News Column

Patent Issued for Mobile Consumer-To-Consumer Personal Point of Sale System and Related Business Method

September 3, 2014



By a News Reporter-Staff News Editor at Journal of Engineering -- From Alexandria, Virginia, VerticalNews journalists report that a patent by the inventor Jacobsen, Jeffrey J. (Hollister, CA), filed on May 14, 2008, was published online on August 19, 2014.

The patent's assignee for patent number 8812399 is Kopin Corporation (Westborough, MA).

News editors obtained the following quote from the background information supplied by the inventors: "Although Internet commerce today is both easy and powerful, effort spent and time lost searching the Internet for product and service pricing and availability presents a major detraction and can cause online purchasing often to be fraught with difficulties. Although finding a low price is very important to Internet buyers and often a major factor in the online purchasing decision, other parameters are also very important, such as vendor reliability and security. Many online buyers would sacrifice saving and forgo the lowest price, or may even pay more, in order to ensure a secure transaction and prompt shipping of the desired items or services.

"In addition, a new generation of wireless computing products is coming to market with substantial memory capabilities and wireless interfaces, such as cellular and Wi-Fi.TM., to remotely communicate with the Internet that can enable electronic commerce between a user and a website in a remote manner. Many users are carrying consumer payment providers are now using mobile phones as a payment device by enabling the user to simply transmit payment information to a terminal directly from the wireless device to pay for an item. The mobile phone can also include a personal database with exceptional wireless connectivity and the ability to store vast amounts of digital information.

"Internet consumers often will purchase items after obtaining information about products and services from other consumers by word of mouth. This information may include price, quality and reliability of goods or services, and shipping, warranty, transaction security and other information that the consumer generally can not readily obtain from a vendor by, for example, inspecting the vendor's webpage. Moreover, the vendor's website information often can be difficult to navigate, place pertinent information on remote pages and provide information that may vary in accuracy with regard to the actual customer experience.

"Consumers do not wish to perform exhausting amounts of searching by reading countless reviews, blogs and consumer review sites, may of which often charge a fee to access relevant information, to obtain this information. This is true especially if friends or consumers located close by already have this information.

"Accordingly, there is a need in the art for a wireless mobile business method that remedies these known problems in the art."

As a supplement to the background information on this patent, VerticalNews correspondents also obtained the inventor's summary information for this patent: "A business method for selling good or services in a wireless manner is provided. The business method provides a first mobile computing device having a first processor, a first memory, and a first wireless interface. The method also includes providing a second mobile computing device having a second processor, a second memory, and a second wireless interface.

"A shopping history is stored in the first memory from a purchasing history of an entity associated with the first mobile computing device. An identification of source and an identification of cost of the shopping history is stored. The identification of source provides a wireless link to at least one vendor across the Internet associated with each item in the shopping history.

"The link is configured to communicate a purchase order to the vendor and a shipping destination. The method also has the step of purchasing a designated item. The purchase can be by an entity associated with the second mobile computing device. The purchase uses information from the shopping history. The second entity selects an item in the shopping history to purchase using a software application on either the first or the second mobile computing device.

"The item is shipped from the vendor to the entity associated with the second mobile computing device. Funds are transferred from the entity associated with the second mobile computing device to the vendor. A referral fee is paid to the entity associated with the first mobile computing device."

For additional information on this patent, see: Jacobsen, Jeffrey J.. Mobile Consumer-To-Consumer Personal Point of Sale System and Related Business Method. U.S. Patent Number 8812399, filed May 14, 2008, and published online on August 19, 2014. Patent URL: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8812399.PN.&OS=PN/8812399RS=PN/8812399

Keywords for this news article include: Kopin Corporation.

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Source: Journal of Engineering


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