Patent ID: 8275712

Claim:
A non-transitory, tangible computer-readable medium storing computer code that, when executed by a compute-based system for activating 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 during a purchase; in response to no customer information being associated with the prepaid transaction account during the purchase: capturing, by the computer-based system, customer information to form captured customer information, comparing, by the computer-based system, the captured customer information with corresponding information contained in a first database, and validating, by the computer-based system, the captured customer information by matching the corresponding information contained in the first database, and by comparing the captured customer information with customer demographic information obtained from a second database; in response to the customer information being associated with the prepaid transaction account during the purchase: validating, by the computer-based system, the customer information by comparing the customer information with customer demographic information obtained during the purchase from the second database; comparing, by the computer-based system, the customer information with a stored list of flagged information; terminating, by the computer-based system, an activation process, if the customer information is on the stored list of flagged information; determining, by the computer-based system, that the prepaid transaction account is to be used by an account recipient; and activating, by the computer-based system, the prepaid transaction account after the validating, if the customer information is not on the stored list of flagged information.