Establishing a financial account using a mobile computing device

• US 8,738,527 B2
• Filed: 05/09/2012
• Issued: 05/27/2014
• Est. Priority Date: 05/09/2012
• Status: Active Grant

• Current Assignee: FMR LLC
• Original Assignee: FMR LLC
• Inventors: Kalinichenko, Boris Olegovich, Ferra, Joseph G.
• Primary Examiner(s): TINKLER, MURIEL S
• Application Number:
  US13/467,815
• Publication Number:
  US 20130304644A1
• Time in Patent Office: 748 Days
• Field of Search: 705/35, 705/40, 705/42, 705/44
• US Class Current: 705/42
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A financial account is established using a mobile computing device. A digital image of an applicant'"'"'s identification having text based components is captured. The digital image of the identification is processed to recognize at least a portion of the text based components. The portion of the text based components is used to complete an application for the financial account. The digital image of the identification is transmitted to a regulatory body. Verification of the identity of the applicant is received from the regulatory body. The financial account for the applicant is established.

Claims

1. A method of establishing a financial account using a mobile computing device, comprising:

presenting, by a mobile computing device, through a user interface a fillable application form that receives an applicant'"'"'s information used to prepare an application to open the financial account;

capturing, by the mobile computing device, a digital image of an applicant'"'"'s identification having text based components;

processing, by the mobile computing device, the digital image of the identification to recognize at least a portion of the text based components;

filling the application form, by the mobile computing device, at least in part with the recognized portion of the text based components to complete the application for the financial account;

transmitting, by the mobile computing device, the digital image of the identification to a regulatory body;

receiving from the regulatory body, by the mobile computing device, verification of the identity of the applicant;

communicating, by the mobile computing device, the completed application form to a remote server providing financial services to establish the financial account for the applicant if the identity of the applicant is verified;

presenting by the mobile computing device through the user interface account information, including an assigned account number, corresponding to the financial account established for the applicant;

capturing, by the mobile computing device, a second digital image of a payment instrument providing funds for the financial account and

communicating, by the mobile computing device, the second digital image to a remote server providing financial services, thereby transferring the funds to the financial account associated with the assigned account number.

2. The method of claim 1 wherein the interface is on a display of the mobile computing device.

3. The method of claim 1 further comprising:

receiving, by the mobile computing device, through the user interface further input data corresponding to the applicant'"'"'s information; and

filling the application form, by the mobile computing device, with the recognized portion of the text based components and the further input data corresponding to the applicant'"'"'s information to complete the application for the financial account.

4. The method of claim 1 further comprising:

capturing, by the mobile computing device, a third digital image of account augmentation information; and

communicating, by the mobile computing device, the third digital image to the remote server, thereby applying the account augmentation information to the financial account.

5. The method of claim 1 wherein the financial account is a brokerage account.

6. The method of claim 1 wherein the financial account is a retirement savings account.

7. The method of claim 1 wherein the applicant'"'"'s identification is a driver'"'"'s license and the regulatory body is a state-run department of motor vehicles.

8. The method of claim 1 further comprising:

capturing, by the mobile computing device, a fourth digital image of a promotional display for the financial account to initiate establishing the financial account.

9. The method of claim 1 further comprising:

receiving, by the mobile computing device, on a touch screen display or a keypad, an indicator to initiate establishing the financial account.

10. A computer program product, tangibly embodied in a machine readable storage device, for establishing a financial account using a mobile computing device, the computer program product including instructions being operable to cause a data processing apparatus to:

present through a user interface a fillable application form that receives an applicant'"'"'s information used to prepare an application to establish a financial account

capture a digital image of an applicant'"'"'s identification having text based components;

process the digital image of the identification to recognize at least a portion of the text based components;

fill the application form at least in part with the recognized portion of the text based components to complete the application for the financial account;

transmit the digital image of the identification to a regulatory body;

receive from the regulatory body verification of the identity of the applicant;

communicate the completed application form to a remote server providing financial services to establish the financial account for the applicant if the identity of the applicant is verified;

present through the user interface account information, including an assigned account number, corresponding to the financial account established for the applicant;

capture a second digital image of a payment instrument providing funds for the financial account; and

communicate the second digital image to a remote server providing financial services, thereby transferring the funds to the financial account associated with the assigned account number.

11. The computer program product of claim 10 including further instructions being operable to cause the data processing apparatus to:

capture a third digital image of account augmentation information; and

apply the account augmentation information to the financial account.

12. The computer program product of claim 10 wherein the financial account is a brokerage account.

13. The computer program product of claim 10 wherein the financial account is a retirement savings account.

14. A computerized system for establishing a financial account using a mobile computing device, the system comprising:

a mobile computing device; and

a remote server providing financial services;

the mobile computing device having a processor executing a financial account opening module configured to;

present through a user interface a fillable application form that receives an applicant'"'"'s information used to prepare an application to establish a financial account;

capture a digital image of an applicant'"'"'s identification having text based components;

process the digital image of the identification to recognize at least a portion of the text based components;

fill the application form at least in part with the recognized portion of the text based components to complete the application for the financial account;

transmit the digital image of the identification to a regulatory body;

receive from the regulatory body verification of the identity of the applicant;

communicate the completed application form to the remote server providing financial services to establish the financial account for the applicant if the identity of the applicant is verified;

present through the user interface account information, including an assigned account number, corresponding to the financial account established for the applicant;

capture a second digital image of a payment instrument providing funds for the financial account; and

communicate the second digital image to a remote server providing financial services, thereby transferring the funds to the financial account associated with the assigned account number.

15. The system of claim 14 wherein the financial account opening module is further configured to:

capture a third digital image of account augmentation information; and

apply the account augmentation information to the financial account.

16. The system of claim 14 wherein the financial account is a brokerage account.

17. The system of claim 14 wherein the financial account is a retirement savings account.