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Rental method and system among multiple parties

  • US 8,682,804 B1
  • Filed: 09/19/2006
  • Issued: 03/25/2014
  • Est. Priority Date: 09/21/2005
  • Status: Expired due to Fees
First Claim
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1. A method for rental of items among a plurality of participants, each item belonging to one of a plurality of standardized item types, the method implemented on a data processing system, the method comprising:

  • maintaining, on the data processing system, a first list of rental requests, said first list comprising a rental request, by a first participant from the plurality of participants, for a first item type from the plurality of standardized item types;

    maintaining, on the data processing system, a second list of rental offers, said second list comprising a rental offer, by a second participant from the plurality of participants, for a second item type from the plurality of standardized item types;

    receiving, by the data processing system, an offer to rent out an item of a third item type from the plurality of standardized item types by a third participant from the plurality of participants; and

    automatically matching said offer to rent with said rental request in said first list if a first condition is satisfied, wherein said first condition comprises said first item type being the same as said third item type, whereby an item rental process, if said matching is successful, is automatically initiated, by the data processing system, between said first participant and said third participant.

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