Superior identification system by changing word or number codes

A method for approving a secured transaction between one or more parties, comprising the steps of:

• creating a first code consisting of one or more digits;
• creating a second code consisting of one or more digits;
• creating a formula for the first and second codes;
• applying the formula on the first and second codes resulting in the creation of a new code;
• storing said new code;
• comparing an incoming transaction with a code with said new code;
• and
• approving or denying a transaction between parties, based upon said comparing step.

A method for creating a secure transaction between a credit or debit card owner and a bank or credit card company, comprising the steps of:

• opening an account with the bank or credit card company by said card owner;
• creating an initial code stored in a database in communication with the bank or credit card company;
• utilizing said initial code to make a first purchase through the credit card company or make a withdrawal from the bank;
• comparing said initial code provided in said utilizing step with said initial code stored in said database;
• approving said first purchase or withdrawal when said initial code in said utilizing step matches said initial code stored in said database;
• transmitting a subsequent code to said database to replace said initial code in said database;
• endeavoring to make a second purchase or withdrawal by said card owner by sending said subsequent code to said database;
• comparing said subsequent code sent by said card owner when endeavoring to make said second purchase or withdrawal with said subsequent code stored in said database;
• and
• approving said second purchase or withdrawal when said subsequent code supplied in said endeavoring step matches said subsequent code provided in said database.

A method of securing a transaction between first and second parties, comprising the steps of:

• providing a plurality of characters;
• storing said characters in a database;
• creating a word or number code;
• erasing said code when a match of said word or number code is made.

A method for communicating between credit/debit card issue and cardholder comprising the steps of:

• establishing a code word or number code;
• issuing a credit/debit card number;
• and
• communicating using only part of the card number in combination with said established code.

A method of utilizing a personal identification code comprising the steps of:

• initially utilizing a first personal identification code by a user;
• said user generating a new personal identification code for every subsequent use;
• establishing a predetermined maximum limit for each code;
• and
• preventing the use of each code when said maximum limit is reached.

A method for approving a secured transaction between two parties, comprising the steps of:

• establishing a number of letter combination;
• establishing a first code;
• storing said combination and codes in a database;
• communicating said codes from one party to a second party;
• allowing only transactions to be approved when a match is made of said codes;
• when a match is made thereby erasing said first code.

A method for approving or denying a transaction between two parties, comprising the steps of:

• comparing a code stored in a database with an entered code;
• approving a transaction when said entered code matches said code stored in the database;
• and
• erasing said code stored in the database.

A method of utilizing a personal identification code comprising the steps of:

• initially utilizing a first personal identification code by a user;
• said user generating a new personal identification code for every subsequent use;
• and
• establishing a predetermined minimum limit for each code under which the code would not be erased.

A method of utilizing a personal identification code comprising the steps of:

• initially utilizing a first personal identification code by a user;
• said user generating a new personal identification code for every subsequent use;
• and
• the system of the present invention is only used on transactions when a credit/debit card is not present.