Patent ID: 8160957

Claim:
A method of opening an account with a financial institution via an account management system having an account opening service, the account management system including a memory module, an input/output interface, and a processor, the method comprising: electronically storing in the memory module at least one rule for opening an account with a financial institution; electronically receiving, by the input/output interface, account application information from a remote device over at least one network, the account application information including personal information of a customer requesting to open an account; electronically receiving, by the input/output interface, funding source information from the remote device over at least one network, the funding source information specifying at least one funding source; electronically receiving, by the input/output interface, transmitted configuration information; processing the transmitted configuration information so as to modify functionality of the account opening service, wherein the functionality comprises; determining with the processor, based on the account application information, at least one risk score specifying a risk to the financial institution of transferring funds from the at least one funding source to the account; comparing the at least one rule with the at least one risk score by the processor in order to determine a decision regarding the account application information by comparing the at least one rule with the at least one risk score in order to determine whether to accept the account application information and open the account; determining a set of parameters for at least one funding constraint based upon the risk score; electronically transmitting, by the input/output interface, the decision and the parameters to the remote device over the at least one network; electronically transmitting, by the input/output interface, the decision and the parameters to the financial institution over the at least one network; and providing an account-opening solution in accordance with the decision and the parameters.