Universal customer identification system

1. A computerized method for electronically verifying identity data of a customer, comprising:

issuing, from an account computer system, an account for the customer based on unverified identity data of the customer;

receiving, at the account computer system from a merchant computer system associated with a merchant, a request to approve a financial transaction between the merchant and the customer using the account;

receiving, at the account computer system from the merchant computer system, a portion of identity data in response to a request for the customer to provide the portion of identity data from a customer identification document during the financial transaction;

updating, at the account computer system, an identity profile of the customer by combining the received portion of identity data with different portions of previously received identity data that were previously received from different merchants during different transactions between the customer and the different merchants;

comparing, at the account computer system, the identity profile to the unverified identity data of the customer when a number of transactions with the account is greater than a first transaction threshold; and

approving, by the account computer system, the financial transaction when the identity profile matches the unverified identity data.

2. The method of claim 1 , further comprising opening the account without verifying the unverified identity data with a credit reporting agency.

3. The method of claim 1 , further comprising determining, at the account computer system, the portion of identity data to request, the portion of identity data being a random portion of identity data when the number of transactions is less than a second transaction threshold, and

the portion of identity data being based on the different portions of previously received identity data when the number of transactions is greater than the second transaction threshold.

4. The method of claim 1 , in which the identification document comprises at least one of a driver's license, passport, a government-issued identification document, an alien identification card, a student identification card, a social security card, a tax identification card, a national identification card, a voter identification card, a benefits card, an official identification document, or a combination thereof.

5. The method of claim 1 , in which the identity data is associated with at least one of a name, an address, a date of birth, a personal identification number, a user ID, a password, a tax identification number, a type of identification document, an identity number of the identification document, a country, a state, a government organization issuing the identification document, a private organization issuing the identification document, an expiration date of the identification document, a phone number, a screen name, an e-mail address, a photograph, a fingerprint, an iris scan, a physical description, a biometrical information, or a combination thereof.

6. The method of claim 1 , in which the portion of identity data is obtained from a device of the transaction computer system that extracts the identity data embedded in a storage unit of the identification document or extracts the identity data printed on the identification document.

7. The method of claim 1 , further comprising transmitting, from the account computer system to the merchant computer system, a message indicating the approving of the financial transaction when a portion of the unverified identity data matches the received portion of identity data.

8. The method of claim 1 , in which the account computer system comprises at least one of a personal communications device, a device interface, or a combination thereof.

9. The method of claim 1 , in which the merchant computer systems comprises at least one of a personal communications device, a device interface, or a combination thereof.

10. The method of claim 1 , further comprising freezing, by the account computer system, the account when the identity profile does not match the unverified identity data.

11. The method of claim 1 , further comprising limiting, by the account computer system, a value of a total transaction amount for the account until the account computer system determines that the unverified identity data matches the identity profile.

12. An apparatus for electronically verifying identity data of a customer, the apparatus comprising:

a memory; and

at least one processor coupled to the memory, the at least one processor configured:

to issue an account for the customer based on unverified identity data of the customer;

to receive, from a merchant computer system associated with a merchant, a request to approve a financial transaction between the merchant and the customer using the account;

to receive, from the merchant computer system, a portion of identity data in response to a request for the customer to provide the portion of identity data from a customer identification document during the financial transaction;

to update an identity profile of the customer by combining the received portion of identity data with different portions of previously received identity data that were previously received from different merchants during different transactions between the customer and the different merchants;

to compare the identity profile to the unverified identity data of the customer when a number of transactions with the financial instrument is greater than a first transaction threshold; and

to approve the financial transaction when the identity profile matches the unverified identity data.

13. The apparatus of claim 12 , in which the at least one processor is further configured to open the account without verifying the identity data with a credit reporting agency.

14. The apparatus of claim 12 , in which:

the at least one processor is further configured to determine the portion of identity data to request, and

the portion of identity data is:

a random portion of identity data when the number of transactions is less than a second transaction threshold, and

based on the different portions of previously received identity data when the number of transactions is greater than the second transaction threshold.

15. The apparatus of claim 12 , in which the identification document comprises at least one of a driver's license, passport, a government-issued identification document, an alien identification card, a student identification card, a social security card, a tax identification card, a national identification card, a voter identification card, a benefits card, an official identification document, or a combination thereof.

16. The apparatus of claim 12 , in which the received portion of identity data is obtained from a device of the merchant computer system that extracts the identity data embedded in a storage unit of the identification document or extracts the identity data printed on the identification document.

17. The apparatus of claim 12 , in which the at least one processor is further configured to transmit, to the merchant computer system, a message indicating the approving of the financial transaction when a portion of the unverified identity data matches the received portion of identity data.

18. The apparatus of claim 12 , in which the account computer system comprises at least one of a personal communications device, a device interface, or a combination thereof.

19. The apparatus of claim 12 , in which the at least one processor is further configured to freeze the account when the identity profile does not match the unverified identity data.

20. The apparatus of claim 12 , in which the at least one processor is further configured to limit a value of a total transaction amount for the account until the account computer system determines that the unverified identity data matches the identity profile.