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US 2014/0180776 A1Published application
Public transit system fare processor for multi-balance funding
AssigneeSmart Systems Innovations, LLC
InventorMartin Friedrich Ludwig SILBERNAGL
Life of this patent
Estimating the term…
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.
Claims17
A processing system for bankcards, comprising:
- a first interface to communicate with at least one bankcard terminal;
- 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 bankcard previously presented, by a respective holder of the bankcard, to a registration system, wherein the bankcard comprises one of a credit card and a debit card, wherein the identifier is based on at least part of bankcard data from the bankcard, 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.
3 more elements
A method for maintaining a set of bankcard records at a processing system, the method comprising:
- receiving, from a bankcard registration system, a registration request containing bankcard data of a bankcard presented by a respective holder of the bankcard, wherein the bankcard comprises one of a credit card and a debit card;
- determining an identifier based on at least part of the bankcard data from the presented bankcard;
- determining whether the presented 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 processing system, and wherein the set of bankcard records identifies bankcards from a plurality of issuers;
- verifying, with a bankcard verification system, eligibility of the presented bankcard for a future purchase;
- and
- downloading, to at least one bankcard terminal, the set of bankcard records.
3 more elements
Dependencies are inferred from the claim text.