Abstract: The method and system of this invention employs a mobile application and hardware of a mobile device, such as a smart phone, to recognize a merchant code, such as uniquely identifiable two-dimensional images, to identify a select merchant or vendor. Each merchant code is associated with a particular mechanical device, goods or service available for purchase or payment. Upon recognition of the merchant code, a secure transmission is initiated and created by the consumer/user with a remote server, given that the consumer confirms a secure identity. The remote server also determines credit/funds availability in a transaction account created by the consumer. The transaction account is linked to a funding account. As directed by the consumer/user using the mobile device, a portion or all of the credit/funds are then transferred by the remote server to the vendor/merchant. Upon receipt, the mechanical device or vendor authorizes the delivery of select goods or service to the consumer.