ebrary released details about its new usage-triggered short-term loans. Currently in beta, the new loan model is designed to give libraries the benefits of traditional short-term loans with the ability to only pay if titles are actually used. The new short-term loans are available for one or seven day periods. When the loan is triggered, libraries receive a notification and are given a selection of options that includes purchasing the title, making it available for purchase through patron-driven acquisition, or offering another short-term loan. Libraries can offer up to three loans per title.
Additional features and benefits of the program include the ability to offer the loans as a standalone service or in conjunction with patron-driven acquisition, a do-it-yourself title selection, real-time collection management, and a growing selection of eligible ebooks from publishers like Cambridge University Press, Elsevier, The McGraw-Hill Companies, and Wiley.