Method and apparatus for simplifying the handling of complex payment transactions

• US 9,098,851 B2
• Filed: 02/10/2009
• Issued: 08/04/2015
• Est. Priority Date: 02/14/2008
• Status: Active Grant

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Cowen, Michael J.
• Primary Examiner(s): Chen, George
• Application Number:
  US12/368,394
• Publication Number:
  US 20090210299A1
• Time in Patent Office: 2,366 Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0284 Time or distance, e.g. usage of parking meters or taximeters
• CPC Class Codes: G07B 15/04 comprising devices to free a barrier, turnstile, or the like turnstiles with registering means G07C9/10; coin-freed aspects G07F17/00

Abstract

A predetermined amount, which may, in general, be zero, less than, the same as, or greater than a (yet-to-be-determined) final transaction amount, is charged upon first presentation of a payment device to a merchant. A final transaction amount is calculated, preferably at a central server, subsequent to the first presentation. A variable adjustment value is calculated, preferably at the central server, by comparing the predetermined amount already charged with the final transaction amount. A new predetermined amount charged, upon a subsequent presentation of the payment device, is modified by the variable adjustment value.

Claims

1. A method for payment with a payment device when a final transaction amount is not known upon first presentation of said payment device to a merchant, said method comprising the steps of:

charging a predetermined amount upon said first presentation, using at least one hardware processor;

calculating said final transaction amount, using said at least one hardware processor and subsequent to said first presentation, said calculated final transaction amount being calculated at a central server;

calculating a variable adjustment value using said at least one hardware processor by comparing said predetermined amount already charged with said final transaction amount, said calculated variable adjustment value being calculated at said central server; and

modifying a new predetermined amount charged, upon a next presentation of said payment device for a next transaction, by said variable adjustment value, using said at least one hardware processor;

wherein;

said payment device comprises a smart card having a monetary balance stored thereon;

said merchant comprises a transit authority associated with a transit system; and

said first presentation comprises entry to said transit system for a journey and said predetermined amount is charged against said monetary balance stored on said smart card;

further comprising the additional step of checking out of said transit system, using said smart card, at an end of said journey;

wherein;

said final transaction amount comprises a distance based transit fare, calculated at said central server, after said checking out, based on said first presentation and said checking out, according to a fare calculation scheme having a maximum fare for a maximum distance traveled and at least one lesser fare for a lesser distance traveled;

said variable adjustment value is calculated at said central server as a difference between said maximum fare and said final transaction amount;

said predetermined amount comprises one of;

said maximum fare; and

said maximum fare less a previous variable adjustment value; and

said new predetermined amount charged is charged against said monetary balance stored on said smart card.

2. The method of claim 1, wherein said at least one hardware processor comprises a first processor located on said central server, a second hardware processor, and a third hardware processor, further comprising:

providing a system, wherein said system comprises distinct software modules, each of said distinct software modules being embodied on a non-transitory tangible computer-readable recordable storage medium, and wherein said distinct software modules comprise a reader module, a payment platform module, and an active file manager module;

wherein;

said payment platform module executes on said first processor located on said central server;

said step of charging said predetermined amount upon said first presentation is carried out by said reader module executing upon said second hardware processor, said second hardware processor being associated with a terminal;

said step of calculating said final transaction amount, subsequent to said first presentation, is carried out by said payment platform module executing on said first processor located on said central server;

said step of calculating said variable adjustment value is carried out by said payment platform module executing on said first processor located on said central server; and

said step of modifying said new predetermined amount charged, upon said next presentation of said payment device, is carried out by said active file manager module executing in association with said third hardware processor, said third hardware processor being located on a front end communications processor.

3. The method of claim 2, wherein said system further comprises a fare gate assembly, said fare gate assembly comprising said second hardware processor associated with said terminal, further comprising opening said fare gate assembly upon said first presentation.

