Patent ID: 8256666
Filing Date: 2012-09-04
Classification: G06Q,G07B

Abstract:
1. At each of a plurality of point of sale terminals (POS) of a merchant that is a transit agency, for each of a plurality of consumers each seeking to conduct a transaction with the merchant for a ride service at a cost by using a payment device issued by an issuer in a payment system, a method comprising a plurality of steps each being performed by hardware executing software, wherein the steps include: reading data from a data storage region of the payment device that includes: determining, at the point of sale terminal of the merchant, a Globally Unique Identifier (GUID) of the payment device based at least in part on both the PAN and the payment device distinguishing code; storing the GUID in a transit agency database, wherein the GUID is associated with information regarding the ride service; deriving a fare for said transaction using the information associated with the GUID and stored in the transit agency database; and sending the GUID and the fare for processing by the payment system.