Method for performing payment transactions

A method of making payments, in which to increase the security of card payments using a smartphone, instead of a payment card number (PAN), a token is placed on the smartphone in the Bank Identification Number format (BIN token), and the PAN and the corresponding BIN token are also placed in the Token Service Provider (TSP) database and in the buyer's smartphone, and when making a payment, instead of the PAN, the BIN token is read from the smartphone and used to route the connection to the TSP in the payment network, and after establishing a connection with the TSP, transferring the BIN token to the TSP, finding in the TSP’ database the PAN corresponding to BIN token, the named PAN is used for making a payment, characterized in that the customer is assigned with a customer identifier for Internet (DNS token), and the IP address of the TSP is mapped to the named customer identifier in the Internet routing system, then the named DNS token is written into the TSP database as the PAN token of the buyer, and when the payment is required the DNS token is entered and used to route and establish the Internet connection with the TSP, and after establishing the connection with the TSP, the named DNS token is transmitted to the TSP, the PAN corresponding to the DNS token is found in the TSP database, retrieved and used to conduct the payment.