List of patents
Real-time Creation Of Bank Account And Dispensing welcome Kit For The Bank Account Through Atm.
- Mrs.Swarna Kumari Adari
- Mrs. Swarna Kumari Adari
- IN201741026768
- INDIA
- yes
- IT
- 27/07/2017
- listing
- Traditional procedures of opening is very tedious and time consuming. It a big challenge to open account and maintain that account for a large segment of people.It is very difficult for a customer to visit a financial institution within its working hours. A customer is generally not entertained by institute’s representative. even if, a facility of 24 x 7 banking is provided, including facility for creating/opening a bank account, which is very rare, still it has a huge constraint by way of verification of documents submitted by the customer and thereby providing an account opening envelope having ATM card or credit card, associated Pin’s and other documents on the spot. The present method enables applicants to open a new account using a computing machine but also enables the computing machine to dispense an account opening envelope. New, technically advanced and improved method and system .
Abstract
Described herein is a method and a system to create an account at a financial institution using a computing machine, in particular an automated teller machine (ATM). The computing machine enables an applicant to submit an application form along with a softcopy of an identification document, for creating or opening a new account at a financial institution. Based on the submitted application form and the softcopy of the identification document, the computing machine transmits the identification information of the applicant to a central server of the financial institution. In case of successful verification, the central server creates the account in real time, and the computing machine presents a confirmation of account creation to the applicant.
