Patent ID: 7430540

Claim:
A data processing system for executing a secure e-financial transaction in an account, without disclosing any personal financial information, comprising: a central controller including a CPU and a memory operatively connected to said CPU; at least one terminal, adapted for communicating with said central controller, by transmitting the secure parameter to said central controller; said memory in said central controller containing a program, adapted to be executed by said CPU, for executing e-financial transactions for the secure parameter, wherein the secure parameter is a password or code; wherein said central controller receives the secure parameter from said terminal and executes the e-financial transaction for the account based upon the secure parameter, without requiring access to personal financial, banking or credit card information: said system comprising: a central controller located at a bank, said controller including a CPU and a memory operatively connected to said CPU; a client's input/output device purchased from the bank for a given amount, said device having a secure password from the central controller assigned to it and installed onto the client's computer; a merchant's website; wherein the e-financial transaction starts with: the client placing an order using the secure password assigned to the client's input/output device, the merchant website relaying the input data to the central controller; and the central controller validating the client's secure password and order and authorizing or denying the order based on the client's input/output secure password for the account, without accessing any personal data of the client.