IP Library › Granted Patent US 12,354,154
Granted Patent B2
US 12,354,154 · App. 18/094,174 · Granted Jul 8, 2025

Systems and methods for purchasing arbitrage

Inventors: Howard W. Lutnick (New York, NY); Colin Sims (New York, NY); Ari Friedman (New York, NY); Mark Miller (Chicago, IL)
Assignee: CFPH, LLC
G06Q30/0635G06Q20/20G06Q30/06G06Q50/12G07F7/0886
View Patent ↗
Loading inventors, assignments & file history…
Monitor This Case
Get email alerts when status or documents change.
Order Certified Copies
Most orders are placed with the USPTO same day — all within 24 business hours.
Order via The Patent Place →
Pre-filled with this patent's details
Quick Facts
Patent No.
US 12,354,154
App. No.
18/094,174
Granted
Jul 8, 2025
Kind
B2
Abstract

Various systems and methods that may relate to referral and/or delivery services are described. Some embodiments may include receiving from a user on a remote device an order for delivery of a plurality of items. Each item comprises a unique identifier. Embodiments also may include determining a location of the user; identifying at least two providers located within a radius of the user, in which each provider is capable of delivering the requested items; computing for each provider a total cost of delivery of the requested items; receive a request for a first provider to deliver the requested item; and facilitate delivery of the items.

Claims (26)

1. An apparatus for delivery of items purchased by a user from a plurality of retailers, wherein delivery is performed by a plurality of agents utilizing computing devices connected to a network and to a Global Positioning System (GPS), a computing device of one or more of the plurality of agents configured to:

receive a request to transport the items purchased from the plurality of retailers;

assign (i) first number of agents of the plurality of agents to transport the items purchased from one or more of the plurality of retailers to an intermediary site, and (ii) second number of agents of the plurality of agents to transport the items purchased from the intermediary site to the user, wherein the assigning is based on proximity of the first number of agents to the plurality of retailers and of the second number of agents to the intermediary site at a specified time of the request; and

request the first number of agents and the second number of agents to perform their respective assignments at the specified time,

wherein the intermediary site is adjusted in real time based at least in part on real time GPS data provided by computing devices of the first number of agents and the second number of agents.

2. The apparatus of claim 1 , wherein the computing device is further configured to: assign third number of agents of the plurality of agents to receive and hold the items purchased that were transported by the first number of agents at the intermediary site, until the second number of agents arrive.

3. The apparatus of claim 1 , wherein the items purchased are purchased from more than one of the plurality of retailers.

4. The apparatus of claim 1 , wherein to assign comprises: execution of an auction to establish costs for fully and partially transporting the items purchased, bids in the auction being submitted by the one or more of the plurality of agents, wherein fully and partially transporting, respectively entail transporting at the specified time from the one or more of the plurality of retailers to the intermediary site and from the intermediary site to the user.

5. The apparatus of claim 1 , wherein the plurality of the agents include livery drivers.

6. The apparatus of claim 1 , wherein the computing device is further configured to: compare routes of travel of the plurality of agents to geographic locations of the user, the intermediary site, and the plurality of retailers.

7. A method for delivery of items purchased by a user from a plurality of retailers, delivery is performed by a plurality of agents utilizing computing devices connected to a network and to a Global Positioning System (GPS), a computing device of one or more of the plurality of agents, the method comprising:

receiving a request to transport the items purchased from the plurality of retailers;

assigning (i) first number of agents of the plurality of agents to transport the items purchased from one or more of the plurality of retailers to an intermediary site, and (ii) second number of agents of the plurality of agents to transport the items purchased from the intermediary site to the user, wherein the assigning is based on proximity of the first number of agents to the plurality of retailers and of the second number of agents to the intermediary site at a specified time of the request; and

requesting the first number of agents and the second number of agents to perform their respective assignments at the specified time,

wherein the intermediary site is adjusted in real time based at least in part on real time GPS data provided by computing devices of the first number of agents and the second number of agents.

8. The method of claim 7 , further comprising assigning third number of agents of the plurality of agents to receive and hold the items purchased that were transported by the first number of agents at the intermediary site, until the second number of agents arrive.

9. The method of claim 7 , wherein the items purchased are purchased from more than one of the plurality of retailers.

10. The method of claim 7 , wherein assigning comprises executing an auction to establish costs for fully and partially transporting of the items purchased, bids in the auction being submitted by the one or more of the plurality of agents, wherein fully and partially transporting respectively entail transporting at the specified time from one of the plurality of retailers to the intermediary site and from one of the intermediary site to the user.

11. The method of claim 7 , wherein the plurality of the agents include livery drivers.

12. The method of claim 7 , wherein assigning comprises comparing routes of travel of the plurality of agents to geographic locations of the user, the intermediary site, and the plurality of retailers.

13. The method of claim 7 , wherein the computing device comprises a point of sale, and further comprising receiving from the user: (i) payment information regarding the items purchased, (ii) an address of a geographic locations of the user for delivery of the items, and (iii) a time for delivery.

14. The method of claim 7 , further comprising determining the plurality of retailers based on a lowest price for the items ordered.

15. The method of claim 7 , further comprising the first number of agents collecting the items purchased from shelves at the plurality of retailers.

16. The apparatus of claim 1 , wherein the computing device comprises a point of sale and is further configured to receive from the user: (i) payment information regarding the items purchased, (ii) an address of a geographic locations of the user for delivery of the items, and (iii) a time for delivery.

17. The apparatus of claim 1 , wherein the computing device is further configured to determine the plurality of retailers based on a lowest price for the items purchased.

18. The apparatus of claim 1 , wherein the first number of agents collect the items purchased from shelves at the plurality of retailers.

Continuity (6)
Continuation 16042564 · Jul 23, 2018
Continuation In Part 15795212 · Oct 26, 2017
Continuation In Part 13839236 · Mar 15, 2013
Continuation In Part 13022885 · Feb 8, 2011
Provisional Application 61434502 · Jan 20, 2011
Related Publication 20230222565A1 · Jul 13, 2023
References Cited (18)
US 7596513B2 · Fargo · 2009 [cited by applicant]
US 8170915B2 · Borders · 2012 [cited by examiner]
US 8332275B2 · Poon et al. · 2012 [cited by applicant]
US 10032210B2 · Lutnick · 2018 [cited by examiner]
US 20090327047A1 · Sussman · 2009 [cited by examiner]
US 20100114732A1 · Hull · 2010 [cited by examiner]
US 20120089531A1 · Klingenberg · 2012 [cited by examiner]
US 20130066740A1 · Ouímet et al. · 2013 [cited by applicant]
US 20190228351A1 · Simpson · 2019 [cited by examiner]
US 20200286008A1 · Shen · 2020 [cited by examiner]
CN 1582449 · 2005 [cited by applicant]
CN 1750985 · 2006 [cited by applicant]
CN 101213571 · 2008 [cited by applicant]
CN 101657830 · 2010 [cited by applicant]
CN 102208074 · 2011 [cited by applicant]
CN 102521774 · 2012 [cited by applicant]
JP 2004001974 · 2004 [cited by applicant]
TW 201305928 · 2013 [cited by applicant]