METHOD AND SYSTEM FOR SECURE PAYMENT

摘要

The present invention provides a method and a system for initiating a transaction. The method and system includes providing a proof of purchase. Further, the method and system includes receiving purchase information. Furthermore, the method and system transmitting a signing request to the mobile device. In addition, the method and system includes receiving a signing message from the mobile device. The signing message includes a mobile identity of a user. Additionally, the method and system includes verifying the mobile identity of the user. Further, the method and system includes sending transaction initiation message to the mobile device. In addition, the method and system includes receiving an audio signature. Additionally, the method and system includes initiating the transaction by transmitting transaction information to a financial organization. The transaction information is generated from the audio signature on successful verification of the location information of the mobile device.