Patent ID: 8768839

Claim:
A computer-assisted method for verifying identifying data of a customer of a financial institution, the method comprising: receiving by a customer processing system of a customer identification program the identifying data of a customer, wherein the customer processing system comprises an electronic computer processor and an electronic data storage device operatively associated with the customer identification program; determining by the customer processing system the applicability of the customer identification program to a customer, wherein the determining comprises applying the customer identifying data to at least one of a customer matrix or a scenario matrix, wherein: (a) the customer matrix comprises data identifying who the customer is in relation to the financial institution, information required from the customer, and supporting documentation to obtain from the customer; and (b) the scenario matrix comprises data including at least one scenario encounterable by the customer identification program, data indicative of obtaining required data elements for a scenario, and data including a reason for obtaining the required data elements; when the customer identification program is applicable to the customer, determining with the at least one of the customer matrix or the scenario matrix the customer identifying data to be obtained from the customer; creating a record for the customer in a compliance database of the customer identification program, wherein the compliance database comprises an electronic data storage device operatively associated with the customer processing system; searching at least one record of the customer identifying data with at least one governmental list function using the customer processing system; and, communicating by the customer processing system at least one record of the customer identifying data to at least one verification vendor for verification of the customer's identity.