrangement of desired prices sent from the one or more servers to the at least one retailer; comparing, at the one or more servers, the updated price of the first retailer against the desired price so as to determine if the updated price is equal to or lower than the desired price; and upon determining that the updated price is equal to or lower than the desired price, sending, from the one or more servers, a notification to the user that the product is available via the on-line shopping mall service at a price equal to or lower than the desired price with the updated price.