4. The method of claim 2, wherein said modifying comprises initially charging said predetermined amount, less said variable adjustment value, for said next transaction.

5. The method of claim 2, further comprising the additional step of applying a value of zero to said variable adjustment value in a case where a user of said device fails to check out of said transit system upon exit, wherein said maximum fare is applicable in said case where said user fails to check out, and wherein said applying said value of zero is carried out by said payment platform module executing on said central server.

6. The method of claim 2, further comprising the additional step of initializing said variable adjustment value to said maximum fare less a minimum fare, prior to said first presentation, whereby a user of said device having a balance at least equal to said minimum fare may enter said transit system upon said first presentation of said device, said initializing of said variable adjustment value being carried out by said payment platform module executing on said central server.

7. The method of claim 1, wherein, in said step of modifying said new predetermined amount charged, said next transaction is with said merchant.

8. An apparatus for payment with a payment device when a final transaction amount is not known upon first presentation of said payment device to a merchant, said apparatus comprising:

a memory; and

at least one processor, coupled to said memory, and operative to;

facilitate charging a predetermined amount upon said first presentation;

facilitate calculating said final transaction amount subsequent to said first presentation, said calculated final transaction amount being calculated at a central server;

facilitate calculating a variable adjustment value by comparing said predetermined amount already charged with said final transaction amount, said calculated variable adjustment value being calculated at said central server; and

facilitate modifying a new predetermined amount charged, upon a next presentation of said payment device for a next transaction, by said variable adjustment value;

wherein;

said at least one processor comprises a processor located on said central server, a first entrance terminal processor coupled to said processor located on said central server, a second entrance terminal processor coupled to said processor located on said central server, and an exit terminal processor coupled to said processor located on said central server;

said apparatus is configured for operation with said payment device, said payment device comprising a smart card having a monetary balance stored thereon;

said merchant comprises a transit authority associated with a transit system; and

said first presentation comprises entry to said transit system for a journey and said predetermined amount is charged against said monetary balance stored on said smart card by said first entrance terminal processor;

said exit terminal processor is operative to check a holder of said payment apparatus out of said transit system, using said smart card, at an end of said journey;

wherein;

said final transaction amount comprises a distance based transit fare, calculated by said processor located on said central server, after said checking out, based on said first presentation and said checking out, according to a fare calculation scheme having a maximum fare for a maximum distance traveled and at least one lesser fare for a lesser distance traveled;

said variable adjustment value is calculated by said processor located on said central server as a difference between said maximum fare and said final transaction amount;

said predetermined amount comprises one of;

said maximum fare; and

said maximum fare less a previous variable adjustment value; and

said new predetermined amount charged is charged against said monetary balance stored on said smart card by said second entrance terminal processor.

9. The apparatus of claim 8, wherein said at least one processor comprises a first processor located on said central server, a second processor, and a third processor, further comprising:

a terminal, said second processor being associated with said terminal;

a front end communications processor, said third processor being associated with said front end communications processor; and

distinct software modules, each of said distinct software modules being embodied on a tangible computer-readable recordable storage medium, said distinct software modules comprising a reader module, a payment platform module, and an active file manager module;

wherein;

said second processor is operative to charge said predetermined amount upon said first presentation by executing said reader module;

said first processor is operative to calculate said final transaction amount, subsequent to said first presentation, by executing said payment platform module;

said first processor is operative to calculate said variable adjustment value by executing said payment platform module; and

said third processor is operative to modify said new predetermined amount charged, upon said next presentation of said payment device for said next transaction, by executing said active file manager module.

10. The apparatus of claim 9, wherein said apparatus further comprises a fare gate assembly, said fare gate assembly comprising said second processor, said second processor being operative to facilitate opening said fare gate assembly upon said first presentation.

11. The apparatus of claim 9, wherein said third processor is operative to modify said new predetermined amount charged by initially charging said predetermined amount, less said variable adjustment value, for said next transaction.

