Patent ID: 8600886

Claim:
A method for managing user transaction accounts comprising: obtaining a user registration request, the registration including an identification of a user transaction account associated with a financial service provider and a selection of a transaction account verification technique; transmitting the registration request to a service provider computing device, wherein the service provider computing devices is configured to transmit to a user computing device information corresponding to a plurality of transaction account verification techniques and a plurality of transaction amount thresholds, wherein individual transaction account verification techniques of the plurality of transaction account verification techniques correspond to a transaction amount threshold of the plurality of transaction amount thresholds, and wherein the plurality of transaction amount thresholds are varied based at least in part on the corresponding transaction account verification technique; causing generation of a representation of the plurality of transaction account verification techniques and the plurality of transaction amount thresholds for output to a user of the user computing device; in response to said output, obtaining user selection of a transaction account verification technique of the plurality of transaction account verification techniques and a corresponding transaction amount threshold of the plurality of transaction amount thresholds; generating a user verification token representative of the user selection; and transmitting the user verification token representative of the user selection to the service provider without transmitting the user selection.