Method and system for underwriting and servicing financial accounts
First Claim
1. A method of providing underwriting and/or servicing of an financial account, comprising the steps of:
- receiving account application information including a bank account information;
depositing at least one deposit amount to the bank account corresponding to the received bank account information;
receiving a deposit verification amount;
comparing the received deposit verification amount with the deposited at least one deposit amount; and
generating a financial account corresponding to the received account application information, where the financial account is electronically linked to the bank account.
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Accused Products
Abstract
Method and system for providing financial account underwriting and servicing exclusively using online transactions by requiring a link to the account holder'"'"'s bank account as a condition of account approval process and account servicing performed exclusively online with the account holders including the steps of receiving account application information including a bank account information, depositing at least one deposit amount to the bank account corresponding to the received bank account information, receiving a deposit verification amount, from the applicant, confirming the deposit verification amount received from the applicant, and generating a financial account corresponding to the received account application information, where the financial account is electronically linked to the bank account for periodic debit transaction to withdraw funds from the linked bank account and to deposit the withdrawn funds into the linked financial account, and a server terminal configured to perform these steps are provided.
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Citations
20 Claims
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1. A method of providing underwriting and/or servicing of an financial account, comprising the steps of:
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receiving account application information including a bank account information;
depositing at least one deposit amount to the bank account corresponding to the received bank account information;
receiving a deposit verification amount;
comparing the received deposit verification amount with the deposited at least one deposit amount; and
generating a financial account corresponding to the received account application information, where the financial account is electronically linked to the bank account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for providing underwriting and/or servicing of an financial account, comprising:
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a data network;
a user terminal operatively coupled to said data network configured to transmit and receive data therefrom;
a server terminal operatively coupled to said data network, said server terminal further configured to;
receive account application information including a bank account information from said user terminal;
deposit at least one deposit amount to the bank account corresponding to the received bank account information;
receive receiving a deposit verification amount from said user terminal;
compare the received deposit verification amount with the deposited at least one deposit amount; and
generate a financial account corresponding to the received account application information, where the financial account is electronically linked to the bank account. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
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20. A program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a method of providing underwriting and/or servicing of an financial account, comprising the steps of:
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receiving account application information including a bank account information;
depositing at least one deposit amount to the bank account corresponding to the received bank account information;
receiving a deposit verification amount;
comparing the received deposit verification amount with the deposited at least one deposit amount; and
generating a financial account corresponding to the received account application information, where the financial account is electronically linked to the bank account.
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Specification