POINTS BASED ONLINE AUCTION

摘要

A point based auction over a computerized network is disclosed wherein providers of products and/or services may bid on an opportunity to sell to a group of consumers who have indicated a desire to purchase such goods and/or services. Consumers may combine one or more loyalty accounts and the system calculates, according to a point to currency conversion, a currency value of a balance of points. The provider is able to see the currency value of the consumer's points, wherein the provider may determine to place a bid in the reverse auction. The system may not provide the consumer with access to the currency value. Both provider and consumer configure, manage, and participate in the auctions over a computerized network such as the internet.