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OFFLINE FARE COLLECTION FOR OPEN-LOOP AND HYBRID CARD SYSTEMS

[Category : - Indentification and payment methods]
[Viewed 1793 times]

Interconnected methods of card-based fare collection at computer-based service access validation terminals are disclosed. The first method is characterized by periodically propagating to the validation terminals card transaction data originated at other validation terminals. This method is most pertinent to the public transit fare systems utilizing open-loop payment cards and vehicle-installed terminals. The second method is characterized by actualizing the validation terminals.

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The market value is several billion dollars a year. A comprehensive business plan can be provided.
Patent-pending applications in EU, Canada, and a continuation in U.S.

Patent publications:

US 8954344

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Above 1 million USD

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elishak (Canada)

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