Patent ID: 8738527

Claim:
A method of establishing a financial account using a mobile computing device, comprising: presenting, by a mobile computing device, through a user interface a fillable application form that receives an applicant's information used to prepare an application to open the financial account; capturing, by the mobile computing device, a digital image of an applicant's identification having text based components; processing, by the mobile computing device, the digital image of the identification to recognize at least a portion of the text based components; filling the application form, by the mobile computing device, at least in part with the recognized portion of the text based components to complete the application for the financial account; transmitting, by the mobile computing device, the digital image of the identification to a regulatory body; receiving from the regulatory body, by the mobile computing device, verification of the identity of the applicant; communicating, by the mobile computing device, the completed application form to a remote server providing financial services to establish the financial account for the applicant if the identity of the applicant is verified; presenting by the mobile computing device through the user interface account information, including an assigned account number, corresponding to the financial account established for the applicant; capturing, by the mobile computing device, a second digital image of a payment instrument providing funds for the financial account and communicating, by the mobile computing device, the second digital image to a remote server providing financial services, thereby transferring the funds to the financial account associated with the assigned account number.