Fraud control when granting instant credit

摘要

Credit applicants may apply for instant credit, and use an instant account number (“IAN”) to make purchases after the instant credit has been granted. Fraud control methods may be used in authorizing the instant credit. When the IAN is issued to purchase airline tickets, it can be ensured that the applicant's last name matches the passenger's last name for the airline ticket being purchased, and that the ticket will not be renamed or sold. When the IAN is issued in conjunction with a partner's loyalty or rewards program, the applicant's account information with the rewards program is captured. It is ensured that the applicant has some tenure with the partner and that data submitted by the applicant is consistent with data on file with the partner.

主权项

1. A method comprising;
receiving, by a computer based system for issuing a transaction account, a transaction account application containing information about an applicant; developing, by the computer based system, a transaction account application authorization decision based on the transaction account application and at least one of a tenure of the applicant in a third party rewards program with respect to an issuer of the transaction account and a comparison of applicant provided transaction account application information and information associated with the rewards program; and indicating, by the computer based system and in response to the authorization decision, approval of the transaction account application.