Patent ID: 7650301

Claim:
A method for determining compliance within a merchant account setup, said method comprising: receiving, at a computer, merchant selection criteria; selecting, by said computer, a merchant set of merchant acquisition forms having merchant data based on said merchant selection criteria; retrieving, by said computer, one of said merchant acquisition forms from said merchant set, said one of said merchant acquisition forms having a plurality of fields; retrieving, by said computer, merchant data from said plurality of fields of said one of said merchant acquisition forms, wherein said merchant data includes merchant setup information; retrieving, by said computer, compliance checklist items corresponding to said merchant data, wherein said compliance checklist items are previously established; comparing, by said computer, said compliance checklist items to corresponding said merchant account setup information; identifying, by said computer, non-compliant data in said merchant account setup information based on said comparison; compiling, by said computer, said non-compliant data; and creating, by said computer, a compliance report based on said compilation of said non-compliant data, wherein said compliance report includes said non-compliant data associated with said merchant account setup.