System and Method of Managing Workflow for Express Creation and Initialization of Merchant Accounts

A credit card processing system uses an express processing module to create and initialize merchant accounts. The credit card processing system includes a merchant, bank, and credit card association which are connected by electronic communication links. The express processing module uses a plurality of data entry screens to compile and format merchant data for transmission to the bank which in turn opens the merchant accounts upon completion and approval of all data requirements. The express processing module further manages workflow of the applications for each of the plurality of merchants by tracking data entry progress and assigning resources to complete the applications and meet requirements for creation and initialization of the merchant accounts. The express processing module uses a plurality of web services handlers to interface with external systems to handle requests for information.