Patent ID: 7600675

Claim:
A method of providing credit, the method comprising the steps of: receiving an application for a credit account provided by a financial service provider, wherein an applicant submits the application from a mobile telephone via a mobile telephone service provided by a telephone service provider, and the application includes information about the applicant; qualifying the applicant for the credit account based at least in part on information included in the application; providing the qualified applicant a contactless card having an identifier of the credit account therein, the contactless card comprising a separate physical device than the mobile telephone and configured to contactlessly provide the identifier to a reader for purchasing a good or service via the credit account; attaching the contactless card to the mobile telephone, wherein the contactless card is electrically isolated from electrical circuitry of the mobile telephone; and the financial service provider compensating the telephone service provider for enabling the contactless card to be provided to the applicant and attached to the mobile telephone.