Secure payment system and method having one-time use authorization

摘要

A payment system and method is provided. A buyer establishes an account with the payment system. The buyer makes a request for payment for a transaction to the payment service. The request includes information related to the transaction. The payment system processes the information related to the transaction and issues a payment approval identification number. At the point of sale, access to the payment system is gained utilizing an access device not associated with the buyer, and information related to transaction and the identification number are provided to the payment system. The payment system will verify the information provided at the point of sale related to the transaction with the information provided by the buyer when payment was authorized. If the identification number is verified by the payment system, funds for the transaction will be passed from the buyer's account directly to the merchant's account.