Abstract: The present invention is a system and method of performing operations related to payment process such as performing parties' identification, transaction authorization and other in parallel to trade and other non-payment processes. This allows to significantly reduce and in some embodiments even eliminate time spent on processing payments. In some embodiments pattern recognition technologies allow to significantly automate process of obtaining user information, needed for transaction formation, while in other embodiments principles of continuous processing of transactions allow to eliminate times spent on waiting for transaction authorization.