Obtaining transaction accounts using identification cards

• US 7,669,758 B2
• Filed: 04/04/2006
• Issued: 03/02/2010
• Est. Priority Date: 04/04/2006
• Status: Expired due to Fees

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: ERIKSON, Glade
• Primary Examiner(s): Frech, Karl D.
• Application Number:
  US11/278,629
• Publication Number:
  US 20070228153A1
• Time in Patent Office: 1,428 Days
• Field of Search: 235/380, 235/382, 235/379
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system, method, and computer program product are used to obtain a transaction account. The system comprises at least one input device, at least one credit requesting system, at least one transaction account provider, and at least one credit reporting agency. The input device receives an identification card (e.g., driver'"'"'s license) and possibly additional information from an individual. The data is then used to automatically generate a transaction account application The transaction account provider receives and evaluates the transaction account application. The credit requesting system is coupled to the transaction account provider and the at least one input device. The credit requesting system controls transmission of the transaction account application to the transaction account provider and receives the evaluation result from the transaction account provider.

Claims

1. A method, comprising:

receiving, at an input device, captured personal information from an identification card used to identify an individual;

determining, using the input device, validity of the identification card;

when the determining is successful, populating, using the input device, the personal information into a transaction account application;

transmitting, using the input device, the populated transaction account application to a transaction account provider to evaluate the populated transaction account application and produce a result of the evaluation; and

receiving the result of the evaluation at the input device.

2. The method of claim 1, further comprising, before the transmitting:

using the input device to review the populated transaction account application, and if necessary, to correct said data or provide additional data.

3. The method of claim 2, wherein the additional data provided comprises at least a Social Security Number or a Partial Social Security Number.

4. The method of claim 1, wherein the evaluating comprises:

requesting a search of a database of at least one credit reporting agency using the populated transaction account application.

5. The method of claim 1, wherein the determining comprises:

comparing the personal information read from the identification card with data stored in a database of known identification cards; and

determining the validity of the identification card using a result of the comparing.

6. The method of claim 5, further comprising:

entering the identification card into a database of counterfeit identification cards if the result indicates said identification card is invalid.

7. The method of claim 1, wherein the receiving, determining, populating, transmitting, and receiving are performed in one of a public place, a store, and a point-of-sale area.

8. A system, comprising:

means for capturing personal information from an identification card of an individual used to identify the individual and populating a transaction account application; and

means for evaluating the populated transaction account application using a credit report received from at least one credit reporting agency that is based on the personal information in the populated transaction account application.

9. The system of claim 8, further comprising:

means for coupling together the input device and the transaction account provider.

10. The system of claim 9, wherein the means for capturing personal information comprises a card reader.

11. The system of claim 10, wherein the means for capturing personal information is located in one of a public place, a store, and a point-of-sale area.

12. A computer program product for obtaining a transaction account, the computer program product comprising a computer readable medium having control logic stored therein, said control logic comprising:

first computer readable program code means for causing the computer to automatically receive, at an input device, captured personal information from an identification card used to identify an individual;

second computer readable program code means for causing the computer to receive additional identifying information from the individual;

third computer readable program code means for causing the computer to determine, using the input device, validity of the identification card;

fourth computer readable code means for causing the computer to populate, using the input device, when the determining is successful, the personal information into a transaction account application;

fifth computer readable code means for causing the computer to transmit, using the input device, the populated transaction account application to a transaction account provider to evaluate the populated transaction account application and produce a result of the evaluation; and

sixth computer readable program code means for causing the computer to receive the result of the evaluation at the input device.

13. The computer program product of claim 12, wherein said fifth computer readable program code means causes the computer to request a search of a database of at least one credit reporting agency to retrieve a credit report, whereby the credit report is used in part to evaluate the transaction account application.

14. The computer program product of claim 12, wherein the additional information comprises at least a Social Security Number or a Partial Social Security Number.

15. A tangible computer-readable medium having stored thereon, computer-executable instructions that, if executed by a computing device, cause the computing device to perform a method, the method comprising:

receiving captured personal information from an identification card used to identify an individual;

determining validity of the identification card;

when the determining is successful, populating the personal information into a transaction account application;

transmitting the populated transaction account application to a transaction account provider to evaluate the populated transaction account application and produce a result of the evaluation; and

receiving the result of the evaluation.

16. The tangible computer-readable medium of claim 15, wherein the computing device further performs the method further comprising:

comparing the personal information read from the identification card with data stored in a database of known identification cards; and

determining the validity of the identification card using a result of the comparing.