Abstract: The present invention may include systems and a methods for verifying the identity of an individual by invoking the services of at least one databroker. The present invention may establish a predetermined identity verification level and, based on the capabilities of associated databrokers, may establish a number of different solutions for verifying an individual's identity to the predetermined level. When a request for identity verification is received, the present invention may examine the possible solutions for the requested verification level and, by invoking the services of one or more databrokers, may attempt to verify the individual's identity.

Abstract: A method and system for enables expeditious transfer of funds electronically to an end merchant substantially instantaneously upon the request of a new payor or client. An intermediary service having a server in communication with an automated clearinghouse system and having a client interface provides an online account for transfer of at least a permitted portion of requested funds to the merchant account of a participating end merchant at the request of a payor client. The intermediary verifies the client's identify through a series of authenticating questions including those verifying non-financial information for establishing the client's authorization to access the client's source account for settlement of the transferred funds. In another embodiment, a merchant indemnification system provides further financial security for the end merchant.