System and method for conducting secure financial transactions

1 . A method for conducting secure electronic financial transactions, comprising:

identifying, by a computing system, a first payment source account held by an account holder;

receiving, by computing system, transaction data associated with a transaction initiated by the account holder with a merchant using the first payment source account, the transaction having a transaction amount;

requesting, by a computing system, via a first network a first transfer of the transaction amount from the first payment source account within a predetermined time;

receiving a virtual signature from the account holder;

encrypting the virtual signature;

storing the encrypted virtual signature in a database; and

transferring the transaction amount to pay the merchant.

2 . The method of claim 1 , further comprising encrypting and storing the transaction data in a database.

3 . The method of claim 1 , further comprising charging tips through the ACH network as a separate transaction upon receiving the virtual signature from the user.

4 . The method of claim 1 , further comprising confirming and accepting terms of service upon receiving the virtual signature form the user.

5 . The method of claim 1 , further comprising performing a reputation management comprising an on-line review harvesting by providing a user with a review page upon receiving the virtual signature from the user for leaving reviews for merchants' services.

6 . The method of claim 1 , further comprising decrypting the virtual signature upon the account holder’s authentication and processing an invoice prepared by the merchant for payment by populating the invoice with the decrypted signature.

7 . The method of claim 1 , further comprising decrypting the virtual signature upon the account holder’s authentication and populating a credit card receipt with the decrypted signature.

8 . The method of claim 1 , further comprising collecting meta data associated with the signature writing process, encrypting and storing the meta data in the database.

9 . A system for conducting secure electronic financial transactions, the system comprising:

one or more processors; and

one or more memories having stored thereon instructions that, when executed by the one or more processors, cause the one or more processors to:

identify, by a computing system, a first payment source account held by an account holder;

receive, by computing system, transaction data associated with a transaction initiated by the account holder with a merchant using the first payment source account, the transaction having a transaction amount;

request, by a computing system, via a first network a first transfer of the transaction amount from the first payment source account within a predetermined time;

receive a virtual signature from the account holder;

encrypt the virtual signature;

store the encrypted virtual signature in a database; and

transfer the transaction amount to pay the merchant.

10 . The system of claim 9 , further comprising encrypting and storing the transaction data in a database.

11 . The system of claim 9 , further comprising charging tips through the ACH network as a separate transaction upon receiving the virtual signature from the user.

12 . The system of claim 9 , further comprising confirming and accepting terms of service upon receiving the virtual signature form the user.

13 . The system of claim 9 , further comprising performing a reputation management comprising an on-line review harvesting by providing a user with a review page upon receiving the virtual signature from the user for leaving reviews for merchants' services.

14 . The system of claim 9 , further comprising decrypting the virtual signature upon the account holder’s authentication and processing an invoice prepared by the merchant for payment by populating the invoice with the decrypted signature.

15 . The system of claim 9 , further comprising decrypting the virtual signature upon the account holder’s authentication and populating a credit card receipt with the decrypted signature.

16 . The system of claim 9 , further comprising collecting meta data associated with the signature writing process, encrypting and storing the meta data in the database.

17 . A non-transitory physical computer storage for conducting secure electronic financial transactions comprising computer-executable instructions that, when executed by one or more computing devices, configure the one or more computing devices to:

identify, by a computing system, a first payment source account held by an account holder;

receive, by computing system, transaction data associated with a transaction initiated by the account holder with a merchant using the first payment source account, the transaction having a transaction amount;

request, by a computing system, via a first network a first transfer of the transaction amount from the first payment source account within a predetermined time;

receive a virtual signature from the account holder;

encrypt the virtual signature;

collect and encrypt meta data associated with the virtual signature;

store the encrypted virtual signature and the meta data in a database; and

transfer the transaction amount to pay the merchant.

18 . The storage of claim 17 , further comprising encrypting and storing the transaction data in a database.

19 . The storage of claim 17 , further comprising charging tips through the ACH network as a separate transaction upon receiving the virtual signature from the user.

20 . The storage of claim 17 , further comprising confirming and accepting terms of service upon receiving the virtual signature form the user.