Account opening system, method and computer program product
First Claim
1. A system for opening an interest bearing account for a customer, said account opening system comprising:
- a customer information system comprising computer executable instructions embodied on a computer readable medium and executed by at least one computer processor and configured to prompt and record entry of customer information;
an account information system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to prompt and record a rate lock code, a term and a deposit amount for a respective account type;
a rate decision system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and using the rate lock code, term, deposit amount and account type as criteria to query at least one available electronic rate table in order to automatically determine an interest rate for the interest bearing account, the interest rate is determined from the at least one available electronic rate table that is available between the application date and the receipt date; and
an account activation system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to receive the deposit amount submitted by the customer, and activate the interest bearing account and crediting the deposit amount at the interest rate.
2 Assignments
0 Petitions
Accused Products
Abstract
A system that facilitates opening of a bank account by banking personnel for a customer. The account opening system includes an automatic rate determination feature that uses customer information, account information and other criteria to determine an account interest rate. The rate determination system may also mediate rate negotiation between a personal banker and the customer by limiting the increase in rate awarded by the personal banker. An auditing system assigns numbers to a series of profiles, each describing a request to open an account. Profiles to be audited are determined by generating random numbers that fall within the range of assigned profile numbers. Random number generation is repeated until a threshold percentage of profiles have been selected for auditing. The account opening system includes a system for tracking the progress of the account application and for organizing information recorded by the personal banker during interactions with the customer.
278 Citations
24 Claims
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1. A system for opening an interest bearing account for a customer, said account opening system comprising:
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a customer information system comprising computer executable instructions embodied on a computer readable medium and executed by at least one computer processor and configured to prompt and record entry of customer information; an account information system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to prompt and record a rate lock code, a term and a deposit amount for a respective account type; a rate decision system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and using the rate lock code, term, deposit amount and account type as criteria to query at least one available electronic rate table in order to automatically determine an interest rate for the interest bearing account, the interest rate is determined from the at least one available electronic rate table that is available between the application date and the receipt date; and an account activation system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to receive the deposit amount submitted by the customer, and activate the interest bearing account and crediting the deposit amount at the interest rate. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 21)
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12. A system for opening an interest bearing account for a customer, said account opening system comprising:
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a customer information system comprising computer executable instructions embodied on a computer readable medium and executed by at least one computer processor and configured to prompt and record entry of customer information; an account information system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to prompt and record an account type selection; a rate decision system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to prompt and record entry of deposit information, including a deposit amount and a receipt date, and configured to use the deposit information and account type selection as criteria to query at least one available electronic rate table in order to automatically determine an interest rate for the interest bearing account, the interest rate is determined from the at least one available electronic rate table that is available between the application date and the receipt date; and an account activation system comprising computer executable instructions embodied on a computer readable medium and executed by the at least one computer processor and configured to receive the deposit amount and credit the deposit amount to the interest bearing account on the receipt date and activating the interest bearing account regardless of whether a daily reconciliation cutoff time has tolled and is further configured to reconcile the credited deposit amount by clearing the deposit amount after the receipt date. - View Dependent Claims (13, 22)
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14. A method of opening an account for a customer, said account opening method comprising:
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at least one computer processor recording entry of customer information; the at least one computer processor recording entry of account information for a respective account type including a rate lock code, a term and a deposit amount; and the at least one computer processor automatically determining an interest rate using the account type selection, the rate lock code, the term and the deposit amount as criteria to query at least one available electronic rate table that is available between the application date and the receipt date; and the at least one computer processor activating the account by receiving and crediting a deposit amount to the account at the determined interest rate. - View Dependent Claims (15, 16, 17, 23)
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18. A computer program product for opening an account for a customer, the computer program product comprising a non-transitory computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising:
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a first executable portion for recording entry of customer information; a second executable portion for recording entry of account information including a rate lock code, a term and a deposit amount for a respective account type; and a third executable portion for using the account type, the rate lock code, the term and the deposit amount as criteria to query at least one available electronic rate table in order to automatically determine an interest rate for the account, the interest rate is determined from the at least one of electronic rate table that is available between the application date and the receipt date; and a fourth executable portion for activating the account by receiving and crediting a deposit amount to the account at the determined interest rate. - View Dependent Claims (19, 20, 24)
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Specification