Abstract: Described herein is a method for secure transfer of funds. The method includes receiving a funds transfer request from a user on a transaction initiating channel, following a first authentication, and verifying the first authentication on a transaction authorization channel based on a second authentication, wherein the second authentication is based partly on at least one request for an information element, wherein the information element includes one or more non-repeating information elements exclusively associated with the user and known to a source authorizing the funds transfer request.