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Systems, methods, and apparatus for instant issuance of a credit card

  • US 6,877,656 B1
  • Filed: 10/24/2000
  • Issued: 04/12/2005
  • Est. Priority Date: 10/24/2000
  • Status: Active Grant
First Claim
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1. A method for instantly issuing a credit card using a central computing platform and a remote dispensing apparatus, the method comprising:

  • receiving a credit card application from an applicant at a remote location;

    instantly decisioning the credit card application;

    if declined;

    instantly notifying the applicant at the remote location; and

    if approved;

    determining whether a security deposit is necessary, based on the application;

    receiving a security deposit at the remote location, if it is determined that the security deposit is necessary; and

    instantly dispensing the credit card using the remote dispensing apparatus at the remote location, after the security deposit, if determined necessary, has been received.

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