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 or timed 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 or wherein the timed auction occurs virtually;
processing, via the one or more computing devices, the plurality of bids at the primary technology provider for the live auction;
processing a plurality of bids at the primary technology provider's designated central services network zone for the timed auction;
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;
providing the processed plurality of bids from the live auction event, or the timed auction to a shared message queuing array within the designated central services network zone;
receiving, via the one or more computing devices, an accepted bid from the single designated clerking console; and
receiving bid status information from the shared message queuing array.
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 or timed 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 or wherein the timed auction occurs virtually;
processing, via the one or more computing devices, the plurality of bids at the primary technology provider for the live auction;
processing a plurality of bids at the primary technology provider's designated central services network zone for the timed auction;
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;
providing the processed plurality of bids from the live auction event, or the timed auction to a shared message queuing array within the designated central services network zone;
receiving, via the one or more computing devices, an accepted bid from the single designated clerking console; and
receiving bid status information from the shared message queuing array.
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.