Abstract: The present disclosure relates to a system and method for a secure payment. More, specifically the present disclosure relates to an automated method for enhanced security at point-of-sale (POS) terminals, cash machines (ATMs), or other similar electronic transfer devices during financial electronic transactions. The method includes receiving a request for an xPIN by a mobile device via a mobile gateway, sending the xPIN via the mobile gateway to the mobile device, receiving a transaction request at a transaction means for authorization and an xPIN verification request an interface, verifying the xPIN via the mobile gateway; and authorizing the transaction via the interface.