Electronic transaction security system

摘要

A system and method for generating a limited use login credential associated with an account maintained by an institution, where the credential facilitates secure access to the account.

主权项

1. A method for providing access to an account that is maintained by a financial institution, where the financial institution associates the account with a user, an account number, a validation number the financial institution requires to be supplied by the user to allow the user access to the account, and an identifier that distinguishes the account from other accounts maintained by the financial institution, and where the account number comprises, in a predetermined format, a bank identification number associated with the financial institution and a number that identifies the account, the method comprising the steps of:
generating by a mobile device a login credential having a same number of digits as the account number and being different from the account number, wherein the login credential comprises the validation number; transmitting the login credential from the mobile device to a server maintained by the financial institution via a wide area network; transmitting the identifier from the mobile device to the server via the wide area network; and in response to confirmation by the financial institution that the validation number in the login credential received by the financial institution from the first transmitting step is associated with the account, interacting with the account from the mobile device via the wide area network and the server.