Online bidding system
A method and computer program product is provided for an online bidding system. The method may include receiving a plurality of bids from a plurality of online bidding communities during a live auction event at one of a primary technology provider and a relying technology provider, wherein the live auction event simultaneously occurs on a physical auction floor and virtually. The method may also include processing the plurality of bids at the primary technology provider. The method may further include providing the processed plurality of bids to a single designated clerking console associated with the primary technology provider for the live auction event. The method may also include receiving an accepted bid from the single designated clerking console.
1. A computer-implemented method, executing on one or more computing devices, comprising:
receiving, via the one or more computing devices, a plurality of bids from a plurality of online bidding communities during a live auction event at one of a primary technology provider and a relying technology provider associated with an e-commerce website, wherein the live auction event simultaneously occurs on a physical auction floor and virtually, wherein a first online bidding community is associated with the primary technology provider and a second online bidding community is associated with the relying technology provider and wherein the primary technology provider and the relying technology provider each provide and host a discrete online bidding platform to allow one or more bidders included within their respective online bidding community to bid for items during the live auction event;
processing, via the one or more computing devices, the plurality of bids at the primary technology provider;
providing, via the one or more computing devices, the processed plurality of bids to a single designated clerking console associated with the primary technology provider for the live auction event, wherein the single designated clerking console is a computing device located at the live auction event that is operated by a single designated clerking operator who evaluates bids from at least one of the plurality of online bidding communities at the live auction event; and
receiving, via the one or more computing devices, an accepted bid from the single designated clerking console.
2. The computer-implemented method of claim 1 , further including:
if at least one bid of the plurality of bids is received at the relying technology provider from at least one bidder of the plurality of online bidding communities, receiving, at the primary technology provider, the at least one bid from the relying technology provider.
3. The computer-implemented method of claim 1 , further including:
receiving, at one of the primary technology provider and the relying technology provider, an absentee bid from at least one bidder of the plurality of online bidding communities prior to the live auction event.
4. The computer-implemented method of claim 3 , wherein the absentee bid includes a maximum bid.
5. The computer-implemented method of claim 3 , further including:
providing the absentee bid to the single designated clerking console for the live auction event.
6. The computer-implemented method of claim 1 , wherein the primary technology provider includes a relying partner trust gateway to authenticate communication from the relying technology provider and provide communication to the relying technology provider.
7. The computer-implemented method of claim 1 , wherein the plurality of bids are evaluated at the single designated clerking console in real-time with other bids during the live auction event.
8. The computer-implemented method of claim 1 further including:
providing the accepted bid from the primary technology provider to the relying technology provider.
9. The computer-implemented method of claim 1 , further including:
notifying the plurality of bidding communities of the accepted bid.
10. The computer-implemented method of claim 1 , further including:
processing, at the primary technology provider, post-sale settlement data associated with the accepted bid.
11. A computer program product residing on a non-transitory computer readable storage medium having a plurality of instructions stored thereon, which when executed by a processor, cause the processor to perform operations comprising:
receiving, via the one or more computing devices, a plurality of bids from a plurality of online bidding communities during a live auction event at one of a primary technology provider and a relying technology provider associated with an e-commerce website, wherein the live auction event simultaneously occurs on a physical auction floor and virtually, wherein a first online bidding community is associated with the primary technology provider and a second online bidding community is associated with the relying technology provider and wherein the primary technology provider and the relying technology provider each provide and host a discrete online bidding platform to allow one or more bidders included within their respective online bidding community to bid for items during the live auction event;
processing, via the one or more computing devices, the plurality of bids at the primary technology provider;
providing, via the one or more computing devices, the processed plurality of bids to a single designated clerking console associated with the primary technology provider for the live auction event, wherein the single designated clerking console is a computing device located at the live auction event that is operated by a single designated clerking operator who evaluates bids from at least one of the plurality of online bidding communities at the live auction event; and
receiving, via the one or more computing devices, an accepted bid from the single designated clerking console.
12. The computer program product of claim 11 , further including:
if at least one bid of the plurality of bids is received at the relying technology provider from at least one bidder of the plurality of online bidding communities, receiving, at the primary technology provider, the at least one bid from the relying technology provider.
13. The computer program product of claim 11 , further including:
receiving, at one of the primary technology provider and the relying technology provider, an absentee bid from at least one bidder of the plurality of online bidding communities prior to the live auction event.
14. The computer program product of claim 13 , wherein the absentee bid includes a maximum bid.
15. The computer program product of claim 13 , further including:
providing the absentee bid to the single designated clerking console for the live auction event.
16. The computer program product of claim 11 , wherein the primary technology provider includes a relying partner trust gateway to authenticate communication from the relying technology provider and provide communication to the relying technology provider.
17. The computer program product of claim 11 , wherein the plurality of bids are evaluated at the single designated clerking console in real-time with other bids during the live auction event.
18. The computer program product of claim 11 further including:
providing the accepted bid from the primary technology provider to the relying technology provider.
19. The computer program product of claim 11 , further including:
notifying the plurality of bidding communities of the accepted bid.
20. The computer program product of claim 11 , further including:
processing, at the primary technology provider, post-sale settlement data associated with the accepted bid.