is approved and the question or questions answered correctly the second party is informed that the transaction can be approved application_number US 27571806 A description the present invention relates to a method of authenticating parties involved in electronic transactions generally speaking there are five methods things for authenticating an identity of a party they are 4 the party being at a particular place at a particular time and depending exclusively on any of the methods 1 4 is generally inadequate and multi token authentication systems are the norm for example bank atm systems use a combination of methods 1 and 2 in the form of passwords pins and bankcards fig3 illustrates an example of a transaction incorporating the present invention there are a number of parties involved in any transaction utilising an authentication method in accordance with the present invention they are the initiating party is the party who initiates a transaction or request or right the first receiving party is the one with whom the initiating party wishes to either a exercise a right for example voting or b request confidential information or c complete an ecommerce transaction additional receiving parties may include issuing and acquiring banks in an ecommerce context who may deliver the transaction through payment or processing.