In one embodiment, a system for digitally providing access to an article is disclosed. The system includes a locking unit to secure and article in a locked state and a server. The server generates a digital key associated with the article or the locking unit. When the digital key is provided to a portable electronic device of a user, the digital key enables the portable electronic device to alter the locking unit between the locked state and the unlocked state without the user paying for the article or authorizing payment for the article. Upon a first event, the digital key is assigned to the user and provided to the portable electronic device of the user. The first event includes the user initiating a request for access to the article or the digital key, and verification that the user satisfies a predetermined condition.

A system for managing a financial account in a low cash mode. The system may include a memory storing instructions, and a processor configured to execute the instructions to perform operations. The operations may include providing an interface; providing a notification to a user when a balance in the first account is deemed to be in low cash mode; presenting, when the first account balance is deemed to be in low cash mode, an option for a transfer request; receiving, a selection of the option for the transfer request to connect the first account with a second account; transferring funds from the second account to the first account; notifying the user that funds have been transferred from the second account to the first account; and further notifying the user that the balance in the first account is greater than the threshold value.

Methods and systems are provided for generating alerts in association with a request to open an account for an individual. For example, information identifying an individual may be received from a financial entity in association with the financial entity receiving a request to open an account for the individual from a requesting entity. The requesting entity may be a vendor or service provider associated with the financial entity. An electronic notification may then be sent to the individual, which may include a selectable option to indicate that the individual does not authorize opening of the account. In response to receiving an indication that the individual does not authorize opening of the account, notifications may be sent to both the financial entity and the requesting entity indicating that the individual has not authorized opening of the account.

Systems, methods, apparatus, processes, computer program code and means for conducting transactions are described which allow a first party to a transaction to identify a second party to a transaction.

A request to make a purchase from a mobile device of a first entity is detected. In response to the detected request, a determination is made whether the first entity has a subservient relationship with a second entity. In response to a determination that the first entity has the subservient relationship with the second entity, another determination is made whether the first entity is located proximate to the second entity. A first set of purchasing limitations is applied to the request in response to the determination that the first entity has the subservient relationship with the second entity and a determination that the first entity is located proximate to the second entity.

A method includes providing a first payment account that is issued by a first financial institution and enables an accountholder thereof to make payments at merchants via a closed-loop payments network corresponding to the first financial institution and mobile person-to-person payments using the payment account. The method includes enabling a second payment account that is issued by a second financial institution to be electronically linked to the first payment account and used as a source of funds. The method includes providing a mobile operating system and enabling a plurality of merchant-specific payment accounts to be associated with a mobile communications device having the operating system. The method includes determining whether a merchant-specific payment account that is accepted only by a particular merchant is available to the accountholder via the mobile communications device and receiving a fee when the first payment account is used for a purchase.

A data protection system for online data is described that can be used to obfuscate sensitive data to relieve security compliance requirements for one or more entities involved in processing, storing, and/or communicating the sensitive data to complete an online purchase transaction. The data protection system can receive online purchase data from a client application, and then remove the sensitive information of the online purchase data to sanitize the online purchase data. The data protection system can also maintain the sensitive information, and communicate the sanitized online purchase data to an eCommerce server that then communicates with a payment service provider for payment authorization of the online purchase, where the sanitized online purchase data relieves security compliance requirements at the eCommerce server.

An implementation of a system and method for processing transfer rides associated with at least one public transit network is provided. The system and method preprocess transactions to consolidate or eliminate unnecessary transactions with a financial institution clearing and settlement network.

Methods and systems are provided for generating and delivering an alert to an individual regarding a credit inquiry. For example, an inquiry request may be received that includes a request for credit data associated with an individual. An alert may then be generated and provided to the individual based on retrieved contact information associated with the individual. In some embodiments, the alert is generated regardless of whether the inquiry causes a change to credit data associated with the individual.

There is provided a computer-implemented method of assessing credit risk, the method comprising the steps of: obtaining non-sufficient funds declines data on past transactions of a plurality of account holders occurring during an outcome window; obtaining transactional data on the past transactions of said plurality of account holders occurring during an observation window that precedes the outcome window; deriving one or more rules based on the occurrence of non-sufficient funds declines during the outcome window and on the preceding transactional data from the observation window; and applying the one or more rules to transactional data on past transactions of an individual account holder occurring during an individual observation window for that individual in order to determine the likelihood of a non-sufficient funds decline occurring during a subsequent individual outcome window for that individual. There is also provided a computer readable medium and a system for assessing credit risk.