Transaction authentication using virtual/augmented reality

An electronic transaction authentication system for authenticating a proxy to execute a financial transaction on behalf of a customer, the system comprising:

• a first set of processors for receiving from the customer, the customer being different from the proxy, a first two-dimensional pattern, a second two-dimensional pattern, a third two-dimensional pattern and a sequence for presenting the first, second and third pattern;
• a camera operable to:
• record the proxy's movement of an object in space;
• extract, from the recording, a first face of the object presented to the camera, a second face of the object presented to the camera and a third face of the object presented to the camera;
• and
• record a sequence in which the faces were presented to the camera;
• a financial transaction engine including a second set of processors for:
• receiving data from the first set of processors and the camera;
• determining if each of the first, second and third face includes one of the first, second and third patterns;
• if each of the first, second and third faces includes one of the first, second and third patterns, determining if faces were presented to the camera in the sequence received from the first processor;
• if each of the first, second and third faces include one of the first, second and third patterns, and if faces were presented to the camera in the sequence received from the first processor, authenticating the proxy, the authenticating the proxy including authenticating the proxy to execute a financial transaction on behalf of the customer, updating one or more databases to record that the proxy has access permissions to one or more customer bank accounts of the customer, and transferring funds to the proxy from a financial account of the customer;
• declining to authenticate the proxy if one or more of the first, second and third faces include a pattern different from the first, second and third patterns;
• and
• declining to authenticate the proxy if faces were not presented to the camera in the sequence received from the first processor.

A method for authenticating a proxy for executing a transaction on behalf of a customer, the authentication being based on a movement of a three-dimensional object in space, the object having a plurality of faces, the movement being tracked by a camera, the method comprising:

• receiving data from a first set of processors, the data including a first two-dimensional pattern, a second two-dimensional pattern, a third two-dimensional pattern and a sequence for presenting the first, second and third pattern, the data being received from the customer;
• tracking, using the camera, the movement of the object in space;
• capturing, using the camera, a first face of the object presented to the camera, a second face of the object presented to the camera and a third face of the object presented to the camera;
• recording, using the camera, a sequence in which the faces were presented to the camera;
• transmitting the data from each of the first set of processors and the camera to a second set of processors;
• determining, using the second set of processors, if each of the first, second and third face includes one of the first, second and third patterns;
• determining if the sequence recorded by the camera is equal to the sequence received from the first processor;
• if each of the first, second and third faces include one of the first, second and third patterns, and if the sequence recorded by the camera is equal to the sequence received from the first processor, using the second set of processors to authenticate the proxy for executing the transaction on behalf of the customer and update one or more databases to record that the proxy has access permissions to one or more customer bank accounts of the customer, the customer being an individual different from the proxy;
• using the second set of processors to decline to authenticate the proxy if one or more of the first, second and third faces include a pattern different from the first, second and third patterns;
• and
• using the second set of processors to decline to authenticate the proxy if the sequence recorded by the camera is different from the sequence received from the first set of processors.