FIELD: money.
SUBSTANCE: invention relates to a system and method of payment without using cards using a mobile telephone. System comprises common payment service server (CPS), connected to a bank processing system, implemented on a payment service server (CPS) accounts database and transaction mechanism, configured for connection with a mobile device and performing payment transactions, wherein payment service server (CPS) is configured to obtain an account from a merchant, and also to provide a customer with an account and to authenticate customer using 3D Secure access control server system (ACS) of bank, transaction mechanism is configured to obtain from bank confirmation of successful authentication from 3D Secure ACS system and for receiving instructions for payment from mobile device of customer, transaction mechanism is also configured to handle a transaction using a transaction processor and is configured to perform payment transaction by connecting bank processing system, transfer funds from account of customer to account of merchant, confirming closing of transaction.
EFFECT: improved security of payment transactions.
10 cl, 5 dwg
