Abstract: A method and system of facilitating a value exchange solely telephonically and preferably using IVR between multiple users in a distributed value exchange system. The method involves registering a first user with the value exchange system, wherein the first user is assigned a first account within the value exchange system; receiving telephonically at the value exchange system a value exchange transaction from the first user, wherein said transaction involves a second user and includes an identifier of the second user, a separate security code, and a value to be exchanged between the first user and the second user; and at the value exchange system prompting the first user to independently send a notification of said value exchange transaction to the second user and debiting said value from one of said first account to a credit to a second account associated with the second user as a pending transaction.