Exemplary embodiments of the present disclosure are, directed towards a
system and method for securing financial transactions using geotagged and timestamped
machine-readable codes. The
system includes computing device with financial transactions securing module that enables
user device registration with elements such as IMEI, SIM,
IP address, and
GPS data to create secure device profile. Unique
machine-readable code is, generated for each transaction, embedding real-time
geolocation,
timestamp, and
transaction data to ensure location-based authenticity. Biometric
authentication further verifies the user's identity. The
system transmits
transaction data to
server with financial transactions
verification module, which performs real-time location
verification by cross-referencing
GPS data and validating timestamps to prevent expired
code reuse. The system detects device-specific mismatches, anomalies, and unauthorized access attempts, generating alerts and automatically blocking transactions if inconsistencies arise. Fallback OTP
verification is, triggered when primary verification fails; ensuring only authorized users complete the transaction. This system enhances security, transparency, and fraud prevention in digital transactions.