1. A system for facilitating transactions comprising: a computing system, having a processor and a memory, for executing programmable instructions that implement a data store, the data store including processing information associated with one or more transaction phrase tokens, wherein the one or more transaction phrase tokens are associated with transaction accounts via the processing information, and wherein at least one transaction phrase token of the one or more transaction phrase tokens consists of an unambiguous set of characters selected in its entirety by a transaction phrase token holder; and a computing system, having a processor and a memory, for executing programmable instructions that implement a transaction phrase token processing service, the transaction phrase token processing service processing a request from a requestor to complete a transaction related to a good or service, wherein the request includes a representation of a selected transaction phrase token provided verbally or in writing by a transaction phrase token holder to the requestor, wherein the transaction phrase token processing service accesses the processing information associated with the selected transaction phrase token, wherein the processing information associated with the selected transaction phrase token: identifies a transaction account associated with the selected transaction phrase token based on a transaction account identifier distinct from the selected transaction phrase token, and comprises one or more rules for processing transactions related to goods or services, and wherein the transaction phrase token processing service: identifies a rule from the one or more rules included in the processing information, wherein the identified rule is associated with the good or service related to the request; processes the request using the identified rule; sends an approval request to the transaction phrase token holder regarding the processed request; receives a response to the approval request from the transaction phrase token holder; updates the identified rule based at least in part on the response to the approval request that is received from the transaction phrase token holder; and automatically accepts or rejects a subsequent request to complete a transaction based at least in part on the update of the identified rule.
1. A system for facilitating transactions comprising: a computing system, having a processor and a memory, for executing programmable instructions that implement a data store, the data store including processing information associated with one or more transaction phrase tokens, wherein the one or more transaction phrase tokens are associated with transaction accounts via the processing information, and wherein at least one transaction phrase token of the one or more transaction phrase tokens consists of an unambiguous set of characters selected in its entirety by a transaction phrase token holder; and a computing system, having a processor and a memory, for executing programmable instructions that implement a transaction phrase token processing service, the transaction phrase token processing service processing a request from a requestor to complete a transaction related to a good or service, wherein the request includes a representation of a selected transaction phrase token provided verbally or in writing by a transaction phrase token holder to the requestor, wherein the transaction phrase token processing service accesses the processing information associated with the selected transaction phrase token, wherein the processing information associated with the selected transaction phrase token: identifies a transaction account associated with the selected transaction phrase token based on a transaction account identifier distinct from the selected transaction phrase token, and comprises one or more rules for processing transactions related to goods or services, and wherein the transaction phrase token processing service: identifies a rule from the one or more rules included in the processing information, wherein the identified rule is associated with the good or service related to the request; processes the request using the identified rule; sends an approval request to the transaction phrase token holder regarding the processed request; receives a response to the approval request from the transaction phrase token holder; updates the identified rule based at least in part on the response to the approval request that is received from the transaction phrase token holder; and automatically accepts or rejects a subsequent request to complete a transaction based at least in part on the update of the identified rule. 22. The system as recited in claim 1 , wherein the transaction phrase token corresponds to a transaction account previously associated with another transaction phrase token.