Establishing an account limit for a digital wallet account

Abstract

Information is received via a wallet application on a mobile device. A verification process is performed on the information received via the wallet application. A limit is established for a user account based on an amount of the information received via the wallet application that is verified in the verification process.

1 . A method comprising:
 receiving, at a networked system, information via a wallet application on a mobile device;   performing, a verification process on the information received via the wallet application; and   establishing, by a hardware processor, a limit for a user account based on an amount of the information received via the wallet application being verified in the verification process.   
     
     
         2 . The method of  claim 1 , wherein the information received via the wallet application that a verification process is performed on comprises one or more of a name, telephone number, an e-mail address, a physical address, or a network address. 
     
     
         3 . The method of  claim 1 , wherein the information received via the wallet application that a verification process is performed on comprises a social security number. 
     
     
         4 . The method of  claim 1 , wherein the information received via the wallet application that a verification process is performed on comprises a credit card. 
     
     
         5 . The method of  claim 1 , wherein the information received via the wallet application that a verification process is performed on comprises a bank account. 
     
     
         6 . The method of  claim 1 , wherein the establishing the limit for the account comprises establishing a limit on an amount of value a user can transfer through the networked system. 
     
     
         7 . The method of  claim 1 , wherein the establishing the limit for the account comprises establishing a limit on a number of transactions that a user may be involved in at a given time. 
     
     
         8 . The method of  claim 1 , wherein the establishing the limit for the account comprises establishing an amount of credit for the user account. 
     
     
         9 . The method of  claim 1 , wherein a portion of the information received via the wallet application is derived from the mobile device. 
     
     
         10 . The method of  claim 1 , wherein a portion of the information received via the wallet application is derived from a signal sent by the mobile device. 
     
     
         11 . A machine-readable medium having no transitory signals and storing instructions that, when executed by one or more processors of a machine, cause the machine to perform operations comprising:
 receiving, at a networked system, information via a wallet application on a mobile device;   performing, a verification process on the information received via the wallet application; and   establishing a limit for a user account based on an amount of the information received via the wallet application being verified in the verification process.   
     
     
         12 . The machine-readable medium of  claim 11 , wherein the establishing the limit for the account comprises establishing a limit on an amount of value a user can transfer through the networked system. 
     
     
         13 . The machine-readable medium of  claim 11 , wherein the establishing the limit for the account comprises establishing a limit on a number of transactions that a user may be involved in at a given time. 
     
     
         14 . The machine-readable medium of  claim 11 , wherein the establishing the limit for the account comprises establishing an amount of credit for the user account. 
     
     
         15 . The machine-readable medium of  claim 11 , wherein a portion of the information received via the wallet application is derived from the mobile device. 
     
     
         16 . The machine-readable medium of  claim 11 , wherein a portion of the information received via the wallet application is derived from a signal sent by the mobile device. 
     
     
         17 . A networked system comprising:
 one or more servers configured to:
 receive, at the networked system, information via a wallet application on a mobile device; 
 perform, a verification process on the information received via the wallet application; and 
 establish a limit for a user account based on an amount of the information received via the wallet application being verified in the verification process. 
   
     
     
         18 . The networked system of  claim 17 , wherein the one or more servers are configured to establish the limit for the account by establishing a limit on an amount of value a user can transfer through the networked system. 
     
     
         19 . The networked system of  claim 17 , wherein the one or more servers are configured to establish the limit for the account by establishing a limit on a number of transactions that a user may be involved in at a given time. 
     
     
         20 . The networked system of  claim 17 , wherein the one or more servers are configured to establish the limit for the account by establishing an amount of credit for the user account.