BORROWING AND LENDING PLATFORM AND METHOD

• US 20110178899A1
• Filed: 09/25/2009
• Published: 07/21/2011
• Est. Priority Date: 09/25/2008
• Status: Abandoned Application

• Current Assignee: Harelay LLC
• Original Assignee: Harelay LLC
• Inventors: Huszar, Maria
• Application Number:
  US13/120,180
• Publication Number:
  US 20110178899A1
• Time in Patent Office: Days
• US Class Current: 705/27.2
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0643 Graphical representation of items or shoppers
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A platform or apparatus or method, creating a market through electronic, digital or computerized means with global reach for the temporary exchange of goods among individuals as well as organizations. Participant devices (e.g. computers) and a central platform (e.g. a website) are connected through a global communications network. The platform, apparatus or method establishes a borrower-lender relationship that allows the borrower to gain possession of said goods for a period of time while assuring the lender, through a binding agreement, of the safe and secure handling, and of the return, of the borrowed item. The invention serves as a depository of such offerings, as well as the vehicle for arranging the temporary exchanges of goods. For printed goods and other image-scannable (electronic captuarable) items, an alternative embodiment allows a borrower to temporarily access an electronic (image) copy of the subject good.

Claims

1. A system for presenting a data record of a good for temporary exchange to a market for goods for temporary exchange, comprising:

in a wide area communication network, means for presenting and offering goods for temporary exchange from lenders to borrowers, a registration means for said borrowers and said lenders to register with the system for participating in said temporary exchange, a user interface to connect to said wide area communication network for said borrowers and said lender to post/depost items with said data for declaring the availability of said items for said temporary exchange, a database means for storing and tracking said data record of said good for temporary exchange and said registration record of said borrowers and lenders, a communications means for communicating with said system and said borrower and said lender to accept said registration data record of said borrower and said lender and to accept data record of said good for temporary exchange, a security fund depository means for said borrower to deposit funds for securing said lender'"'"'s agreement for said temporary exchange and for said borrower to have a depository means for transferring funds for the cumulative said related expenses of said good for temporary exchange, a payment clearing means for processing a payment request for related expenses of said temporary exchange from said borrower;

a central server computer for providing said features for said borrowers and said lenders;

a user interface for receiving textual, imagery and sound information between said borrower and said lender and said central server'"'"'s administrator;

a computer locally connected at each said lender'"'"'s and said borrower'"'"'s and said central server'"'"'s administrator'"'"'s location to said communication means, said user interface, said storage device, and

said computer adapted to generate a data record of said good for temporary exchange and a data record of said borrower'"'"'s and said lender'"'"'s registration information, said computer adapted to receive said digital image or sound means, incorporate said digital image or sound means into said data record of said good for temporary exchange.

2. The system of claim 1, wherein said post/depost system of said system provides for said lender to post said items with various identifying information of said item to make said item available for said borrowers in said market to borrow said items, where said identifying information may take form in textual, imagery, sound, or other forms of digital, electrical or otherwise known or not-yet known means, and where said identifying information is entered into said system by said participant through said computer locally connected to said system through said communications network at said participant'"'"'s location.

3. The system of claim 1, with the addition of a search/peruse means for said participants to search, peruse and find said items posted by said lenders on said user interface, for said participants to gain information of said items, and to provide the opportunity for said participants to develop a desire to borrow said items, and to provide the opportunity for said participants to know the location of said item on said user interface for the purpose of initiating said temporary exchange transaction if said participant wishes to initiate said temporary exchange transaction.

4. The system of claim 1, wherein said communications means is in the form of a messaging means, operationally connecting said borrowers and said lenders and said administrator of said system, where said communications means may be manually executed by said participants and said administrator of said system or said communications means may be executed automatically by said system when said participants engage in using the various means acting as parts of using said system and where said means are described in claims 1-12 or may include claims not described or not yet invented but may be apparent to a person skilled in the art, having a main purpose of providing said communication between said borrowers and said lenders for the arrangement of said transactions of temporary exchange of said items, and said communications means having an additional purpose of providing said communication between said administrator of said system and said borrowers and said lenders for the purpose of communicating regarding said temporary exchange transactions, communicating regarding said borrowers'"'"' and lenders'"'"' said registration information or data information said borrowers and said lenders entered into said database relating to said items posted by said lenders, for said administrator of the system to transmit required or desired information to said borrowers and said lenders, and for the purpose of having a means of facilitating by said administrator of the system any required conciliation between said borrows and said lenders.

