SYSTEM AND METHOD FOR REAL TIME ACCOUNT AND ACCOUNT NUMBER GENERATION USING ORIGINATION APIS

• US 20090043677A1
• Filed: 08/06/2008
• Published: 02/12/2009
• Est. Priority Date: 08/10/2007
• Status: Active Grant

• Current Assignee: AccountNow Incorporated
• Original Assignee: AccountNow Incorporated
• Inventors: Pacheco, Greg, Coltrell, Tim, Montes, Matt, Kjellen, Daniel, Ropolo, Shelly, DeYoe, David
• Granted Patent: US 7,849,010 B2
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A system and method generate an account in real time in accordance with an application programming interface (API). The API contains parameter descriptions listing universal resource locator (URL) parameters associated with items. A format for implementing an http request to transmit data to in compliance with the defined format is disclosed. A transparent mode for transmitting a response to an http request transmitting data provides for the transmission of an extensible markup language (XML) formatted file communicating an outcome to the request.

Claims

1. A method for creating an account in real time comprising:

receiving applicant data formatted according to an application programming interface (API);

associating a bank account with the account;

generating an account number for the account; and

providing the account number identifying the account.

2. The method of claim 1 wherein providing the account number is accomplished by a providing a web page including the account number.

3. The method of claim 1 wherein the account number is provided in transparent mode.

4. The method of claim 3 wherein transparent mode comprises providing a tag formatted in accordance with the extensible markup language (XML).

5. The method of claim 1 further comprising transmitting the account number to a commercial establishment for approval of a purchase of goods or services.

6. The method of claim 1 wherein the bank account is selected from a plurality of different banks.

7. The method of claim 6 wherein a bank selected from the plurality of banks is identified by an issuing bank identification number.

8. The method of claim 1 wherein a social security number and a date of birth received in accordance with the application programming interface are used to validate identity.

9. A system for creating an account in real time comprising:

a first computing device having information describing an applicant;

a second computing device coupled to a computer readable medium containing a method to create a bank account wherein the method instructs the second computing device to;

receive an application from the first computing for an account including applicant data for the account wherein the applicant data is formatted according to an application programming interface (API);

associate a bank account with the account;

generate an account number for the account; and

provide the account number identifying the account to the first computing device.

10. The method of claim 9 wherein providing the account number is accomplished by a providing a web page including the account number.

11. The method of claim 9 wherein the account number is provided in transparent mode.

12. The method of claim 9 wherein the bank account associated is selected from a plurality of different banks and is identified by an issuing bank identification number.

13. The method of claim 9 further comprising transmitting the account number to a commercial establishment for approval of a purchase of goods or services.

14. A method for creating an account in real time embodied in a computer readable medium that when executed causes a computing device to:

receive applicant data for the account wherein the applicant data is formatted according to an application programming interface (API);

associate a bank account with the account;

generate an account number for the account; and

provide the account number identifying the account.

15. The method of claim 14 wherein providing the account number is accomplished by a providing a web page including the account number.

16. The method of claim 14 wherein the account number is provided in transparent mode.

17. The method of claim 14 wherein the bank account associated is selected from a plurality of different banks and is identified by an issuing bank identification number.

18. The method of claim 14 further comprising transmitting the account number to a commercial establishment for approval of a purchase of goods or services.

19. The method of claim 14 further comprising scrambling the account number before transmitting the account number.

20. The method of claim 14 wherein providing the account number is accomplished by transmitting the account number to a customer as a part of a web page.