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System and method for establishing and providing access to an online account

a technology of online accounts and access methods, applied in the field of online accounts, can solve problems such as discouraging potential users from opening an account, and achieve the effects of reducing the amount of uncollected debts, increasing liquidity, and increasing profits on the trading platform

Inactive Publication Date: 2020-07-02
CANTOR INDEX
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

Enables real-time activation of accounts, allowing users to begin trading activities immediately, reduces delays, and increases user satisfaction by eliminating the need for physical submissions.

Problems solved by technology

Such mailings introduce delays into the account opening process, which may discourage potential users from opening an account with the gambling service.

Method used

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  • System and method for establishing and providing access to an online account
  • System and method for establishing and providing access to an online account
  • System and method for establishing and providing access to an online account

Examples

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Embodiment Construction

[0030]FIGS. 1A and 1B illustrate one embodiment of a system 10 that facilitates establishing accounts used for performing any suitable financial transaction. System 10 includes a communications network 100, one or more clients 104, one or more credit verification entities 106, and a trading platform 20. Trading platform 20 includes one or more servers 108, one or more operator terminals 110, a communications network 112 and a trading engine 114. Other architectures and components of system 10, including various architectures and components of trading platform 20, may be used without departing from the scope of this disclosure.

[0031]In general, trading platform 20 provides users of clients 104 with trading accounts 154 that may be used for trading betting products 150, for example, with other users of clients 104. Trading engine 114 provides services such as, for example, approving and opening user accounts, managing available funds or account balances for users, establishing risk fa...

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PUM

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Abstract

A method of providing an account is provided. The method includes receiving identification information associated with a user during a communication session. The method further includes communicating a request for credit information, wherein the request includes at least a portion of the identification information. The requested credit information is received and an account is approved based at least in part on the received credit information. The account is opened and access is provided to the opened account during the communication session.

Description

RELATED APPLICATIONS[0001]This application is related to and claims the benefit of U.S. Provisional Application No. 60 / 471,744 filed May 15, 2003.TECHNICAL FIELD OF THE INVENTION[0002]This invention relates in general to online accounts and, more particularly, to a system and method for establishing and providing access to an online account.BACKGROUND OF THE INVENTION[0003]The Internet and the increasing availability of broadband services has led to the proliferation of online gambling, including online sports betting. In general, to participate in online gambling activities, such as placing bets on sporting events, a user must open an account with an online gambling service, which is typically a deposit or credit account. Once the user's account is open and funded, the user may participate in online gambling activities using the funds or balance available in his or her account. Over time, the user may deposit additional funds into, or withdraw funds from, his or her account.[0004]T...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G07F15/00G06Q30/04G06Q30/06G06Q40/00G07F17/32G06Q50/34G06Q40/04G06Q40/02
CPCG07F15/00G06Q40/00G06Q40/025G06Q50/34G06Q30/04G06Q40/04G07F17/3288G06Q30/0601G06Q40/03
Inventor CROSTHWAITE, DOMINICFINDLAY, LEWIS C.
Owner CANTOR INDEX