Abstract: A method and systems for generating and using transaction tokens including a plurality of interfaces for communication over a network, the plurality of interfaces communicatively coupled to a plurality of information sending devices and a plurality of information receiving devices, at least one database including a token data table and a user profile table, the token data table storing at least one token, the at least one token having a user-defined value and a plurality of data fields, and a business software component communicatively coupled to the plurality of interfaces and the at least one database that is operative to receive at least one request from the plurality of interfaces, generate at least one token in response to the at least one request received from the plurality for interfaces, lock the at least one token generated in response to the received at least one request, and redeem the user-defined value of the locked at least one token.

Abstract: A method and system for generating tokens in a transaction handling system comprising creating at least one token on at least one server in the transaction handling system, the at least one token having a user-defined value and a plurality of data fields, each of the data fields representing data stored on the at least one server, acquiring the at least one token from the at least one server over a first communication network, and transmitting from a sending device the acquired at least one token to at least one receiving device over a second communication network.

Abstract: A method and system for using tokens in a transaction handling system comprising receiving at least one token transmitted from a sending device, the at least one token having a user-defined value and a plurality of data fields, locking the at least one transmitted token from a receiving device and redeeming from the receiving device the user-defined value of the locked at least one transmitted token.