Abstract: A data security method and system are disclosed that electronically processes payment transactions, such as earnest money payments for real estate transactions to assist in securely moving data and payments from a bank account into a designated trust account while bypassing unsecure, intermediate steps and processes. Although it is standard practice for a buyer's payment to be handled by the buyer, the buyer's agent, the listing agent, and the broker or designated trust account holder before the check is deposited to a trust account at a bank, due to the high number of entities that handle the payment, the optimal transaction security may not be obtained by the standard practice. Finding a solution for the optimal transaction security may require minimizing the number of entities that handle payments and minimizing distribution of confidential information, particularly if the confidential information involves specific bank account details.

Abstract: A data security system that electronically processes payment transactions is provided herein to assist in securely moving data and payments from a bank account directly into a designated trust account while bypassing unsecure, intermediate steps and processes. Although it is standard practice for a buyer's payment to be handled by the buyer, the buyer's agent, the listing agent, and the broker or designated trust account holder before the check is deposited to a trust account at a bank, due to the high number of entities that handle the payment, the optimal transaction security may not be obtained by the standard practice. Finding a solution for the optimal transaction security may require minimizing the number of entities that handle payments and minimizing distribution of confidential information, particularly if the confidential information involves specific bank account details. The benefit is more direct and more secure movement of payment information amongst transacting entities.