5. The system of claim 1, wherein said security fund depository means, having a purpose of providing a depository for funds by said borrowers to upload funds to secure said temporary exchange transaction with said lender to provide said lender with a security assurance of providing an alternative means of value, specified by said lender, of said item being temporarily exchanged between said lender and said borrower, and having a purpose of providing a central depository of funds by said borrowers to upload funds to satisfy payment obligations related to said temporary exchange transactions, serves in developing a secure and trusted network of said market for goods for said temporary exchange, and to facilitate said fund transfer needs related to said temporary exchange transactions.

6. The system of claim 5, wherein said upload funds feature relating to said security fund depository means is comprised of one or more connections to one or more external payment clearance, or may contain means of manual manner of said fund upload (e.g. a member may send a check, and his reserve account will be manually credited).

7. The system of claim 1, with the addition of a shipping label generation means to facilitate the preparation of requisite documentation for shipping by external shipping service provider of said item for said temporary exchange arranged between said lender and said borrower, and to provide for convenience for said borrower and said lender in preparing said requisite documentation for said shipping of said item, with the feature of said system automatically calculating costs of said shipping based on said data record entered into said system specific to said item by said lender at the time of said post/depost operation of said item by said lender and on shipping rates data received by said administrator of said system from said external shipping service provider and entered into said database of said system by said administrator of said system prior to arrangement of said temporary exchange transaction between said lender and said borrower.

8. The system of claim 7, with the addition of a means to provide shipping insurance for said item being shipped between said lender and said borrower, with the feature of said system automatically calculating costs of said shipping insurance based on said data record of said item entered into said database of said system by said lender at the time of said post/depost operation of said item by said lender and on shipping insurance rates data received from shipping insurance providing external entity and entered into said database of said system by said administrator of said system prior to arrangement of said temporary exchange transaction between said borrower and said lender.

9. The system of claim 1, with the addition of a rating means to provide for said borrower and said tender to rate each other on a measurable scale and to write a review of each other and of said temporary exchange transaction for the purpose of said rating and said review becoming visible to all said participants using said user interface, and to assist said participants to distinguish between desirable and trustworthy borrowers and lenders based on individual or cumulative rating data and review information provided by borrowers and lenders previously engaged in temporary exchange transactions with said borrower or said lender previous to said temporary exchange transaction.

10. The system of claim 1, with the addition of an ‘

account information 1600’

means for said registered participants to view their ‘

account information 1600’

, consisting of said registration information, said data and information entered into said system during the post/depost operation of said items posted by said participant, said participant'"'"'s messages with other participants and said administrator of said system, said participant'"'"'s reserve ‘

account information 1600’

, said participant'"'"'s shipping label generation information, said participant'"'"'s rating performed by said participant regarding participants with whom said participant previously engaged in temporary exchange transaction as well as said rating information said participants received form participants with whom said participant previously engaged in temporary exchange transactions.

11. The system of claim 1, with the addition of a compiling and/or aggregating means of said data entered into said database by said participants regarding said goods available for said temporary exchange transactions and data and information entered into said database by non-registered participants or by said administrator of said system or designees of said administrator of said system for the purpose of informational and educational viewing or use, where said compiling and/or aggregating of said data and said information may be performed for informational or educational purposes for selected or any participants or selected or any individuals or entities in the World as determined by said administrator of said system by the administrator of said system deriving or not deriving monetary or other advantages for said compilation and/or aggregation and/or sharing of said data and information, where said compiled and/or aggregated data and information may become significant in volume, scope, content, quality, scientific measures, historic measures or in other ways of said compilation and/or aggregation potentially becoming significant in not yet mentioned, measured or not yet existing terms.

12. The system of claim 1, where said market is created largely by the existence of said system, said system offering a “

place”

of cumulative information of available said goods for temporary exchange and offering a “

place”

for said participants to find said goods available for temporary exchange, offering the opportunity for said participants to arrange said temporary exchange transactions between themselves through said system, and offering the necessary tools for said participants to arrange said temporary exchange transactions between themselves through said system.