Public transit system fare processor for multi-balance funding

• US 8,505,816 B2
• Filed: 10/05/2012
• Issued: 08/13/2013
• Est. Priority Date: 12/07/2006
• Status: Expired due to Fees

• Current Assignee: Smart Systems Innovations LLC
• Original Assignee: Smart Systems Innovations LLC
• Inventors: Silbernagl, Martin Friedrich Ludwig
• Primary Examiner(s): VO, TUYEN KIM
• Application Number:
  US13/646,544
• Publication Number:
  US 20130030883A1
• Time in Patent Office: 312 Days
• Field of Search: 235/375, 235/380, 235/451, 235/492, 235/382, 235/449, 235/493
• US Class Current: 235/382
• CPC Class Codes: G06K 7/087 flux-sensitive, e.g. magnetic, detectors G06K7/10336 takes precedence
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0655 e-cash managed centrally
• CPC Class Codes: G06Q 20/0658 e-cash managed locally
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/29 characterised by micropayments
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 2240/00 Transportation facility access, e.g. fares, tolls or parking
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07B 15/00 Arrangements or apparatus for collecting fares, tolls or entrance fees at one or more control points handling coins or valuable papers, e.g. banknotes, G07D; apparatus for vending or hiring articles or services activated by coins, credit cards, paper currency or the like G07F7/00, G07F17/00
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]

Abstract

An implementation of a system and method for processing transfer rides associated with at least one public transit network is provided. The system and method preprocess transactions to consolidate or eliminate unnecessary transactions with a financial institution clearing and settlement network.

Claims

1. A method of funding transit rides associated with at least one public transit network, from a plurality of funding sources, the method comprising:

configuring a processor, associated with the at least one public transit network, wherein configuring the processor comprises;

storing, in memory, a plurality of balance classes;

storing, in the memory, at least one rule for a prioritization of the balance classes;

storing, in the memory, at least one fare rule; and

maintaining, in the memory, a transit account and a respective plurality of balances; and

processing a bankcard presentation record, wherein the bankcard presentation record comprises an identifier to the transit account, and wherein processing the bankcard presentation record comprises;

receiving the bankcard presentation record at the processor;

searching the memory for the transit account identified by the identifier in the bankcard presentation record;

inferring, from at least one of the at least one fare rules, a resultant fare;

selecting a balance from the plurality of balances for the transit account by using at least one of the at least one rule for the prioritization of the balance classes; and

accounting for a fare by applying the fare to the selected balance.

2. The method of claim 1, wherein configuring the processor comprises:

associating at least one of the plurality of balance classes with a clearing gateway;

wherein processing the bankcard presentation record further comprises clearing at least part of one of the balances associated with the transit account.

3. The method of claim 2, wherein clearing is in response to receiving the bankcard presentation record.

4. The method of claim 2, wherein at least one of the plurality of balance classes is associated with a clearing gateway that lead to at least one of a debit card network or credit card network.

5. The method of claim 2, wherein the plurality of balance classes is associated with a clearing gateway that leads to at least one of a debit card network or credit card network.

6. The methods of claim 4, wherein the account used for clearing is associated with a bankcard originally presented.

7. The methods of claim 6, wherein authoritative information used for clearing is derived from the bankcard originally presented.

8. The methods of claim 4, wherein the account used for clearing is derived from a bankcard originally presented.

9. The methods of claim 4, wherein the account used for clearing is not associated with a bankcard originally presented.

10. The method of claim 2, wherein at least one of the plurality of balance classes is associated with an Automated Clearing House (ACH).

11. The method of claim 2, wherein at least one of the plurality balance classes is associated with an Internet payment service.

12. The method of claim 2, wherein at least one of the plurality balance classes is associated with a proprietary payment network affiliated with at least one of the public transit networks.

13. The method of claim 1, wherein one of the balances is funded via a program providing subsidization of mass transit.

14. The method of claim 13, wherein clearing is based on a funding rule.

15. The method of claim 14, where the funding rule is based on a schedule.

16. The method of claim 1, further comprising resetting at least one of the plurality of balances associated with the transit account based on a rule.

17. The method of claim 16, where the rule is based on a schedule.

18. The method of claim 16, further comprising tracking a date of funding transactions and using the date as an input to the rule.

19. The method of claim 1, wherein the at least one rule for prioritization of the balance classes is stored in the memory as executable code and wherein prioritizing balances comprises executing the executable code.

20. The method of claim 1, wherein the at least one rule for the prioritization of the balance classes is stored in a rule base.

21. The method of claim 1, wherein one of the at least one rule for the prioritization of the balance classes is a rule comprising ruling out an insufficient balance.

22. The method of claim 1, wherein the at least one fare rule is stored in the memory as executable code and wherein inferring a resultant fare comprises executing the executable code.

23. The method of claim 1, wherein the at least one fare rule is stored in a rule base.

24. The method of claim 1, wherein the identifier to the transit account is derived from an ISO/IEC 7812 PAN.

25. The method of claim 24, wherein the PAN is read from one of a debit card or credit card.

26. The method of claim 1, wherein the identifier to the transit account is derived from a ghost PAN.

27. The method of claim 26, wherein the ghost PAN is read from a payment device compatible with one of a MasterCard®

PayPass™

specification.

28. The method of claim 1, wherein the identifier to the transit account is derived by reading a dedicated transit portion from at least one of a debit card or credit card.

29. The method of claim 1, wherein at least one of the plurality of balances is computed on demand from a transaction history.

30. The method of claim 1, wherein at least one of the plurality of balances is maintained separately.

31. The methods of claim 5, wherein the account used for clearing is associated with a bankcard originally presented.

32. The methods of claim 5, wherein the account used for clearing is derived from a bankcard originally presented.

33. The methods of claim 5, wherein the account used for clearing is not associated with a bankcard originally presented.

34. A system for funding transit rides associated with at least one public transit network, from a plurality of funding sources, the system comprising:

means for configuring a processor, associated with the at least one public transit network, wherein the means for configuring the processor comprises;

means for storing, in memory, a plurality of balance classes;

means for storing, in the memory, at least one rule for a prioritization of the balance classes;

means for storing, in the memory, at least one fare rule; and

means for maintaining, in the memory, a transit account and a respective plurality of balances; and

means for processing a bankcard presentation record, wherein the bankcard presentation record comprises an identifier to the transit account, and wherein the means for processing the bankcard presentation record comprises;

means for receiving the bankcard presentation record at the processor;

means for searching the memory for the transit account identified by the identifier in the bankcard presentation record;

means for inferring, from at least one of the at least one fare rules, a resultant fare;

means for selecting a balance from the plurality of balances for the transit account by using at least one of the at least one rule for the prioritization of the balance classes; and

means for accounting for a fare by applying the fare to the selected balance.