Patent ID: 7774239

Claim:
An on-line system for executing transactions, comprising: (a) a remote terminal, wherein the remote terminal is used by a customer to enter customer information, customer event and merchandise preferences, and customer pre-registration choices of desired events or merchandise, and wherein the remote terminal further includes Internet access; (b) an on-line transaction system, wherein the on-line transaction system further includes: a server and a system database located on the server, wherein the system database is in communication with the remote terminal and stores customer information, customer event and merchandise preferences, and customer pre-registration choices; (c) at least one source system in communication with the on-line system for allowing vendors to sell on-line, wherein the source system further comprises a source database for storing current vendor event and merchandise information; (d) a communications interface between the on-line transaction system and the source system for allowing information exchange between the two systems; (e) a software program located on the server for allowing the customer to pre-register with the on-line transaction system by entering personal contact information, payment information, customer event and merchandise preferences, and customer pre-registration choices of desired events or merchandise becoming available on-line in the source database, wherein the software program prioritizes the customer pre-registration choices of desired events or merchandise becoming available on-line relative to other customers using the on-line system based on time of the customer pre-registration; (f) an activity tracking software module located on the server for allowing the on-line transaction system to automatically monitor the source system for current event and merchandise information and communicate the information back to the on-line transaction system; (g) a check sales status module, programmed to run at predefined intervals to determine if customer pre-registration choice is available on the at least one source system, wherein the check sales status module is located on the server and communicates with the on-line transaction system; (h) a software purchasing program located on the server for allowing the on-line transaction system to immediately and automatically execute a purchase transaction for the customer based on the check sales status module identifying the customer pre-registration choice is available, wherein a formula is generated in order to execute the purchase at some time variable, just prior to a projected public sale posting to ensure that the transaction take place the moment that the event or merchandise is offered; and (i) a software program located on the source system for allowing the source system to communicate with the remote terminal to indicate completed transactions to the customer.