SYSTEM AND METHOD FOR INCREASING SECURITY OF ELECTRONIC MONETARY TRANSACTIONS

摘要

A system and method of facilitating electronic monetary transactions. The system having an automatic teller machine (20) and a server (14). The automatic machine (20) being constructed for debiting an account of a user (40) and/or accepting the credit code, and updating the server with the cred it code and the amount of currency associated, thereby establishing a virtual user account, the server (14) is designed for receiving data and currency amount from the credit code from the automatic teller machine (20), receivin g or issuing an identification code and associating the identification code wi th the credit code, thereby activating the virtual user account, and debiting t he virtual user account by a specified currency sum upon request when presented with the credit code, identification code, and the specified sum.