Instant wallet credit card

Abstract

A method includes: retrieving, by a financial institution computing system associated with a financial institution, information pertaining to an existing account of a user; projecting a profitability of the financial institution from the user based on a projected number of transactions of the user, wherein the projected number of transactions is determined based on a transaction history of the user; based on the retrieved information and the projected profitability being above a predefined threshold, underwriting the user for a credit card offer; selecting a set of credit card offer terms for the credit card offer based on the underwriting; creating a credit card account for the user, the credit card account having an account number associated therewith; and activating the credit card account in response to a first use of a mobile wallet after a provisioning of a credit card to the mobile wallet.

What is claimed is: 
     
         1 . A computer-implemented method, comprising:
 retrieving, by a financial institution computing system associated with a financial institution, information pertaining to an existing account of a user;   projecting, by the financial institution computing system, a profitability of the financial institution from the user based on a projected number of transactions of the user, wherein the projected number of transactions is determined by the financial institution computing system based on a transaction history of the user;   based on the retrieved information and the projected profitability being above a predefined threshold, underwriting, by the financial institution computing system, the user for a credit card offer;   selecting, by the financial institution computing system, a set of credit card offer terms for the credit card offer based on the underwriting;   creating, by the financial institution computing system, a credit card account for the user, the credit card account having an account number associated therewith; and   activating, by the financial institution computing system, the credit card account in response to a first use of a mobile wallet after a provisioning of a credit card to the mobile wallet.   
     
     
         2 . The method of  claim 1 , further comprising:
 modifying, by the financial institution computing system, the selected set of credit card offer terms to incorporate at least one credit card offer term that is tailored to the user based on information regarding the user.   
     
     
         3 . The method of  claim 2 , further comprising:
 presenting, by the financial institution computing system, the user with a depiction of at least a portion of the modified set of credit card offer terms, the depiction being proximate to an interaction point configured to receive a user preference to accept or decline the at least the portion of the modified set of credit card offer terms.   
     
     
         4 . The method of  claim 1 , further comprising:
 receiving, by the financial institution computing system, an indication of the user's acceptance of the selected set of credit card offer terms.   
     
     
         5 . The method of  claim 1 , further comprising:
 enabling, by the financial institution computing system, a provisioning of the credit card to the mobile wallet in real-time or near real-time.   
     
     
         6 . The method of  claim 1 , wherein the retrieving is done without any prompting by the user. 
     
     
         7 . The method of  claim 1 , further comprising:
 identifying, by the financial institution computing system, at least one credit preference of the user based on information stored in a database, wherein the selected set of credit card offer terms is selected based on the at least one credit preference.   
     
     
         8 . A system comprising:
 a database structured to store customer information regarding a plurality of customers of a financial institution;   a network interface configured to communicate data to and from a plurality of mobile devices associated with the plurality of customers; and   a circuit, the circuit being communicatively coupled to the database and the network interface, the circuit structured to:
 retrieve information pertaining to an existing account of a user; 
 project a profitability of the financial institution from the user based on a projected number of transactions of the user, wherein the projected number of transactions is determined based on a transaction history of the user; 
 based on the retrieved information and the projected profitability being above a predefined threshold, underwrite, the user for a credit card offer; 
 select a set of credit card offer terms for the credit card offer based on the underwriting; 
 create a credit card account for the user, the credit card account having an account number associated therewith; and 
 activate the credit card account in response to a first use of a mobile wallet after a provisioning of a credit card to a mobile wallet. 
   
     
     
         9 . The system of  claim 8 , wherein the circuit is further structured to:
 modify the selected set of credit card offer terms to incorporate at least one credit card offer term that is tailored to the user based on information regarding the user.   
     
     
         10 . The system of  claim 9 , wherein the circuit is further structured to:
 present the user with a depiction of at least a portion of the modified set of credit card offer terms, the depiction being proximate to an interaction point configured to receive a user preference to accept or decline the at least the portion of the modified set of credit card offer terms.   
     
     
         11 . The system of  claim 8 , wherein the circuit is further structured to:
 receive an indication of the user's acceptance of the at least the portion of the modified set of credit card offer terms.   
     
     
         12 . The system of  claim 8 , wherein the circuit is structured to further:
 enable a provisioning of the credit card to the mobile wallet in real-time or near real-time.   
     
     
         13 . The system of  claim 8 , wherein the retrieving is done without any prompting by the user. 
     
     
         14 . The system of  claim 8 , wherein the circuit is further structured to:
 identify at least one credit preference of the user based on information stored in the database, wherein the selected set of credit card offer terms is selected based on the at least one credit preference.   
     
     
         15 . A non-transitory computer-readable media having computer-executable instructions embodied therein that, when executed by one or more processors, cause operations comprising:
 retrieving information pertaining to an existing account of a user;   projecting a profitability of a financial institution from the user based on a projected number of transactions of the user, wherein the projected number of transactions is determined based on a transaction history of the user;   based on the retrieved information and the projected profitability being above a predefined threshold, underwriting, the user for a credit card offer;   selecting a set of credit card offer terms for the credit card offer based on the underwriting;   creating a credit card account for the user, the credit card account having an account number associated therewith; and   activating the credit card account in response to a first use of a mobile wallet after a provisioning of a credit card to the mobile wallet.   
     
     
         16 . The non-transitory computer-readable media of  claim 15 , wherein the operations further comprise:
 modifying the selected set of credit card offer terms to incorporate at least one credit card offer term that is tailored to the user based on information regarding the user.   
     
     
         17 . The non-transitory computer-readable media of  claim 16 , wherein the operations further comprise:
 presenting the user with a depiction of at least a portion of the modified set of credit card offer terms, the depiction being proximate to an interaction point configured to receive a user preference to accept or decline the at least the portion of the modified set of credit card offer terms.   
     
     
         18 . The non-transitory computer-readable media of  claim 15 , wherein the operations further comprise:
 receiving an indication of the user's acceptance of the at least the portion of the modified set of credit card offer terms.   
     
     
         19 . The non-transitory computer-readable media of  claim 15 , wherein the operations further comprise:
 enabling a provisioning the credit card to the mobile wallet in real-time or near real-time.   
     
     
         20 . The non-transitory computer-readable media of  claim 15 , wherein the operations further comprise:
 identifying at least one credit preference of the user based on information stored in a database, wherein the selected set of credit card offer terms is selected based on the at least one credit preference.