12. The apparatus of claim 9, wherein said first processor is operative to apply a value of zero to said variable adjustment value in a case where a user of said device fails to check out of said transit system upon exit, wherein said maximum fare is applicable in said case where said user fails to check out, and wherein said applying of said value of zero is carried out by said payment platform module executing on said first processor.

13. The apparatus of claim 9, wherein said first processor is operative to initialize said variable adjustment value to said maximum fare less a minimum fare, prior to said first presentation, whereby a user of said device having a balance at least equal to said minimum fare may enter said transit system upon said first presentation of said device, said initializing of said variable adjustment value being carried out by said payment platform module executing on said first processor.

14. The apparatus of claim 8, wherein said at least one processor is operative to facilitate modifying said new predetermined amount charged, upon said next presentation of said payment device for said next transaction, by said variable adjustment value, with said next transaction being with said merchant.

15. A computer program product for payment with a payment device when a final transaction amount is not known upon first presentation of said payment device to a merchant, said computer program product comprising a non-transitory tangible computer readable storage medium having program instructions embodied therewith, the program instructions being executable by at least one hardware processor to cause said at least one hardware processor to perform a method comprising:

charging a predetermined amount upon said first presentation;

calculating said final transaction amount, subsequent to said first presentation, said calculated final transaction amount being calculated at a central server;

calculating a variable adjustment value by comparing said predetermined amount already charged with said final transaction amount, said calculated variable adjustment value being calculated at said central server; and

modifying a new predetermined amount charged, upon a next presentation of said payment device for a next transaction, by said variable adjustment value;

wherein;

said payment device comprises a smart card having a monetary balance stored thereon;

said merchant comprises a transit authority associated with a transit system; and

said first presentation comprises entry to said transit system for a journey and said predetermined amount is charged against said monetary balance stored on said smart card;

said method further comprises checking out of said transit system, using said smart card, at an end of said journey;

wherein;

said final transaction amount comprises a distance based transit fare, calculated at said central server, after said checking out, based on said first presentation and said checking out, according to a fare calculation scheme having a maximum fare for a maximum distance traveled and at least one lesser fare for a lesser distance traveled;

said variable adjustment value is calculated at said central server as a difference between said maximum fare and said final transaction amount;

said predetermined amount comprises one of;

said maximum fare; and

said maximum fare less a previous variable adjustment value; and

said new predetermined amount charged is charged against said monetary balance stored on said smart card.

16. The computer program product of claim 15, wherein:

the at least one hardware processor on which the program instructions are executable comprises a first hardware processor located on said central server, a second hardware processor, and a third hardware processor;

the program instructions comprise distinct software modules, each of said distinct software modules being embodied on said non-transitory tangible computer readable storage medium, and wherein said distinct software modules comprise a reader module, a payment platform module, and an active file manager module;

wherein;

said payment platform module is configured to execute on said central server;

said reader module comprises said program instructions executable to cause said charging of said predetermined amount upon said first presentation, said reader module being configured to execute upon said second hardware processor, said second hardware processor being associated with a terminal;

said payment platform module comprises said program instructions executable to cause said calculating of said final transaction amount, subsequent to said first presentation, said payment platform module being configured to execute on said first hardware processor located on said central server;

said payment platform module comprises said program instructions executable to cause said calculating of said variable adjustment value, said payment platform module being configured to execute on said first hardware processor located on said central server; and

said active file manager module comprises said program instructions executable to cause said modifying of said new predetermined amount charged, upon said next presentation of said payment device for said next transaction, said active file manager module being configured to execute in association with said third hardware processor, said third hardware processor being located on a front end communications processor.

17. The computer program product of claim 15, wherein said program instructions executable to cause said modifying of said new predetermined amount charged comprise program instructions executable to cause said modifying of said new predetermined amount charged, upon said next presentation of said payment device for said next transaction, by said variable adjustment value, with said next transaction being with said merchant.