Patent ID: 8256666

Claim:
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: a Primary Account Number (PAN) assigned by the issuer of the payment device and upon which at least one said consumer is to conduct said transaction for the ride service with the merchant, wherein the PAN can be used to conduct other transactions with other merchants that are not transit agencies; and a payment device distinguishing code assigned by the issuer and uniquely identifying the payment device with respect to the PAN among a plurality of payment devices that are associated with the PAN; 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.