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US 2021/0174436 A1Published application
Single application for two different cards
OwnerJudy A. Teeven, Athena Traceyinventors
Life of this patent
Estimating the term…
Abstract
Examples described herein relate to apparatuses and methods for processing two or more credit cards by a financial institution computing system, including but not limited to receiving, from a user, the credit application for applying for two or more credit cards, processing, by the financial institution computing system, the credit application for the two or more credit cards, and issuing, by the financial institution computing system, at least one of the two or more credit cards.
Claims20
A method for processing a credit application for two or more credit cards by a financial institution computing system, comprising:
- receiving, by a financial institution computing system from a user device electronically over a communication network, the credit application for applying for two or more credit cards, the credit application being an electronic application form as a single digital file, the electronic application containing user input information received via an interface displayed by the user device;
- processing, by the financial institution computing system, the credit application for the two or more credit cards, processing the credit application comprising determining a shared credit line from which the two or more credit cards draw based on information in the credit application, wherein determining the shared credit line comprises approving the shared credit line utilizing a first approval process for a first credit card of the two or more credit cards and a second approval process for a second credit card of the two or more credit cards, each approval process associated with a different card network;
- and
- issuing, by the financial institution computing system, the two or more credit cards to a same user, the two or more credit cards being separate credit cards issued by a same issuer associated with the financial institution computing system, the two or more credit cards being usable by only the same user, the two or more credit cards drawing from the shared credit line, each of the two or more credit cards being associated with the different card network, wherein issuing further comprises generating a mobile wallet account for the same user of the two or more credit cards based on the information in the credit application, and wherein the mobile wallet account is stored on the user device and enables a payment by the two or more credit cards utilizing the shared credit line via a mobile wallet client application of the user device.
1 more element
-6. (canceled)
(canceled)
A financial institution computing system associated with a financial institution;
- the system comprising:
- a network interface structured to facilitate data communication via a network;
- a memory;
- and
- a processing circuit comprising a processor, the processing circuit configured to:
- receive, from a user device electronically over a communication network, a credit application for applying for two or more credit cards, the credit application being an electronic application form as a single digital file, the electronic application containing user input information received via an interface displayed by the user device;
- process, by the financial institution computing system, the two or more credit cards based on the credit application, processing the credit application comprising determining a shared credit line from which the two or more credit cards draw based on information in the credit application, wherein determining the shared credit line comprises approving the shared credit line utilizing a first approval process for a first credit card of the two or more credit cards and a second approval process for a second card of the two or more credit cards, each approval process associated with a different card network;
- and
- issue the two or more credit cards to a same user, the two or more credit cards being separate credit cards issued by a same issuer associated with the financial institution computing system, the two or more credit cards being usable by only the same user, the two or more credit cards drawing from the shared credit line, each of the two or more credit cards being associated with the different card network, wherein issuing further comprises generating a mobile wallet account for the same user of the two or more credit cards based on the information in the credit application, and wherein the mobile wallet account is stored on the user device and enables a payment by the two or more credit cards utilizing the shared credit line via a mobile wallet client application of the user device.
6 more elements
-18. (canceled)
(canceled)
Dependencies are inferred from the claim text.