Systems and methods for aggregating and managing financial service accounts

Abstract

The disclosed embodiments include methods and systems for providing an aggregated financial service account based on multiple private label financial accounts. In one embodiment, a process is disclosed that may include receiving a first request from a user for a first private label financial account that is usable for purchases associated with a first merchant and approving the first request for the first private label financial account. The method may also include receiving a request from the user for a second private label financial account that is usable for purchases associated with a second merchant and approving the second request for the second private label financial account. In one aspect, the method may also include generating an aggregated financial account based on the first and second private label accounts such that the aggregated financial account may be used for purchases with the first merchantor with the second merchant.

What is claimed is: 
     
         1 . A server system comprising:
 one or more memory devices storing software instructions; and   one or more processors executing the software instructions to perform operations comprising:
 receiving a first electronic application for a first private label account corresponding to a first merchant, wherein the first electronic application is generated for an applicant at a first electronic interface corresponding to the first merchant; 
 performing a first assessment, wherein the first assessment assesses the first electronic application by:
 sending a request to an assessor for known information associated with the applicant; and 
 verifying the known information associated with the applicant; 
 
 transmitting, via a first electronic notification, a first decision corresponding to the first electronic application, wherein the first decision is based on the first assessment; 
 receiving a second electronic application for a second private label account associated with a second merchant, wherein the second electronic application is generated for a second electronic interface corresponding to the second merchant; 
 performing a second assessment to determine a second decision, wherein the second assessment includes: 
 retrieving the first decision;
 assessing the second electronic application based on the first decision; and 
 transmitting, via a second electronic notification, the second decision corresponding to the second electronic application. 
 
   
     
     
         2 . The server system of  claim 1 , wherein the first electronic application and the second electronic application are presented via the first electronic interface and the second electronic interface, respectively, and wherein the first electronic interface and the second electronic interface are one or more of: a website, at a kiosk, or at a terminal at a physical location of the first merchant or the second merchant. 
     
     
         3 . The server system of  claim 1 , wherein sending the request to the assessor includes requesting a credit assessor to perform processes for determining credit results, wherein the credit results are related to a credit score or summary credit information associated with the applicant. 
     
     
         4 . The server system of  claim 1 , wherein the first electronic notification and the second electronic notification include information related to whether the first electronic application and the second electronic application were approved. 
     
     
         5 . The server system of  claim 4 , wherein the first electronic notification includes transmitting, from a financial service provider, a set of commands to modify an interface on an applicant device associated with the applicant, wherein the set of commands display at least one of a logo, text, or graphics associated with the first merchant, such that the first electronic notification appears to be associated with and provided by the first merchant. 
     
     
         6 . The server system of  claim 1 , wherein performing the second assessment further includes not sending a second request to the assessor and analyzing the known information locally. 
     
     
         7 . The server system of  claim 4 , wherein the second electronic notification includes transmitting, from a financial service provider, commands to modify an interface on an applicant device associated with the applicant, wherein the commands display at least one of a logo, text, or graphics associated with the first merchant, such that the second electronic notification appears to be associated with and provided by the second merchant. 
     
     
         8 . A computer-implemented method comprising:
 receiving a first electronic application for a first private label account corresponding to a first merchant, wherein the first electronic application is generated for an applicant at a first electronic interface corresponding to the first merchant;   performing a first assessment, wherein the first assessment assesses the first electronic application by:
 sending a request to an assessor for known information associated with the applicant; and 
 verifying the known information associated with the applicant; 
 transmitting, via a first electronic notification, a first decision corresponding to the first electronic application, wherein the first decision is based on the first assessment; 
 receiving a second electronic application for a second private label account associated with a second merchant, wherein the second electronic application is generated for a second electronic interface corresponding to the second merchant; 
 performing a second assessment to determine a second decision, wherein the second assessment includes:
 retrieving the first decision; 
 assessing the second electronic application based on the first decision; and 
 transmitting, via a second electronic notification, the second decision corresponding to the second electronic application. 
 
   
     
     
         9 . The computer-implemented method of  claim 8 , wherein the first electronic application and the second electronic application are presented via the first electronic interface and the second electronic interface, respectively, and wherein the first electronic interface and the second electronic interface are one or more of: a website, at a kiosk, or at a terminal at a physical location of the first merchant or the second merchant. 
     
     
         10 . The computer-implemented method of  claim 8 , wherein sending the request to the assessor includes requesting a credit assessor to perform processes for determining credit results, wherein the credit results are related to a credit score or summary credit information associated with the applicant. 
     
     
         11 . The computer-implemented method of  claim 8 , wherein the first electronic notification and the second electronic notification include information related to whether the first electronic application and the second electronic application were approved. 
     
     
         12 . The computer-implemented method of  claim 11 , wherein the first electronic notification includes transmitting, from a financial service provider, a set of commands to modify an interface on an applicant device associated with the applicant, wherein the set of commands display at least one of a logo, text, or graphics associated with the first merchant, such that the first electronic notification appears to be associated with and provided by the first merchant. 
     
     
         13 . The computer-implemented method of  claim 8 , wherein performing the second assessment further includes not sending a second request to the assessor and analyzing the known information locally. 
     
     
         14 . The computer-implemented method of  claim 11 , wherein the second electronic notification includes transmitting, from a financial service provider, commands to modify an interface on an applicant device associated with the applicant, wherein the commands display at least one of a logo, text, or graphics associated with the first merchant, such that the second electronic notification appears to be associated with and provided by the second merchant. 
     
     
         15 . A non-transitory computer readable medium storing instructions that, when executed by a processor, cause the processor to perform operations for:
 receiving a first electronic application for a first private label account corresponding to a first merchant, wherein the first electronic application is generated for an applicant at a first electronic interface corresponding to the first merchant;   performing a first assessment, wherein the first assessment assesses the first electronic application by:
 sending a request to an assessor for known information associated with the applicant; and 
 verifying the known information associated with the applicant; 
 transmitting, via a first electronic notification, a first decision corresponding to the first electronic application, wherein the first decision is based on the first assessment; 
 receiving a second electronic application for a second private label account associated with a second merchant, wherein the second electronic application is generated for a second electronic interface corresponding to the second merchant; 
 performing a second assessment to determine a second decision, wherein the second assessment includes:
 retrieving the first decision; 
 assessing the second electronic application based on the first decision; and 
 transmitting, via a second electronic notification, the second decision corresponding to the second electronic application. 
 
   
     
     
         16 . The non-transitory computer readable medium of  claim 15 , wherein the first electronic application and the second electronic application are presented via the first electronic interface and the second electronic interface, respectively, and wherein the first electronic interface and the second electronic interface are one or more of: a website, at a kiosk, or at a terminal at a physical location of the first merchant or the second merchant. 
     
     
         17 . The non-transitory computer readable medium of  claim 15 , wherein sending the request to the assessor includes requesting a credit assessor to perform processes for determining credit results, wherein the credit results are related to a credit score or summary credit information associated with the applicant. 
     
     
         18 . The non-transitory computer readable medium of  claim 15 , wherein the first electronic notification and the second electronic notification include information related to whether the first electronic application and the second electronic application were approved. 
     
     
         19 . The non-transitory computer readable medium of  claim 18 , wherein the first electronic notification includes transmitting, from a financial service provider, a set of commands to modify an interface on an applicant device associated with the applicant, wherein the set of commands display at least one of a logo, text, or graphics associated with the first merchant, such that the first electronic notification appears to be associated with and provided by the first merchant. 
     
     
         20 . The non-transitory computer readable medium of  claim 15 , performing the second assessment further includes not sending a second request to the assessor and analyzing the known information locally.