CPC G06Q 20/40 (2013.01) [G06Q 40/02 (2013.01)] | 20 Claims |
1. A computerized method for electronically verifying identity data of a customer, comprising:
issuing, from an account computer system, an account for the customer based on unverified identity data of the customer;
receiving, at the account computer system from a merchant computer system associated with a merchant, a request to approve a financial transaction between the merchant and the customer using the account;
receiving, at the account computer system from the merchant computer system, a portion of identity data in response to a request for the customer to provide the portion of identity data from a customer identification document during the financial transaction;
updating, at the account computer system, an identity profile of the customer by combining the received portion of identity data with different portions of previously received identity data that were previously received from different merchants during different transactions between the customer and the different merchants;
comparing, at the account computer system, the identity profile to the unverified identity data of the customer when a number of transactions with the account is greater than a first transaction threshold; and
approving, by the account computer system, the financial transaction when the identity profile matches the unverified identity data.
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