SYSTEM AND METHOD FOR ADMINISTERING A COMMUNICATION NETWORK BASED AUCTION

摘要

A system and method for administering a communication network based auction is provided. The system includes a server (10) accessible via a network (100) for providing communication between bidders (80) and associated merchants (90). The server (10) includes a processor (12), a memory (14) and input/output device (16). Memory (14) stores a bidder database (20), auction item database (30), bid database (40), merchant/discount database (50) and computer programs (45) for operating server (10). Losing bidders receive a discount on the auction item that may be redeemed at one or more associated merchants (90).