Delayed transit fare assessment
US10055735B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 1, 2007 |
| Grant date | Aug 21, 2018 |
| Priority date | — |
| Expiry date | May 1, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07B15/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
At each of a plurality of point of sale terminals (POS) of a merchant, for each of a plurality of consumers, where each consumer seeks to conduct a transaction with the merchant for a good or service at a cost by using a payment device issued by an issuer in a payment system, data is read from a payment device. The data can include an identifier for an account issued by an issuer. Information is stored for each transaction and the consumer is permitted to receive the good or service from the merchant. After the consumer has received the good or service, a batch of the transaction are processed to derive there from the respective costs that are assessable to the respective accounts, where the merchant can be a transit system, the consumer a rider thereon, and the transaction can be access to a facility thereof.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.