43. A non-transitory computer-readable medium storing instructions executable by a computer system to facilitate transactions involving transaction phrase tokens comprising: token account interface instructions for selecting transaction phrase tokens, wherein: transaction phrase tokens are associated with transaction accounts via configuration information, wherein the configuration information comprises one or more rules for processing transactions related to goods or services, and the transaction phrase token consists of an unambiguous set of characters selected by a transaction phrase token holder associated with a token assignment request; and token processing instructions for: obtaining a request to complete a transaction related to a good or service, wherein: the request to complete the transaction corresponds to an identified transaction phrase token provided verbally or in writing by a transaction phrase token holder, and the configuration information associated with the identified transaction phrase token identifies a transaction account associated with the identified transaction phrase token based on a transaction account identifier distinct from the identified transaction phrase token, identifying a rule from the one or more rules included in the configuration information, wherein the identified rule is associated with the good or service related to the request; processing the request using the identified rule; sending an approval request to the transaction phrase token holder regarding the processed request; receiving a response to the approval request from the transaction phrase token holder; updating 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 accepting or rejecting a subsequent request to complete a transaction based at least in part on the updating of the identified rule.
43. A non-transitory computer-readable medium storing instructions executable by a computer system to facilitate transactions involving transaction phrase tokens comprising: token account interface instructions for selecting transaction phrase tokens, wherein: transaction phrase tokens are associated with transaction accounts via configuration information, wherein the configuration information comprises one or more rules for processing transactions related to goods or services, and the transaction phrase token consists of an unambiguous set of characters selected by a transaction phrase token holder associated with a token assignment request; and token processing instructions for: obtaining a request to complete a transaction related to a good or service, wherein: the request to complete the transaction corresponds to an identified transaction phrase token provided verbally or in writing by a transaction phrase token holder, and the configuration information associated with the identified transaction phrase token identifies a transaction account associated with the identified transaction phrase token based on a transaction account identifier distinct from the identified transaction phrase token, identifying a rule from the one or more rules included in the configuration information, wherein the identified rule is associated with the good or service related to the request; processing the request using the identified rule; sending an approval request to the transaction phrase token holder regarding the processed request; receiving a response to the approval request from the transaction phrase token holder; updating 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 accepting or rejecting a subsequent request to complete a transaction based at least in part on the updating of the identified rule. 44. The computer-readable medium as recited in claim 43 , wherein the transaction phrase token account interface instructions further obtains the configuration information for an identified transaction phrase token.