Secure transaction system

A secure transaction system for approving an online transaction, comprising:

• a memory device;
• and
• at least one processor coupled to the memory device, the at least one processor configured:
• to store first data identifying at least a portion of an identity of a user, the first data obtained from a government issued identification document;
• to store account information associated with the first data, the account information obtained from an item issued by a financial institution;
• to store a transformation method associated with the account information;
• to receive from a second computer system the account information when the user conducts the transaction;
• to receive from the second computer system second data converted from electronically obtained identification information of the user and agreed-upon transaction details of the online transaction between a merchant and the user, the identity of the user being unidentifiable from the second data;
• to transform the second data into third data based on the transformation method retrieved in response to the received account information;
• and
• to approve the transaction associated with the account information when the third data corresponds to the first data.

A non-transitory computer-readable medium having program code recorded thereon to approve an online transaction, the program code comprising:

• program code to store first data identifying at least a portion of an identity of a user, the first data obtained from a government issued identification document;
• program code to store account information associated with the first data, the account information obtained from an item issued by a financial institution;
• program code to store a transformation method associated with the account information;
• program code to receive from a second computer system the account information when the user conducts the transaction;
• program code to receive from the second computer system second data converted from electronically obtained identification information of the user and agreed-upon transaction details of the online transaction between a merchant and the user, the identity of the user being unidentifiable from the second data;
• program code to transform the second data into third data based on the transformation method retrieved in response to the received account information;
• and
• program code to approve the transaction associated with the account information when the third data corresponds to the first data.