Action verification system using central verification authority

A method for action verification using central verification authority comprising:

• storing in a verification authority system a plurality of personal identification numbers and a referenced account, said personal identification numbers including a series alpha-numeric digits that are assigned to said referenced account belonging to an entity, said entity includes an individual, company or organization which authorizes by giving a personal identification number, the execution, processing or delivering of an action, and said action includes a financial transaction, message, command, nonfinancial transaction, approval, identification request and data transmittal;
• submitting a verification request requesting a verification of said action to said verification authority from an action initiating party, said verification request including a personal identification number identifying said action and a text stream identifying a referenced account;
• receiving by said verification authority said verification request;
• verifying said verification request by said verification authority wherein said verification authority uses said communicated account and said personal identification number to access and retrieve said stored referenced personal identification numbers by using comparing means for comparing said stored personal identification number to personal identification number contained in said verification request, thereby verifying an action when personal identification number and referenced account match;
• sending a verification response indicating either a verified action or an invalid action from said verification authority to the said action initiating Party.