Method and system for managing account information
First Claim
1. A method for establishing a credit account comprising:
- receiving initial information from a consumer sufficient to permit a trusted third party to establish said consumer as a subscriber of said trusted third party'"'"'s services;
establishing said consumer as a subscriber of said trusted third party, wherein the number for accessing a communication device of said subscriber is retained on one or more hardware devices by said trusted third party;
said subscriber requesting a credit account from an account provider;
said account provider contacting a credit bureau and requesting said subscriber'"'"'s credit file;
said credit bureau providing said account provider with said subscriber'"'"'s credit file containing contact information for said trusted third party and identifying information for said subscriber;
said account provider requesting authorization from said trusted third party to open said subscriber'"'"'s account;
said trusted third party contacting said subscriber on said subscriber'"'"'s communication device;
said subscriber providing said trusted third party with confirmation that said subscriber desires said account provider to be provided access to said credit file; and
said trusted third party authorizing said account provider to proceed in opening said account on behalf of said subscriber.
8 Assignments
0 Petitions
Accused Products
Abstract
A method and system for authenticating the identity of a consumer is disclosed. After the consumer is authenticated by a trusted third party, the consumer designates accounts that the consumer wishes to “lock.” When a party requests access to that account, the consumer is notified through the consumer'"'"'s phone and asked to input a PIN. If the consumer provides the PIN, the requestor is granted access to the consumer'"'"'s account without requiring further input from the consumer. If the party authorizing the transaction in this “two-factor” authentication does not possess both the phone and the consumer'"'"'s PIN, or that party elects not to provide the PIN, the request will not be authenticated.
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Citations
6 Claims
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1. A method for establishing a credit account comprising:
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receiving initial information from a consumer sufficient to permit a trusted third party to establish said consumer as a subscriber of said trusted third party'"'"'s services; establishing said consumer as a subscriber of said trusted third party, wherein the number for accessing a communication device of said subscriber is retained on one or more hardware devices by said trusted third party; said subscriber requesting a credit account from an account provider; said account provider contacting a credit bureau and requesting said subscriber'"'"'s credit file; said credit bureau providing said account provider with said subscriber'"'"'s credit file containing contact information for said trusted third party and identifying information for said subscriber; said account provider requesting authorization from said trusted third party to open said subscriber'"'"'s account; said trusted third party contacting said subscriber on said subscriber'"'"'s communication device; said subscriber providing said trusted third party with confirmation that said subscriber desires said account provider to be provided access to said credit file; and said trusted third party authorizing said account provider to proceed in opening said account on behalf of said subscriber. - View Dependent Claims (2, 3, 4, 5, 6)
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Specification