Abstract: Disclosed herein are a system and method for facilitating point of sale transactions with minimal transfer of sensitive data corresponding to a consumer or merchant. The system and method comprise connecting to a central banking system using a communications apparatus for connecting to a landline or mobile communications network. The communications apparatus is coupled to one or more slots for receiving a merchant digital token and a consumer digital token storing merchant public and private keys and consumer public and private keys, respectively. The merchant and consumer public keys are used to identify the merchant and consumer, respectively, to the central banking system. The merchant and consumer private keys are used to sign, and thereby authenticate, a merchant sign-on agreement and a payment authorization form, respectively.

Abstract: An Orchestrated “e-Services/e-Payment” Scheme that extends the e-Services currently available on Mobile Devices platform to Landline Handsets, integrates and combines: Various Shapes of Authentication/Authorization Tools (Smart SIM's used in Mobile Phones and Smart Cards used in ATM's); Various e-Access Terminals (Fixed-Phones, Personal Computers, Mobile Phones, Handheld Devices, . . . etc); Various Types of e-Services Applications (Internet, WAP and IVR without need for Personal Computers); Various e-Payment Instruments (Credit Cards, Prepaid Electronic Accounts, and Prepaid Cards without need for Credit or Bank Accounts). Also the Scheme avails Printing of “Payment Receipts” through various alternatives (including new printing services via ATM machines).