System for reducing information required to open a new account
First Claim
1. A non-transitory computer-readable medium having stored thereon a plurality of instructions for processing applications, the plurality of instructions, when executed by a processor, are configured to cause the processor to perform operations comprising:
- receiving, by the processor, an incomplete first account application of a customer, including a name of a customer and less than a full government identification number, and selection of a check box indicating that the customer is a pre-existing customer, wherein the received first account application does not include a pre-stored user ID or logon identifier;
transferring, by the processor, information entered by the customer in fields of the first account application to corresponding fields in a second account application, in response to the selection of a check box indicating that the customer is a pre-existing customer, wherein the transferring of the information from the first account application to the second account application is performed by an automated process;
verifying, by the processor, the information provided in the first account application against stored information of an existing transaction account to update customer information;
transmitting, by the processor, the second account application to the customer, wherein the second account application includes a fewer number of the fields for entering personal identification and financial information than the first account application which was previously presented to the customer, wherein the first application and the second application are applications for identical products or services;
receiving, by the processor, a submitted second account application from the customer; and
approving or denying, by the processor, the submitted second account application based on the information submitted with the second account application and retrieved stored information associated with the customer.
4 Assignments
0 Petitions
Accused Products
Abstract
An existing customer of a financial institution may open a new account with their financial institution using an optimized online interface. Initially, the interface presents a standard application for a new account in which an extensive number of fields for personal and financial information must be completed. A link is provided on this long application for use by existing account holders only. Upon selection of the link, an existing account holder is instead presented with a short application in which only the account holder'"'"'s name, a portion of their social security number, their existing account number, and their account confirmation identifier are required to be entered.
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Citations
21 Claims
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1. A non-transitory computer-readable medium having stored thereon a plurality of instructions for processing applications, the plurality of instructions, when executed by a processor, are configured to cause the processor to perform operations comprising:
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receiving, by the processor, an incomplete first account application of a customer, including a name of a customer and less than a full government identification number, and selection of a check box indicating that the customer is a pre-existing customer, wherein the received first account application does not include a pre-stored user ID or logon identifier; transferring, by the processor, information entered by the customer in fields of the first account application to corresponding fields in a second account application, in response to the selection of a check box indicating that the customer is a pre-existing customer, wherein the transferring of the information from the first account application to the second account application is performed by an automated process; verifying, by the processor, the information provided in the first account application against stored information of an existing transaction account to update customer information; transmitting, by the processor, the second account application to the customer, wherein the second account application includes a fewer number of the fields for entering personal identification and financial information than the first account application which was previously presented to the customer, wherein the first application and the second application are applications for identical products or services; receiving, by the processor, a submitted second account application from the customer; and approving or denying, by the processor, the submitted second account application based on the information submitted with the second account application and retrieved stored information associated with the customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method, comprising:
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receiving, by a computer-based system for processing applications, an incomplete first account application of a customer, including a name of a customer and less than a full government identification number, and selection of a check box indicating that the customer is a pre-existing customer, wherein the received first account application does not include a pre-stored user ID or logon identifier; transferring, by the computer-based system, information entered by the customer in fields of the first account application to corresponding fields in a second account application, in response to the selection of a check box indicating that the customer is a pre-existing customer, wherein the transferring of the information from the first account application to the second account application is performed by an automated process; verifying, by the computer-based system, the information provided in the first account application against stored information of an existing transaction account to update customer information; transmitting, by the computer-based system, the second account application to the customer, wherein the second account application including a fewer number of the fields for entering personal identification and financial information than the first account application which was previously presented to the customer, wherein the first application and the second application are applications for identical products or services; receiving, by the computer-based system, a submitted second account application from the customer; and approving or denying, by the computer-based system, the submitted second account application based on the information submitted with the second account application and retrieved stored information associated with the customer. - View Dependent Claims (17, 18)
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19. A computer based system, comprising:
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a computer network communicating with a memory; the memory communicating with a processor; and the processor, when executing a computer program for processing applications, is configured to; receive an incomplete first account application of a customer, including a name of a customer and less than a full government identification number, and selection of a check box indicating that the customer is a pre-existing customer, wherein the received first account application does not include a pre-stored user ID or logon identifier; transfer information entered by the customer in fields of the first account application to corresponding fields in a second account application, in response to the selection of a check box indicating that the customer is a pre-existing customer, wherein the transferring of the information from the first account application to the second account application is performed by an automated process; verify, the information provided in the first account application against stored information of an existing transaction account to update customer information; transmit the second account application to the customer, wherein the second account application including a fewer number of the fields for entering personal identification and financial information than the first account application which was previously presented to the customer, wherein the first application and the second application are applications for identical products or services; receive a submitted second account application from the customer; and approve or deny the submitted second account application based on the information submitted with the second account application and retrieved stored information associated with the customer. - View Dependent Claims (20, 21)
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Specification