METHOD AND SYSTEM FOR PROCESSING A TRANSACTION

摘要

A method of, and system for, processing payment for a transaction is provide d. The method includes providing a user with an option to select payment for th e transaction from an account associated with a communication line via which a n electronic terminal is connected to a communication network. The communicati on line is typically a subscriber line and, accordingly, the account is a telephone account associated with the subscriber line. When a user transacts with a vendor for goods and/or services, the user may request to process payment using the telephone account instead of using a credit or debit card. The method includes investigating data using the telephone number associated with the subscriber line and, selectively approving the transaction dependen t upon an outcome of the investigation. The invention extends to a transaction processor interface and to a transaction validation module. The invention al so extends to computer program products including the invention.