Patent ID: 8126792
Filing Date: 2012-02-28
Classification: G06Q

Abstract:
1. A method implemented on at least one computer for establishing user online accounts in a computer network, the method comprising the steps of: receiving registration information from a first user for establishing a first online account on the at least one computer, the registration information including a physical mailing address; receiving credit card account information from the first user; setting a transaction limit on the first online account to a first value that comprises a temporary limit pending a verification; providing, to the first user, a confirmation code to verify that the physical mailing address is a valid address; receiving the confirmation code from the first user for verification with a processor that the physical mailing address is a valid address; and automatically raising the transaction limit on the first online account to match a credit limit on the credit card account when the confirmation code is received and verified unless the first value is less than the credit limit, in which case the transaction limit is set at the first value after verification.