SYSTEM AND METHOD FOR ELECTRONICALLY EXCHANGING VALUE AMONG DISTRIBUTED USERS

摘要

A system and method are provided for facilitating a value exchange transaction involving multiple parties. The system may comprise a synchronization server for exchanging transaction details with client devices, a communication server for registering new users, a financial server for interacting with external financial institutions, and a security server for ensuring the security of value exchange transactions. In one method, a first party initiates a transaction on a client (e.g., a mobile computing device) by selecting or inputting an identifier (which may be pre-existing, such as a telephone number) of another party and a value to be exchanged. The transaction may be conducted while the parties' client devices are electronically connected or may be conducted by one user on one device. Transactions are communicated to a system server during a synchronization between a party's client device and a system server. When the transaction is submitted to the system, if the second party is not a registered user of the system he or she is invited to register and complete the transaction.