ONLINE TRANSACTION SYSTEM

摘要

A method and system for carrying out an online transaction is disclosed. The transaction occurs between a customer having a financial account with a nominated financial institution and an online vendor and includes initiating a transaction server by the online vendor for the customer to conduct the online transaction for a purchase amount; selecting by the customer the nominated financial institution from a list of financial institutions provided by the transaction server and then transferring by the transaction server the customer to the nominated financial institution on selection of the nominated financial institution. The method further includes transacting between the nominated financial institution and the transaction server a first financial transaction for a transaction amount related to the purchase amount and then further transacting between the transaction server and the online vendor's financial institution a second transaction for the purchase amount in satisfaction of the online transaction.