Patent ID: 7689507
Filing Date: 2010-03-30
Classification: G06Q

Abstract:
1. A computer-implemented method for managing consumer transactional accounts, comprising: receiving information entered by a consumer at a kiosk computer hardware terminal by a first computer software application process executing on a financial institution database computer hardware device in connection with a request for a temporary transactional account for the consumer; approving the temporary transactional account for the consumer real time by a second computer software application process executing on a financial institution backend system computer hardware device; providing a physical temporary transaction card real time for the consumer by a third computer software application process executing on the kiosk computer hardware terminal; accumulating consumer charges by a third computer software application process executing on the financial institution backend system computer hardware device incurred over a pre-determined period of time on the temporary transactional account using the physical temporary transaction card without sending an invoice to the consumer or accruing interest on the temporary transactional account during the pre-determined period of time, and automatically closing the temporary transactional account, sending an invoice to the consumer for the charges incurred on the temporary transactional account during the pre-determined period of time, and commencing accrual of interest on the accumulated charges upon expiry of the pre-determined period of time, wherein said period of time is pre-determined other than by a user-specified time limit on a purchasing session and is at least three months; and providing the consumer a plurality of options by a fourth computer software application process executing on the financial institution backend system computer hardware device for payment of the charges incurred on the temporary transactional account upon expiry of the pre-determined period of time.