Prepaid transaction card activation system and method

A method comprising:

• determining, by a computer-based system for activating a prepaid transaction account, if customer information is associated with the prepaid transaction account during a purchase;
• in response to no customer information being associated with the prepaid transaction account during the purchase:
• capturing, by the computer-based system, customer information to form captured customer information,
• comparing, by the computer-based system, the captured customer information with corresponding information contained in a first database, and
• validating, by the computer-based system, the captured customer information by matching the corresponding information contained in the first database, and by comparing the captured customer information with customer demographic information obtained from a second database;
• in response to the customer information being associated with the prepaid transaction account during the purchase:
• validating, by the computer-based system, the customer information by comparing the customer information with customer demographic information obtained during the purchase from the second database;
• comparing, by the computer-based system, the customer information with a stored list of flagged information;
• terminating, by the computer-based system, an activation process, if the customer information is on the stored list of flagged information;
• determining, by the computer-based system, that the prepaid transaction account is to be used by an account recipient;
• and
• activating, by the computer-based system, the prepaid transaction account after the validating, if the customer information is not on the stored list of flagged information.

A prepaid transaction account activation system comprising:

• a prepaid transaction account having identity information;
• a processor for administering an incentive program;
• and
• a non-transitory memory storing computer code that, when executed by the processor, causes the processor to perform operations comprising:
• determining, by the processor, if customer information is associated with the prepaid transaction account during a purchase;
• in response to no customer information being associated with the prepaid transaction account during the purchase:
• capturing, by the processor, customer information to form captured customer information,
• comparing, by the processor, the captured customer information with corresponding information contained in a first database, and
• validating, by the processor, the captured customer information by matching the corresponding information contained in the first database, and by comparing the captured customer information with customer demographic information obtained from a second database;
• in response to the customer information being associated with the prepaid transaction account during the purchase:
• validating, by the processor, the customer information by comparing the customer information with customer demographic information obtained during the purchase from the second database;
• comparing, by the processor, the customer information with a stored list of flagged information;
• terminating, by the processor, an activation process, if the customer information is on the stored list of flagged information;
• determining, by the processor, that the prepaid transaction account is to be used by an account recipient;
• and
• activating, by the processor, the prepaid transaction account after the validating, if the customer information is not on the stored list of nagged information.