Method and system for automated parking validation

A method for automated parking validation, comprising:

• storing, in a transaction database, a plurality of transaction data entries, wherein each transaction data entry includes data related to a process payment transaction including at least a transaction time and/or date, a merchant identifier, and a transaction account number;
• storing, in a parking database, a plurality of parking data entries, wherein each parking data entry includes data related to a parking vendor including at least a vendor identifier and a plurality of predefined merchant identifiers;
• receiving, by a receiving device, an authorization request for a parking transaction, wherein the authorization request includes at least a parking fee amount, a specific vendor identifier, and a specific transaction account number;
• identifying, in the parking database, a specific parking data entry where the included vendor identifier corresponds to the specific vendor identifier;
• calculating, by a processing device, a discount amount if the transaction database includes a transaction data entry where the included merchant identifier is included in the plurality of predefined merchant identifiers included in the identified specific parking data entry, where the included transaction time and/or date is within a predetermined period of time, and where the included transaction account number corresponds to the specific transaction account number;
• and
• processing, by the processing device, the parking transaction.

A method for parking validation reimbursement, comprising:

• storing, in a transaction database, a plurality of transaction data entries, wherein each transaction data entry includes data related to a payment transaction including at least a transaction time and/or date, a merchant identifier, a transaction amount, and a transaction account number;
• storing, in a parking database, a parking data entry, wherein the parking data entry includes data related to a parking vendor including at least a vendor identifier and a plurality of predefined merchant identifiers;
• identifying, in the transaction database, a specific transaction data entry related to a parking transaction where the included merchant identifier corresponds to the vendor identifier;
• calculating, by a processing device, a discount amount if the transaction database includes a transaction data entry where the included merchant identifier is included in the plurality of predefined merchant identifiers included in the parking data entry, where the included transaction time and/or date is within a predetermined period of time of the transaction time and/or date included in the specific transaction data entry, and where the included transaction account number corresponds to the transaction account number included in the specific transaction data entry;
• and
• processing, by the processing device, a reimbursement transaction for the calculated discount amount from a merchant associated with the merchant identifier included in the plurality of predefined merchant identifiers to a transaction account associated with the transaction account number included in the specific transaction data entry.

A system for automated parking validation, comprising:

• a memory of a computing device configured to store a parking fee amount;
• a receiving device configured to store payment details associated with a transaction account;
• a processing device, configured to
• identify transaction data for an eligible payment transaction, wherein the transaction data includes at least a transaction time and/or date and a merchant identifier, and
• discount the parking fee amount by a discount amount if the transaction time and/or date is within a predetermined period of time and the merchant identifier is one of a plurality of predefined merchant identifiers;
• and
• a transmitting device configured to transmit an authorization request for a payment transaction, wherein the authorization request includes at least the received payment details and the discounted parking fee.

A system for automated parking validation, comprising:

• a transaction database configured to store a plurality of transaction data entries, wherein each transaction data entry includes data related to a process payment transaction including at least a transaction time and/or date, a merchant identifier, and a transaction account number;
• a parking database configured to store a plurality of parking data entries, wherein each parking data entry includes data related to a parking vendor including at least a vendor identifier and a plurality of predefined merchant identifiers;
• a receiving device configured to receive an authorization request for a parking transaction, wherein the authorization request includes at least a parking fee amount, a specific vendor identifier, and a specific transaction account number;
• and
• a processing device configured to
• identify, in the parking database, a specific parking data entry where the included vendor identifier corresponds to the specific vendor identifier,
• calculate a discount amount if the transaction database includes a transaction data entry where the included merchant identifier is included in the plurality of predefined merchant identifiers included in the identified specific parking data entry, where the included transaction time and/or date is within a predetermined period of time, and where the included transaction account number corresponds to the specific transaction account number, and
• process the parking transaction.

A system for parking validation reimbursement, comprising:

• a transaction database configured to store a plurality of transaction data entries, wherein each transaction data entry includes data related to a payment transaction including at least a transaction time and/or date, a merchant identifier, a transaction amount, and a transaction account number;
• a parking database configured to store a parking data entry, wherein the parking data entry includes data related to a parking vendor including at least a vendor identifier and a plurality of predefined merchant identifiers;
• and
• a processing device configured to
• identify, in the transaction database, a specific transaction data entry related to a parking transaction where the included merchant identifier corresponds to the vendor identifier,
• calculate a discount amount if the transaction database includes a transaction data entry where the included merchant identifier is included in the plurality of predefined merchant identifiers included in the parking data entry, where the included transaction time and/or date is within a predetermined period of time of the transaction time and/or date included in the specific transaction data entry, and where the included transaction account number corresponds to the transaction account number included in the specific transaction data entry, and
• process a reimbursement transaction for the calculated discount amount from a merchant associated with the merchant identifier included in the plurality of predefined merchant identifiers to a transaction account associated with the transaction account number included in the specific transaction data entry.