System and method for financial instrument pre-qualification and offering

A computer implemented method for a third party to offer financial instruments to pre-qualified consumers, comprising:

• prior to a consumer contact with a business partner of at least one of the financial institutions at least one computer processor at the third party, independent of any request from any of a plurality of consumers, pre-qualifying the plurality of consumer for financial instruments offered by a financial institution, wherein standards for the pre-qualification are set by the financial institution;
• the at least one computer processor at the third party storing, in a database, consumer identification information and pre-qualification information for the plurality of consumers;
• the at least one computer processor at the third party receiving, from the financial institution, collected consumer identification information that is collected from a consumer following contact by the consumer with the financial institution;
• the at least one computer processor at the third party retrieving, from the database, consumer information and pre-qualification information for the consumer using the collected consumer identification information;
• the at least one computer processor at the third party determining that the consumer is not identified in a suppression database comprising identifying information for consumers that are no longer qualified for the financial instrument for which the consumer is pre-qualified;
• and
• the at least one computer processor at the third party notifying the financial institution of the financial instruments for which the consumer is pre-qualified.

A computer implemented system for a third party to offer financial instruments to pre-qualified consumers, comprising:

• at least one computer processor at the third party;
• and
• an executable computer program that is tangibly embodied on a nontransitory computer readable medium, which causes the at least one computer processor to perform the following:
• independent of a request by a consumer, retrieve financial information related to the consumer from at least one source of financial information;
• prior to the consumer conducting a transaction with a business partner of at least one of the financial institutions, pre-qualify the consumer for financial instruments offered by a plurality of financial institutions based on the retrieved financial information, wherein standards for the pre-qualification for each financial instrument are set by the sponsoring financial institution;
• index the retrieved financial information and pre-qualification information indexed using a unique identifier that is assigned to the consumer and store the indexed financial information and pre-qualification data in a database;
• receive, from the business partner with which the consumer has conducted a transaction, consumer identification information that was collected from the consumer, the consumer identification information including a received unique consumer identifier, wherein the business partner is not one of the plurality of financial institutions;
• retrieve, from the database, retrieved financial information and pre-qualification information for the consumer using the received unique identifier;
• determine that the consumer is not identified in a suppression database that comprises identifying information for consumers that are no longer qualified for the financial instrument for which the consumer is pre-qualified;
• and
• offer the financial instrument for which the consumer is pre-qualified to the consumer.