Purchase and rental system and method
OwnerKalman Gacsinventor
Life of this patent
Estimating the term…
Abstract
One embodiment of the system involves providing one or more goods that are physically present but secured against removal through some locking or restraint mechanism. If a consumer desires a locked item, the consumer effects payment via remote means, such as via use of the Internet and/or via a smartphone. Upon confirmation of payment, the system responds with a means for the consumer to remove the lock from the purchased item and to take immediate possession. In some cases, this may be via the provision of a combination or code that is then used physically by the user to unlock the merchandise.
Claims15
A method of implementing a financial transaction for an item comprising:
- securing an item at a location with a locking mechanism wherein the locking mechanism may be opened using a code;
- in a processing system;
- associating a payment processing system with the item;
- accessing the payment processing system by a user and providing payment for the item;
- providing the user with the code upon confirmation of the payment.
Dependencies are inferred from the claim text.