Patent ID: 7614549
Filing Date: 2009-11-10
Classification: G06Q,G07F,G07G

Abstract:
1. A method comprising: providing a supply of transaction cards including a storage medium encoding a card number identifying the card to a merchant store for distribution within the store; distributing one of said transaction cards to a customer, while said customer is in said store; obtaining credit application information from said customer; communicating, while said customer remains in said store, said credit application information to a remote computer system for evaluation to determine whether said customer should be approved for a line of credit that is extended through said distributed transaction card; receiving a response to said communication indicating that said customer is approved and that said distributed card has been activated, while said customer remains in said store; and using said distributed transaction card to transact a purchase, while said customer is in said store, wherein said activated card bears no visible marking indicating information concerning the customer.