January 19, 2001, 12:00 AM

PowerBuy Wins Patent

Internet-based group buying service Mercata has received the first-ever U.S. patent on group buying methods and technology for proprietary systems supporting its PowerBuy group purchasing program, the Bellvue, Wash.-based company announced today.

The systems deliver dynamic pricing capabilities to Mercata.com and its We-Commerce Network, which enables manufacturer, merchant, portal and community web sites to offer products for sale in a group-buying format. Specifically, the patent protects business methods and systems used by Mercata that permit sellers to dynamically decrease the price of a featured item as more buyers join the group.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Bart Mroz / E-Commerce

What online shoppers want

They want mobile shopping to be easy, are open to trying buying on social networks ...

FPO

Paul Martecchini / E-Commerce

How marketers can best use digital data to launch a new product

The signals consumers use as they navigate the web can help brands design, launch and ...

Advertisement