Method and apparatus for providing online financial account services
First Claim
Patent Images
1. A method of remotely opening a demand deposit account with a financial institution, the method comprising the acts of:
- receiving electronically demand deposit account application data from a remote customer;
processing the application through at least one filter to assess the risk to the financial institution of accepting the application;
establishing the demand deposit account electronically based on data provided in the application; and
transferring funds to the demand deposit account electronically.
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Accused Products
Abstract
A fully-integrated and substantially-automated system and method for providing wholly-integrated account services over the Internet by which a consumer can establish a financial account electronically, without physically visiting the financial institution, and a system for effecting the method. The system and method provide the ability to perform real-time or near real-time demand deposit account openings through the Internet, to automate funding of the account products chosen by the customer, and for fulfillment support of the account products.
139 Citations
29 Claims
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1. A method of remotely opening a demand deposit account with a financial institution, the method comprising the acts of:
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receiving electronically demand deposit account application data from a remote customer;
processing the application through at least one filter to assess the risk to the financial institution of accepting the application;
establishing the demand deposit account electronically based on data provided in the application; and
transferring funds to the demand deposit account electronically. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method of remotely opening a demand deposit account with a financial institution, the method comprising the acts of:
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receiving electronically demand deposit account application data from a remote customer;
processing the application through at least one filter to assess the risk and generate a risk number to quantify the level of risk to the financial institution of accepting the application;
comparing the risk number to an acceptable risk value set by the financial institution;
establishing the demand deposit account electronically based on data provided in the application; and
transferring funds to the demand deposit account electronically. - View Dependent Claims (10, 11, 12, 13, 14)
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15. An automated system for remotely opening a demand deposit account with a financial institution, the system comprising:
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an automated computer-based program stored in the system to assess the risk of accepting a customer application using data provided in the application;
an automated computer-based program stored in the system for establishing a demand deposit account using data provided in the application; and
a computer-based program stored in the system for electronically transferring funds into the account. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22)
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23. An automated system for remotely opening a demand deposit account with a financial institution, the system comprising:
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an automated computer-based program stored in the system to assess the risk of accepting a customer application using data provided in the application by generating a risk number to quantify the level of risk;
an automated computer-based program stored in the system to compare the risk number to an acceptable risk value set by the financial institution;
an automated computer-based program stored in the system for establishing a demand deposit account using data provided in the application; and
a computer-based program stored in the system for electronically transferring funds into the account. - View Dependent Claims (24, 25, 26, 27, 28, 29)
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Specification