The method comprises: receiving a request for a monetary transaction from a user, at a monetary transaction terminal, wherein said request is in the form of a video that is input through a video capturing and processing apparatus; obtaining and processing said user"s biometric data using a biometric data module implemented as a part of said monetary transaction module apparatus, and generating said user"s processed biometric data; sending said request from said monetary transaction terminal to a service server associated with a service that facilitates and processes said monetary transaction; receiving said request from said monetary transaction terminal at said service server; sending said user"s processed biometric data from said monetary transaction terminal to said service server; receiving said user"s processed biometric data at said service server; performing a biometric authentication process using an authentication module in said service server, wherein said authentication process comprises comparing said user"s processed biometric data and a pre-stored biometric data associated with said user; issuing a notification of a successful authentication by said authentication module, if said user"s biometric data and said pre-stored biometric data match; issuing a notification of an unsuccessful authentication by said authentication module, if said user"s biometric data and said pre-stored biometric data do not match; interpreting and transcribing instructions and information conveyed by said user in said video, in said service server, resulting in a machine understandable transaction call generating a transaction log associated with said transaction request; sending said transaction call to a third party server associated with a financial entity with which said user has a monetary account ,upon issuance of said notification of successful transaction; receiving a permission to complete said monetary transaction, wherein said permission is sent from said third party server to said service server; sending an instruction from said service server to said monetary transaction terminal to complete said requested monetary transaction; receiving said instruction at said monetary transaction terminal; completing said monetary transaction at said monetary transaction terminal ,wherein said user realizes the output of said monetary transaction through said monetary transaction terminal.
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