System and method for enabling global and remote flash sale or daily deal commerce through unsecured electronic channels

1. A system for purchasing items over an unsecured electronic channel, the system comprising:

one or more user computing devices, each user computing device having a display, an input device and an unsecured electronic channel communicator that provides the capability to communicate data over the unsecured electronic channel;

a storage system that stores payment data for a user and a phone number of the user computing device;

a computer based flash sale system coupled to each user computing device over a link that is an unsecured electronic channel that is not an Internet connection, the computer based flash sale system generating a security token, unique to the user of the user computing device, the security token being a non-repeating alphanumeric string that is a cryptographic hash of a secured identifier for the user and the phone number of the user computing device of the user, encrypting the payment data of the user using the token, generating a transaction request for purchase of an item communicated to the user computing device using the unsecured electronic channel communicator and displayed to the user on the display of the user computing device, receiving, using the unsecured electronic channel communicator of the user computing device, the secured identifier input by the user using the input device of the user computing device in response to the transaction request over the unsecured electronic channel when the transaction request from the computer based flash sale system is accepted; and

the computer based flash sale system having a validation unit that performs two-tiered authentication of a payment for the accepted transaction request by validating the phone number of the user computing device received by the computer based flash sale system during the acceptance of the transaction request and validating the secured identifier against the security token, the validation unit generates a funding request through a partner to a payment gateway when the secured identifier is validated and the validation unit decrypts and unlocks the encrypted payment data using the secured identifier and approves funds for the transaction request;

the payment gateway coupled to the computer based flash sale system that processes the funding request using a funding source of the user stored at the payment gateway; and

wherein the user computing device is configured to display a transaction complete message on the display after the funding request is processed.

2. The system of claim 1 , wherein the computer based flash sale system further comprises a presentation tier that generates the transaction request for a particular user and sends the transaction request for the particular user to the user computing device of the particular user.

3. The system of claim 1 , wherein the payment gateway handles a payment transaction for a particular user.

4. The system of claim 1 , wherein the unsecured electronic channel further comprises an short message system (SMS) channel.

5. The system of claim 4 further comprising an SMS gateway connected to the flash sale system that interfaces between the one or more user computing devices and the flash sale system.

6. The system of claim 1 , wherein the item is one of a product and a service.

7. The system of claim 1 , wherein the security token for the particular user is a SHA-256 Hash Value of the Secured identifier and a phone number of the particular user.

8. A method for purchasing items over an unsecured electronic channel using one or more user computing devices, the method comprising:

storing, in a storage system, payment data and a phone number of a user computing device for a user of the user computing device;

generating, by the computer based flash sale system, a security token unique to the user of the user computing device, the security token being a non-repeating alphanumeric string that is a cryptographic hash of a secured identifier for the user and the phone number of the user computing device of the user;

encrypting, by the computer based flash sale system, a piece of payment data of the user using the security token;

generating, by the computer based flash sale system, a transaction request for purchase of an item communicated to the user computing device using an unsecured electronic channel communicator of the user computing device that provides the capability to communicate data over the unsecured electronic channel and displaying the transaction request to the user on a display of the user computing device;

receiving, by the computer based flash sale system coupled to the unsecured electronic channel communicator of the user computing device over the unsecured electronic channel that is not an Internet connection, the secured identifier input by the user using an input device of the user computing device in response to the transaction request when the transaction request from the flash sale system is accepted;

performing, by the computer based flash sale system, two-tiered authentication of a payment for the accepted transaction request by validating the phone number of the user computing device received by the computer based flash sale system during the acceptance of the transaction request and validating the secured identifier against the security token;

generating, by the computer based flash sale system, a funding request through a partner to a payment gateway when the secured identifier is validated;

decrypting and unlocking, by the computer based flash sale system, the encrypted payment data using the secured identifier and approving the funds for the transaction request;

processing, by the payment gateway the funding request using a funding source of the user stored at the payment gateway; and

displaying a transaction complete message on the display after the funding request is processed.

9. The method of claim 8 further comprising generating, by a presentation tier of the computer based flash sale system, the transaction request for a particular user and sending the transaction request for the particular user to the user computing device of the particular user.

10. The method of claim 8 , wherein the payment gateway associated with the computer based flash sale system handles a payment transaction for a particular user.

11. The method of claim 8 , wherein the unsecured electronic channel further comprises an short message system (SMS) channel.

12. The method of claim 8 , wherein the item is one of a product, a service and information.

13. The method of claim 8 , wherein the security token for the particular user is a SHA-256 Hash Value of the Secured identifier and a phone number of the particular user.