Abstract: The present disclosure relates to methods, techniques, and systems for settling trusted money request and/or transfer transactions between individuals, and also between individuals and business partners based on social network connections between these entities as represented in social graphs of virtual social networks to establish the transaction connection between the two transaction partners and directly settle the financial transaction between these partners using e.g. a mobile device application without the necessity of a further entity, like e.g. a bank, credit card company and the like, for clearing the transaction initiated on the mobile device.

Abstract: An intermediary-based, computer-implemented transaction-system for conducting transactions between entities connected via a social graph of a virtual social network is disclosed. The system includes at least one virtual social network platform storing social graphs connecting virtual entities, the virtual social network providing at least one virtual communication channel allowing the virtual entities to communicate with each other, at least one social graph includes a connection between at least one individual and at least one business partner. A transaction provider is configured to read-out the social graph and register the connection, and one or more mobile devices are configured to execute a transaction application provided by the transaction provider. The transaction application uses the registered connection to enable an individual to create a transaction with the business partner.