Abstract: Aspects of the present invention relate to systems and methods for increasing security and privacy of financial transactions. More specifically, certain aspects of the invention provide consumers, financial institutions, and/or merchants with increased protection of sensitive information associated with financial accounts and transactions. Herein disclosed are methods and systems for allowing a consumer to pay a merchant without the consumer needing to disclose confidential information to the merchant.

Abstract: At a high level, software 125 and/or a computer 400A running the software can be interfaced with a banking account 401 to specify how money can be spent. The user may access his or her bank account through an interface portal 501. The interface portal may allow the consumer to access his or her account 401 with a bank or other financial institution 400A. The bank may employ a web server 450 to send a webpage to the transferor. Using a computer 502, the transferor 500 can log into the bank (bank 1) 400A and access his or her account. The bank (both bank 1 400A and bank 2 400B) may be interfaced with a mapper server 100.