Systems and methods for facilitating a distribution of bank accounts via an educational institution
First Claim
Patent Images
1. A computer-implemented method performed by an account controller to facilitate a distribution of bank accounts to students from an educational institution, comprising:
- receiving, from the educational institution, information associated with a student;
validating the received information;
determining that a soft bank account will be created based on the received information;
establishing the soft bank account for the student based on the received information, wherein the soft bank account is established prior to receiving any indication of acceptance from the student;
delivering a token associated with the student to the student;
distributing a disbursement from the educational institution to said soft bank account or to a pre-existing accessible bank account associated with the student;
receiving an indication of acceptance from the student that includes a request to convert the soft bank account to an accessible bank account; and
converting the soft bank account to an accessible bank account in response to the received indication of acceptance and providing said student with access to said disbursement via the token.
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Accused Products
Abstract
According to some embodiments, systems and methods are provided to facilitate a distribution of bank accounts via an educational institution. For example, information associated with a student, faculty member, or alum may be received from a university. A soft bank account may then be established based on the received information. If an indication of acceptance is received (e.g., via a Web site), the soft bank account may be activated. The activated bank account may then be used to process banking transactions.
47 Citations
16 Claims
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1. A computer-implemented method performed by an account controller to facilitate a distribution of bank accounts to students from an educational institution, comprising:
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receiving, from the educational institution, information associated with a student; validating the received information; determining that a soft bank account will be created based on the received information; establishing the soft bank account for the student based on the received information, wherein the soft bank account is established prior to receiving any indication of acceptance from the student; delivering a token associated with the student to the student; distributing a disbursement from the educational institution to said soft bank account or to a pre-existing accessible bank account associated with the student; receiving an indication of acceptance from the student that includes a request to convert the soft bank account to an accessible bank account; and converting the soft bank account to an accessible bank account in response to the received indication of acceptance and providing said student with access to said disbursement via the token. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16)
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13. A medium storing instructions adapted to be executed by a processor to perform a method to facilitate a distribution of bank accounts to students from an educational institution, said method comprising:
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receiving, from the educational institution, information associated with a student; validating the received information; determining that a soft bank account will be created based on the received information; establishing the soft bank account for the student based on the received information, wherein the soft bank account is established prior to receiving any indication of acceptance from the student; delivering a token associated with the student to the student; distributing a disbursement from the educational institution to said soft bank account or to a pre-existing accessible bank account associated with the student; receiving an indication of acceptance from the student that includes a request to convert the soft bank account to an accessible bank account; and converting the soft bank account to an accessible bank account in response to the received indication of acceptance and providing said student with access to said disbursement via the token.
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Specification