SYSTEM AND METHOD FOR MASS TRANSIT MERCHANT PAYMENT
First Claim
1. A method, comprising:
- permitting, by a computer based system for enabling payment of a transit system fee, entry into a transit system by recognition of an identification code associated with a financial transaction account, wherein the identification code is distinct from a transaction account code associated with the financial transaction account;
associating, by the computer based system, the identification code with a transit system fee for the transit system; and
requesting, by the computer based system, payment for the transit system fee from the financial transaction account, wherein the requesting includes transmitting the identification code to a financial transaction account issuer for matching with the transaction account code associated with the financial transaction account for processing and settlement.
3 Assignments
0 Petitions
Accused Products
Abstract
Methods, systems and computer program products are provided for enabling payment of transit system fees using a financial transaction instrument. Entry is permitted onto a transit system by recognition of information included in an identification number stored on a financial transaction instrument. The identification number stored on the financial transaction instrument is associated with a transit system fee registered for each use of the transit system. A plurality of transit system fees associated with the same identification number from use of the financial transaction instrument is aggregated, and payment for the aggregated transit system fees is requested from a transaction account associated with the financial transaction instrument.
230 Citations
18 Claims
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1. A method, comprising:
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permitting, by a computer based system for enabling payment of a transit system fee, entry into a transit system by recognition of an identification code associated with a financial transaction account, wherein the identification code is distinct from a transaction account code associated with the financial transaction account; associating, by the computer based system, the identification code with a transit system fee for the transit system; and requesting, by the computer based system, payment for the transit system fee from the financial transaction account, wherein the requesting includes transmitting the identification code to a financial transaction account issuer for matching with the transaction account code associated with the financial transaction account for processing and settlement. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system comprising:
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a non-transitory memory communicating with a processor, the non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; permitting entry into a transit system by recognition of an identification code associated with a financial transaction account, wherein the identification code is distinct from a transaction account code associated with the financial transaction account; associating the identification code with a transit system fee for the transit system; and requesting payment for the transit system fee from the financial transaction account, wherein the requesting includes transmitting the identification code to a financial transaction account issuer for matching with the transaction account code associated with the financial transaction account for processing and settlement.
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18. A non-transitory, tangible computer readable medium having stored thereon computer executable instructions that, if executed by a computer based system for enabling payment of a transit system fee, cause the computer based system to perform operations comprising:
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permitting, by the computer based system, entry into a transit system by recognition of an identification code associated with a financial transaction account, wherein the identification code is distinct from a transaction account code associated with the financial transaction account; associating, by the computer based system, the identification code with a transit system fee for the transit system; and requesting, by the computer based system, payment for the transit system fee from the financial transaction account, wherein the requesting includes transmitting the identification code to a financial transaction account issuer for matching with the transaction account code associated with the financial transaction account for processing and settlement.
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Specification