Patent ID: 8275713

Claim:
A non-transitory, tangible computer-readable storage medium storing computer code that, when executed by a computer-based system for managing a prepaid transaction account, causes the computer-based system to perform operations comprising: determining, by the computer-based system, if customer information is associated with the prepaid transaction account; in response to no customer information being associated with the prepaid transaction account: capturing, by the computer-based system, customer information to form captured customer information; and validating, by the computer-based system, the captured customer information by comparing the captured customer information with first information in a first database, and by comparing the captured customer information with customer demographic information in a second database; in response to the customer information being associated with the prepaid transaction account: validating, by the computer-based system, the customer information by comparing the customer information with customer demographic information in the second database; terminating, by the computer-based system, an activation process, in response to the customer information being on a stored list of flanged information; and activating, by the computer-based system, the prepaid transaction account in response to the validating, and in response to the customer information not being on the stored list of flagged information.