Method, apparatus and system for electronic payments

A system for allowing electronic payments through use of a unique proxy, the system comprising a first server, a first registration database and a first lookup database, wherein:

• the first server is operable to:
• receive an electronic registration request message from a financial institution of a first user, the electronic registration request message comprising registration information of the first user including bank account information identifying a bank account of the first user, an identifier of the first user, a unique proxy of the first user, and auxiliary information associated with the first user;
• and
• store the registration information of the first user in the first registration database;
• the first registration database is operable to copy a subset of the registration information of the first user to the first lookup database as lookup information of the first user, the lookup information including the bank account information of the first user, the identifier of the first user and the unique proxy of the first user;
• and
• the first server is operable to further:
• receive an electronic proxy payment request message from a financial institution of a second user, the electronic proxy payment request message comprising the unique proxy of the first user;
• identify the lookup information of the first user in the first lookup database using the unique proxy of the first user comprised within the electronic proxy payment request message;
• and
• transmit the lookup information of the first user to the financial institution of the second user.