Methods and systems for immediate fare notification in account-based ticketing

A system comprising:

• a processor;
• and
• a memory in communication with the processor, the memory storing program instructions, the processor operative with the program instructions to perform functions as follows:
• receive a first parameter at a payment-enabled mobile device indicating a first location associated with a first terminal device, in response to a user presenting the mobile device at the first terminal device;
• store the first parameter;
• receive a second parameter at the mobile device indicating a second location associated with a second terminal device, in response to the user presenting the mobile device at the second terminal device;
• provide parameters, including the first parameter and the second parameter, to a comparison mechanism on the mobile device configured to compare the parameters to fare calculation information stored in the mobile device;
• determine an amount to be deducted from an open-loop payment account stored in the mobile device based on the comparison;
• and
• generate a notification on the mobile device indicating the amount to be deducted, for travel between the first location and the second location.

A non-transitory computer readable medium having stored therein instructions that when executed cause a computer to perform a method comprising:

• receiving a first parameter at a payment-enabled mobile device indicating a first location associated with a first terminal device, in response to a user presenting the mobile device at the first terminal device;
• storing the first parameter;
• receiving a second parameter at the mobile device indicating a second location associated with a second terminal device, in response to the user presenting the mobile device at the second terminal device;
• providing parameters, including the first parameter and the second parameter, to a comparison mechanism on the mobile device configured to compare the parameters to fare calculation information stored in the mobile device;
• determining an amount to be deducted from an open-loop payment account stored in the mobile device based on the comparison;
• and
• generating a notification on the mobile device indicating the amount to be deducted, for travel between the first location and the second location.