System and method for transferring items having value

A system for secure processing of items having value in a computer network comprising

• a plurality of user terminals wherein each of said plurality of user terminals comprises:
• a processor;
• a memory connected to the processor, the memory storing executable instructions that when executed causes the processor to perform the steps of:
• establishing a connection between a database system and a user terminal of said plurality of user terminals via a network;
• in response to the connection activating secure application on the user terminal;
• sending a request for an item of value from said user terminal to said database system;
• receiving, in response to the request, an authorization message comprising image information corresponding the item of value by the user terminal;
• performing a secure function by the secure application using the image information;
• continuously verifying the connection by the user terminal by receiving a first password from said database system, generating a second password using a system time of said user terminal, and comparing the second password and the first password;
• and based on the comparing, maintaining the connection between the database system and the user terminal, and activation of the secure application.

A method for secure processing of items having value in a computer network comprising

• a vendor system comprising:
• establishing a connection between a vendor system and a user terminal via a network;
• in response to the connection, transmitting by the vendor system a secure application activating code to the user terminal;
• receiving a request for an item of value from said user terminal by said vendor system;
• sending, by the vendor system, in response to the request, an authorization message comprising image information corresponding to the item of value to the user terminal;
• monitoring by the vendor system a performing of a secure function by the secure application using the image information;
• continuously verifying the connection by the vendor system by receiving a system time of said user terminal, generating a first password using the system time of said user terminal, and transmitting the first password to the user terminal;
• and based on the continuously verifying, maintaining the connection between the vendor system and the user terminal, and activation of the secure application by the vendor system.

A system for secure processing of items having value in a computer network comprising

• a vendor system comprising:
• a processor;
• a memory connected to the processor, the memory storing executable instructions that when executed cause the processor to perform the steps of:
• establishing a connection between the vendor system and a user terminal via a network;
• in response to the connection, transmitting by the vendor system a secure application activating code to the user terminal;
• receiving a request for an item of value from said user terminal by said vendor system;
• sending, by the vendor system, in response to the request, an authorization message comprising image information corresponding to the item of value to the user terminal;
• monitoring by the vendor system a performing of a secure function by the secure application using the image information;
• continuously verifying the connection by the vendor system by receiving a system time of said user terminal, generating a first password using the system time of said user terminal, and transmitting the first password to the user terminal;
• and based on the continuously verifying, maintaining the connection between the vendor system and the user terminal, and activation of the secure application by the vendor system.