Patent ID: 8423466
Filing Date: 2013-04-16
Classification: G06Q

Abstract:
1. A combined identity protection and secure transaction routing system for facilitating a financial transaction between a first user and a second user comprising: a computer based authentication system for authenticating at least the first user, the authentication system being configured to implement a plurality of established and user-defined authentication methods that are dynamically controllable and selectable by the first user at various transaction stages of the financial transaction and conform to standards set by relevant payment organisation's rules, wherein upon the first user dynamically selecting one or more particular authentication methods from the plurality of established and user-defined authentication methods during a particular transaction stage, the authentication system is configured to combine the one or more selected authentication methods, and one or more interaction methods, and one or more communication media to become user-specific dynamic authentication components so as to authenticate at least the first user in a non-predictable manner; one or more computer, electronic or physically based payment encryption and transaction routing systems, dynamically selectable and arrangable by the first user in combination with the first user's independent dynamically selected authentication methods, for arranging and securely routing one or more particular payment methods during the financial transaction or a particular transaction stage between the first user and at least the second user after the first user is authenticated by the authentication system, wherein upon the first user selecting the one or more particular payment methods during the financial transaction or the particular transaction stage, the one or more particular payment methods are routed between the first user and at least the second user in a non-predictable manner and without disclosing the one or more payment methods used for the financial transaction or the particular transaction stage or the first user's financial details and personal identity to the second user; and the one or more communication media and the one or more interaction methods, dynamically controllable and selectable by the first user, wherein upon the first user selecting one or more of at least the one or more communication media or the one or more interactions methods during the financial transaction or at a particular transaction stage, each decomposed transaction element of the financial transaction or the particular transaction stage is routed and transmitted in a non-predictable manner.