Offsite financial account onboarding

• US 8,793,190 B2
• Filed: 10/02/2012
• Issued: 07/29/2014
• Est. Priority Date: 01/07/2011
• Status: Active Grant

• Current Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Johns, Nicholas P., Hogg, Jason J., Moreira, Cory
• Primary Examiner(s): Poinvil, Frantzy
• Application Number:
  US13/633,747
• Publication Number:
  US 20130036054A1
• Time in Patent Office: 665 Days
• Field of Search: 705 10- 44
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Offsite financial account onboarding is provided which creates a more streamlined process for a customer. The customer accesses a money services business electronic system to request financial account setup. The onboarding system establishes account access to a pooled custodial account managed by the money services business based on preliminary identification (ID) data from the customer. With only preliminary ID data, account access limits are assigned which reduces the risk of fraud or criminal activity with the customer'"'"'s account access. Because account access is established with just the preliminary ID data, the customer may fully obtain account access directly from a mobile device. The money services business provides additional graduated access levels depending on additional ID data provided by the customer. Thus, depending on the type of ID data provided by the customer, the customer'"'"'s account access will have corresponding access level rights to the custodial account.

Claims

1. A method comprising:

analyzing, by a financial transaction computer, preliminary identification (ID) information to determine an access level for a customer to a pooled custodial account;

creating, by the computer, a customer access area for the customer in the pooled custodial account; and

associating, by the computer, the customer access area with access limits, wherein the access limits are associated with the access level to the pooled custodial account, and wherein the preliminary ID information is used to determine the access level for the customer.

2. The method of claim 1, further comprising, in response to a monetary transfer request exceeding the access limits, requesting payment information from the customer.

3. The method of claim 2, further comprising receiving the payment information from the customer.

4. The method of claim 3, further comprising processing the payment information for an amount of the monetary transfer request.

5. The method of claim 4, further comprising transferring the amount to the third party.

6. The method of claim 1, further comprising:

receiving, from the customer, a financial service request;

determining whether the financial service request falls within the access limits;

in response to the financial service request exceeding the access limits, requesting additional ID information from the customer,

receiving the additional ID information from the customer;

determining whether the additional ID information supports an increased access level to the pooled custodial account;

in response to the additional ID information supporting the increased access level, associating the customer access area with the increased access level; and

in response to the financial service request falling within increased access limits associated with the increased access level, performing the financial service request from the pooled custodial account.

7. The method of claim 1, further comprising receiving, by the computer, an electronic request from a customer at an offsite location to open a financial account.

8. The method of claim 1, further comprising requesting, by the computer, preliminary identification (ID) information from the customer.

9. The method of claim 1, further comprising analyzing, by the computer, the preliminary ID information to determine an access level for the customer to the pooled custodial account.

10. The method of claim 1, further comprising analyzing, by the computer, a reliability of the preliminary ID information.

11. The method of claim 1, further comprising determining the access level based upon a reliability of the preliminary ID information.

12. The method of claim 1, wherein the pooled custodial account is maintained by a money services business.

13. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a financial transaction computer-based system, cause the computer-based system to be capable of performing operations comprising:

analyzing, by the computer-based system, preliminary ID information to determine an access level for a customer to a pooled custodial account;

creating, by the computer-based system, a customer access area for the customer in the pooled custodial account; and

associating, by the computer-based system, the customer access area with access limits, wherein the access limits are associated with the access level to the pooled custodial account, and wherein the preliminary ID information is used to determine the access level for the customer.

14. A system comprising:

a financial transaction processor,

a tangible, non-transitory memory configured to communicate with the processor,

the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to be capable of performing operations comprising;

analyzing, by the processor, preliminary ID information to determine an access level for a customer to a pooled custodial account;

creating, by the processor, a customer access area for the customer in the pooled custodial account; and

associating, by the processor, the customer access area with access limits, wherein the access limits are associated with the access level to the pooled custodial account, and wherein the preliminary ID information is used to determine the access level for the customer.

15. The system of claim 14, further comprising, in response to a monetary transfer request exceeding the access limits, requesting payment information from the customer.

16. The system of claim 14, further comprising:

receiving, from the customer, a financial service request;

determining whether the financial service request falls within the access limits;

in response to the financial service request exceeding the access limits, requesting additional ID information from the customer;

receiving the additional ID information from the customer,

determining whether the additional ID information supports an increased access level to the pooled custodial account;

in response to the additional ID information supporting the increased access level, associating the customer access area with the increased access level; and

in response to the financial service request falling within increased access limits associated with the increased access level, performing the financial service request from the pooled custodial account.

17. The system of claim 14, further comprising receiving, by the processor, an electronic request from a customer at an offsite location to open a financial account.

18. The system of claim 14, further comprising requesting, by the processor, preliminary identification (ID) information from the customer.

19. The system of claim 14, further comprising analyzing, by the processor, the preliminary ID information to determine an access level for the customer to the pooled custodial account.

20. The system of claim 14, further comprising determining the access level based upon a reliability of the preliminary ID information.