The invention relates to a multi-channel safety authenticating
system and an authenticating method based on a U-Key, aiming at ensuring safety of a network transaction; the authenticating
system comprises the U-Key; a
global system for mobile communications (
GSM) module is added on the U-Key; one side of the
GSM module is connected with a U-Key main control
chip and the other is connected with a user mobile telephone and a
bank network
server through a
wireless network; the U-Key comprises a display screen which is used for echoing a
transaction account and amount transaction information, as well as a button for finishing an operation of confirming or canceling; data is transmitted to the user mobile telephone and the
bank network
server by the
GSM module as authenticating a signature of the U-Key; with multi-channel transmission and multi-side
authentication, risks that a user identity is falsely used and transmission data is interpolated are prevented; user
transaction data is output by a
USB (Universal Serial
Bus) interface after authenticating a signature of the U-Key, and is then transmitted to a
bank server by a user computer through a network and cached in the bank server; by checking and verifying the user identity and the transaction information through multiple channels, therefore, validity of the user identity and
transmission security of the
transaction data are effectively guaranteed.