Transaction system and method of conducting a transaction

A method of ordering product or services and providing payment information used for completing a financial transaction associated with the order using mobile devices having unique identification codes in combination with a vendor sales system and a server having a database storing for each mobile device, the unique identification code, order options and payment information;

• said method for each order comprising
• providing a transaction initiation code;
• entering the transaction initiation code into a mobile device;
• transmitting the transaction initiation code and the unique identification code of the mobile device to the server;
• receiving at the server the transaction initiation code and the unique identification code of the mobile device;
• using the received unique identification code to access the database and obtain order options and payment information associated with the unique identification code;
• transmitting the associated order options to the mobile device;
• receiving at the mobile device the associated order options;
• displaying the associated order options on the mobile device for user selection;
• entering into the mobile device an order selection;
• transmitting the order selection to the server;
• receiving at the server the order selection;
• and
• using the server to communicate the order selection, transaction initiation code and payment information to the vendor sales system for further processing and completing of the financial transaction.