Patent ID: 8505816

Claim:
A method of funding transit rides associated with at least one public transit network, from a plurality of funding sources, the method comprising: configuring a processor, associated with the at least one public transit network, wherein configuring the processor comprises: storing, in memory, a plurality of balance classes; storing, in the memory, at least one rule for a prioritization of the balance classes; storing, in the memory, at least one fare rule; and maintaining, in the memory, a transit account and a respective plurality of balances; and processing a bankcard presentation record, wherein the bankcard presentation record comprises an identifier to the transit account, and wherein processing the bankcard presentation record comprises: receiving the bankcard presentation record at the processor; searching the memory for the transit account identified by the identifier in the bankcard presentation record; inferring, from at least one of the at least one fare rules, a resultant fare; selecting a balance from the plurality of balances for the transit account by using at least one of the at least one rule for the prioritization of the balance classes; and accounting for a fare by applying the fare to the selected balance.