Abstract:
The invention relates to a computer-implemented data processing system which comprises a database, an offering module comprising an offering user interface for a pawner to enter an indication of an item to be pawned into the database, a bidding module comprising a bidding user interface for at least one bidder to enter at least one bid into the database, a selection module for selecting one of the at least one bid as a winning bid and the bidder of the winning bid as a pawnee, a release declaration module for declaring a release of the item if the release declaration module receives a release remark, and a release notification module for notifying the pawnee that the item was released if the release declaration module declares a release of the item.

INTRODUCTION
The fusion of computer technology and communication technology gave birth to new era of digital age (William Sayer, 2003). This fusion is what we know today as information technology. Information technology is the collaboration of industries dealing with computer, telephone, and various handheld devices. These technologies greatly affect the business industry.
Pawnshop System (PSS) is an individual or business that offers secured loans to people, with items of personal property used as collateral. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral. The system is intuitive and easy to use.
The Pawnshop System (PSS) if an item is pawned for a loan, within a certain contractual period of time the pawner may purchase it back for the amount of the loan plus some agreed-upon amount for interest. The amount of time, and rate of interest, is governed by law or by the pawnbroker's policies. If the loan is not paid (or extended, if applicable) within the time period, the pawned item will be offered for sale by the pawner/secondhand dealer. Unlike other lenders, though, the pawner does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item and may recoup the loan value through outright sale of the item. The pawner/secondhand dealer also sells items that have been sold outright by customers to the Pawner or secondhand dealer.
STATEMENT OF THE PROBLEM

BACKGROUND OF STUDY
A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral.
If an item is pawned for a loan, within a certain contractual period of time the pawner may redeem it for the amount of the loan plus some agreed-upon amount for interest. The amount of time, and rate of interest, is governed by law or by the pawnbroker's policies. If the loan is not paid (or extended, if applicable) within the time period, the pawned item will be offered for sale by the pawnbroker. Unlike other lenders, the pawnbroker does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item and may recoup the loan value through outright sale of the item. The pawnbroker also sells items that have been sold outright to them by customers.

[0001] For a customer interested in borrowing money, it becomes more and more important to provide sufficient securities. While banking and other financial institutions usually address customers who are interested in borrowing a large sum of money in exchange for considerable securities like, for example, real estate, they usually do not address the interests and needs of so-called small borrowers. For these, pawn shops provide an additional source of credit. A pawn shop offers secured loans to people with items of personal property used as collateral. Pawning an item for a loan implies that the customer, or pawner, delivers the item to the pawn shop. Within a certain period of time, the pawner may purchase the item back. If the loan is not paid back within the time period or, if applicable, the time period is not extended, the pawned item will be offered for sale by the pawn shop. The pawn shop may, for example, auction off the pawned item after the time period expires.

[0002] Using the services of conventional pawn shops usually brings about the inconvenience to the customer that he has to bring or send the item to the pawn shop before the pawn shop decides to make an offer on the item. Moreover, having brought the item to the pawn shop for inspection, the pawn shop usually makes only one offer which the customer may accept or not.

SCOPE AND LIMITATION

Scope

Limitations

The system will not secure the money from the theft.