System and method for establishing and providing access to various types of online accounts

• US 20040230517A1
• Filed: 04/23/2004
• Published: 11/18/2004
• Est. Priority Date: 05/15/2003
• Status: Active Grant

• Current Assignee: Cantor Index LLC
• Original Assignee: Cantor Index LLC
• Inventors: Crosthwaite, Dominic, Findlay, Lewis C.
• Granted Patent: US 7,925,577 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A method of providing an account is provided. The method includes receiving identification information associated with a user during a communication session. The method further includes communicating a request for credit information. The request includes at least a portion of the identification information. The method further includes receiving the requested credit information, and for each of a plurality of different types of accounts, determining whether to approve that type of account based at least in part on the received credit information. The method further includes communicating an indication of at least a portion of the approved types of accounts, and receiving a selection of at least one of the approved types of accounts. The method further includes opening at least one of the selected types of accounts and providing access to at least one of the opened accounts during the communication session.

Claims

1. A method of providing an account, comprising:

receiving identification information associated with a user during a communication session;

communicating a request for credit information, the request including at least a portion of the identification information;

receiving the requested credit information;

for each of a plurality of different types of accounts, determining whether to approve that type of account based at least in part on the received credit information;

communicating an indication of at least a portion of the approved types of accounts;

receiving a selection of at least one of the approved types of accounts;

opening at least one of the selected types of accounts; and

providing access to at least one of the opened accounts during the communication session.

2. The method of claim 1, wherein at least one of the plurality of different types of accounts comprises a credit account or a deposit account.

3. The method of claim 1, wherein at least one of the plurality of different types of accounts comprises a stop loss account.

4. The method of claim 1, wherein:

the received credit information comprises a credit score; and

determining whether to approve a particular type of account comprises determining whether to approve a particular type of account based at least in part on the credit score.

5. The method of claim 1, wherein:

the received credit information comprises a credit score and one or more credit information details; and

determining whether to approve a particular type of account comprises determining whether to approve a particular type of account based at least in part on the credit score and the credit information details.

6. The method of claim 5, wherein determining whether to approve a particular type of account comprises applying one or more business rules to the credit information details.

7. The method of claim 1, wherein:

the received credit information comprises an identity score and a credit score; and

determining whether to approve a particular type of account comprises determining whether to approve a particular type of account based at least in part on the identity score and the credit score.

8. The method of claim 7, wherein determining whether to approve a particular type of account comprises applying a decision matrix to the identity score and the credit score.

9. A system for providing an account, comprising:

a processor operable to;

receive identification information associated with a user during a communication session;

communicate a request for credit information, the request comprising at least a portion of the identification information;

receive the requested credit information;

determine, for each of a plurality of different types of accounts, whether to approve that type of account based at least in part on the received credit information;

communicate an indication of at least a portion of the approved types of accounts;

receive a selection of at least one of the approved types of accounts;

open at least one of the selected types of accounts; and

provide access to at least one of the opened accounts during the communication session; and

a memory operable to store the opened accounts.

10. The system of claim 9, wherein at least one the plurality of different types of accounts comprises a credit account or a deposit account.

11. The system of claim 9, wherein at least one of the plurality of different types of accounts comprises a stop loss account.

12. The system of claim 9, wherein:

the received credit information comprises a credit score; and

the processor determines whether to approve a particular type of account based at least in part on the credit score.

13. The system of claim 9, wherein:

the received credit information comprises a credit score and one or more credit information details; and

the processor determines whether to approve a particular type of account based at least in part on the credit score and the credit information details.

14. The system of claim 13, wherein the processor determines whether to approve a particular type of account by applying one or more business rules to the credit information details.

15. The system of claim 9, wherein:

the received credit information comprises an identity score and a credit score; and

the processor determines whether to approve a particular type of account based at least in part on the identity score and the credit score.

16. The system of claim 15, wherein the processor determines whether to approve a particular type of account by applying a decision matrix to the identity score and the credit score.

17. A method of providing an account, comprising:

electronically receiving requested credit information associated with a user;

for each of a plurality of different types of accounts, determining whether to approve that type of account based at least in part on the electronically received credit information;

opening at least one of the approved types of accounts; and

providing access to the opened account.

18. The method of claim 17, further comprising:

communicating an indication of at least a portion of the approved types of accounts;

receiving a selection of at least one of the approved types of accounts; and

wherein opening at least one of the approved types of accounts comprises opening at least one of the selected types of accounts.

19. A method of providing an account, comprising:

receiving credit information associated with a user;

for each of a plurality of different types of accounts, determining whether to approve a particular type of account based at least in part on the credit information;

opening at least one of the approved types of accounts; and

providing access to the opened account.

20. The method of claim 19, further comprising:

communicating an indication of each of the approved types of accounts;

receiving a selection of at least one of the approved types of accounts; and

wherein opening at least one of the approved types of accounts comprises opening at least one of the selected types of accounts.

21. The method of claim 19, wherein the plurality of different types of accounts comprises a credit account, a deposit account, and a stop-loss account.

22. The method of claim 19, wherein:

the received credit information comprises a credit score; and

determining whether to approve a particular type of account comprises determining whether to approve a particular type of account based at least in part on the credit score.

23. The method of claim 19, wherein:

the received credit information comprises a credit score and one or more credit information details; and

determining whether to approve a particular type of account comprises determining whether to approve a particular type of account based at least in part on the credit score and the credit information details.

24. The method of claim 23, wherein determining whether to approve a particular type of account comprises applying one or more business rules to the credit information details.

25. The method of claim 19, wherein:

the credit information received from the credit verification entity comprises an identity score and a credit score; and

determining whether to approve a particular type of account comprises determining whether to approve a particular type of account based at least in part on the identity score and the credit score.

26. The method of claim 25, wherein determining whether to approve a particular type of account comprises applying a decision matrix to the identity score and the credit score.