Public transit system fare processor for multi-balance funding

• US 9,558,487 B2
• Filed: 03/03/2014
• Issued: 01/31/2017
• 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:
  US14/195,537
• Publication Number:
  US 20140180776A1
• Time in Patent Office: 1,065 Days
• Field of Search: 235/375, 235380-3825, 235/379, 235/449, 235/493
• US Class Current: 1/1
• 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 bankcard processing system, comprising:

a first interface to communicate with at least one bankcard terminal communicating bankcard number information and additional bankcard data;

a processor coupled to the first interface;

memory, coupled to the processor, to hold a set of bankcard records comprising, for each bankcard record in the set, an identifier of a standard bankcard previously presented, by a respective holder of the standard bankcard, to a registration system one of a credit card and a debit card, wherein the identifier is derived from at least part of a number from the credit card or the debit card and the additional bankcard data, and wherein the set of bankcard records identifies bankcards from a plurality of issuers;

a second interface, coupled to the processor, to communicate with a bankcard verification system; and

a third interface, coupled to the processor, to communicate with a bankcard registration system.

2. The bankcard processing system of claim 1, wherein the set of bankcard records comprises a subset of bankcard records each comprising an indication as being eligible for a future purchase at a bankcard terminal.

3. The bankcard processing system of claim 1, wherein the bankcards are compliant with ISO/IEC 14443.

4. The bankcard processing system of claim 1, wherein the bankcard reader is compliant with MasterCard®

PayPass™

.

5. The bankcard processing system of claim 1, wherein the verification system comprises an interface to communicate with an issuer of the standard bankcard.

6. The bankcard processing system of claim 1, wherein the registration system comprises a website.

7. The bankcard processing system of claim 1, wherein the registration system comprises an interactive kiosk.

8. The bankcard processing system of claim 1, wherein the registration system comprises an interface to an issuer'"'"'s back office systems.

9. A method for maintaining a set of bankcard records at a bankcard processing system, the method comprising:

receiving, from a bankcard registration system, a registration request containing bankcard data of a standard bankcard presented by a respective holder of the standard bankcard, wherein the standard bankcard comprises one of a credit card and a debit card;

determining an identifier derived from at least part of a number from the credit card or the debit card and additional bankcard data;

determining whether the standard bankcard is contained in a set of bankcard records comprising, for each bankcard record in the set, an identifier of a bankcard previously presented to the bankcard processing system, wherein the set of bankcard records identifies bankcards from a plurality of issuers;

verifying, with a bankcard verification system, eligibility of the standard bankcard for a future purchase; and

downloading, to at least one bankcard terminal, the set of bankcard records.

10. The method of claim 9, further comprising incorporating the standard bankcard into the set of bankcard records, if the act of verifying the standard bankcard with the bankcard verification system results in receiving an indication of a valid bankcard.

11. The method of claim 9, further comprising downloading, to at least one bankcard terminal, updates to the set of bankcard records.

12. The method of claim 9, further comprising reporting a failure, if the act of verifying the standard bankcard results in a determination of an invalid bankcard.

13. The method of claim 9, further comprising removing, from the set of bankcard records, the standard bankcard, if the act of verifying the presented bankcard results in the determination of an invalid bankcard.

14. The method of claim 9, wherein the act of verifying the standard bankcard with the bankcard verification system comprises verifying the standard bankcard with a clearing and settlement network.

15. The method of claim 9, wherein the act of verifying the standard bankcard with the bankcard verification system comprises receiving an authorization, from a clearing and settlement network, for an amount of funds from an account linked to the standard bankcard.

16. The method of claim 9, wherein the act of verifying the standard bankcard with the bankcard verification system results in a failed attempt.

17. The method of claim 9, wherein the act of verifying the standard bankcard with the bankcard verification system comprises receiving, from the bankcard verification system, an indication that the bankcard verification system rejects authorized of a financial charge.