SYSTEM AND METHOD FOR PROVIDING ACCESS TO AND MANAGING ACCOUNT ACTIVITY FOR AN ONLINE ACCOUNT
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United States of America Patent
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N/A
Issued Date -
Jul 3, 2014
app pub date -
Jul 29, 2013
filing date -
May 15, 2003
priority date (Note) -
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status (Latency Note)
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Abstract
A method of providing an account is provided. The method includes receiving identification information associated with a user during a communication session and communicating a request for credit information, the request including at least a portion of the identification information. The requested credit information is received and an account is approved and opened based at least on the received credit information. During the communication session, a request made using the opened account to place a first order to trade a first product is received. A risk value for the first order is determined. One or more current balances for the account are also determined. The method further includes determining whether to approve the first order based at least on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order.
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