Obtaining transaction accounts using identification cards

• US 7,891,558 B2
• Filed: 03/01/2010
• Issued: 02/22/2011
• 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:
  US12/715,249
• Publication Number:
  US 20100155468A1
• Time in Patent Office: 358 Days
• Field of Search: 235/380, 235/382, 235/379, 235/375
• 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 a computer-based system for obtaining transaction account data, captured personal information from an identification instrument used to identify an individual;

determining, by the computer-based system, validity of the identification instrument;

populating, by the computer-based system and in response to a valid identification instrument, the personal information into a transaction account application;

transmitting, by the computer-based system, the populated transaction account application to a transaction account provider, wherein the transaction account provider evaluates the populated transaction account application and produces a result of the evaluation; and

receiving, by the computer-based system, the result of the evaluation.

2. The method of claim 1, further comprising at least one of correcting the populated transaction account application or providing additional data, by the computer-based system and before the transmitting.

3. The method of claim 1, further comprising providing additional data, by the computer-based system and before the transmitting, wherein the additional data provided comprises at least one of a social security number or a partial social security number.

4. The method of claim 1, wherein the transaction account provider requests a search of a database of a credit reporting agency using the populated transaction account application.

5. The method of claim 1, wherein the determining further comprises comparing the personal information captured from the identification instrument with data stored in a database of known identification instruments.

6. The method of claim 5, further comprising entering the identification instrument into a database of counterfeit identification instruments in response to the comparing indicating the identification instrument is invalid.

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

8. The method of claim 1, wherein the receiving the captured personal information from the identification instrument is performed by a card reader.

9. The method of claim 1, wherein the identification instrument is an identification card.

10. A system for obtaining transaction account data, the system comprising:

a computer network communicating with a memory;

the memory communicating with a processor; and

the processor, when executing a computer program, is configured to;

receive captured personal information from an identification instrument used to identify an individual;

determine validity of the identification instrument;

populate, in response to a valid identification instrument, the personal information into a transaction account application;

transmit the populated transaction account application to a transaction account provider, wherein the transaction account provider evaluates the populated transaction account application and produces a result of the evaluation; and

receive the result of the evaluation.

11. The system of claim 10, wherein the system includes a card reader configured to receive the captured personal information from the identification instrument.

12. The system of claim 10, wherein the identification instrument is an identification card.

13. A tangible computer-readable medium having non-transitory computer-executable instructions stored thereon that, if executed by a computer-based system for obtaining transaction account data, cause said computer-based system to perform operations comprising:

receiving, at a computer-based system for obtaining transaction account data, captured personal information from an identification instrument used to identify an individual;

determining, by the computer-based system, validity of the identification instrument;

populating, by the computer-based system and in response to a valid identification instrument, the personal information into a transaction account application;

transmitting, by the computer-based system, the populated transaction account application to a transaction account provider, wherein the transaction account provider evaluates the populated transaction account application and produces a result of the evaluation; and

receiving, by the computer-based system, the result of the evaluation.

14. The medium of claim 13, further comprising at least one of correcting the populated transaction account application or providing additional data, by the computer-based system and before the transmitting.

15. The medium of claim 13, further comprising providing additional data, by the computer-based system and before the transmitting, wherein the additional data provided comprises at least one of a social security number or a partial social security number.

16. The medium of claim 13, wherein the transaction account provider requests a search of a database of a credit reporting agency using the populated transaction account application.

17. The medium of claim 13, wherein the determining further comprises comparing the personal information captured from the identification instrument with data stored in a database of known identification instruments.

18. The medium of claim 17, further comprising entering the identification instrument into a database of counterfeit identification instruments in response to the comparing indicating the identification instrument is invalid.

19. The medium of claim 13, wherein the receiving the captured personal information from the identification instrument is performed by a card reader.

20. The medium of claim 13, wherein the identification instrument is an identification card.