JPMORGAN CHASE BANK, N.A. (New York, NY)

These systems and techniques are used to facilitate digital wallets for transit payments. One embodiment describes a method of managing transit payments with the use of a digital wallet. This includes (1) receiving, via a receiver associated with a vehicle, first communications from a mobile electronic device associated with a traveler, which could comprise an identification of the payment device that is linked to a traveler’s digital wallet; (2) receiving from the receiver and at the second location of the vehicle another communication at the conclusion of the journey; (3) computing a price based on a distance between the first and second vehicle positions; (4) The computer processor submits an automatic request to the instrument issuer

1. Field of the Invention

The invention is generally applicable to systems and methods for digital wallet transit payments.

2. Description of Related Art

Many users pay for transportation services by linking their accounts with their mobile phones. Uber customers will be charged for the cost to the payment method of record after completing an excursion. This is determined by distance, time and the demand.

These systems and techniques are designed for digital wallet transit payments. One embodiment describes a method of managing transit payments with a digital wallet. This includes (1) receiving from a receiver connected to a vehicle at a firstvehiclelocation, a first message sent by an electronic device on mobile to a person traveling with an instrument for payment the first communication prior to when the traveler starts a trip in the vehicle; (2) receiving from the receiver and , at the second location, a second communication via the mobile device at the end of the journey; (3) computing a cost based on the calculated traveled distance and (4) making an inquiry to the issuer of the payment instrument.

One possible embodiment could include identification details about the traveler. A biometric for the traveler could be included in the identification data.

In one particular embodiment, the method may further include the verification of identity of the traveler based on the identity information.

One possible embodiment could use the location of the mobile devices in order to identify where the vehicles are of the first and second vehicles.

In one particular embodiment, the computer processor is located far from the vehicle and the receiver communicates the first message and the second message to the processor through an internet-based communication network.

According to another embodiment, a method for managing transit payments using a digital wallet may include (1) a mobile application executed by a mobile electronic device comprising at least one computer processor communicating, to a receiverassociated with a vehicle, a first communication comprising an identification of a payment instrument from a digital wallet, the first communication received before the traveler begins a trip in the vehicle at a first vehicle location; (2) the mobileapplication receiving a fare structure for the trip from the receiver; (3) the mobile application using a location-sensing device in the mobile electronic device to monitor the vehicle’s trip progress; (4) the mobile application calculating,substantially in real-time, a current estimated fare based on the fare structure and the vehicle’s trip progress; (5) the mobile application displaying trip data based on the trip progress and the fare data, the trip data comprising a current vehiclelocation and a current estimated fare; (6) the mobile application communicating, to the receiver, a second communication at a conclusion of the trip at a second vehicle location; (7) the mobile application displaying an expected total fare based on thefare structure and a distance traveled between the first vehicle location and the second vehicle location; and (8) the mobile application receiving an actual fare charge for the trip.

One embodiment of the method involves the mobile app determining that the actual cost is greater than the anticipated total cost by a predetermined amount and immediately submitting a dispute form to the issuer of the financial instrument. One example permits the submission of a claim via a digital wallet application which is run on the mobile electronic device.

One option is for the mobile application to receive the actual charge from the app connected to the digital wallet or from the issuer of financial instrument, etc.

One possible embodiment could also contain details about the traveler’s identity.

In one instance the identification data could include at least one traveler biometric.

According to another embodiment the method of managing the payment for transit using digital wallets may involve (1) receiving at a first receiver situated at an entry point to a transportation system, a first message from a mobile electronic deviceassociated with a person traveling, containing an identification of a credit card instrument from a traveler’s digital wallet (2) receiving, at a second receiver situated at the exit of the transit system, a subsequent message via the mobile electronic device following the conclusion of the journey (3) an transit system computer processor that calculates an amount based on the location of the first receiver and the position of the second receiver, and a fare structure and (4) the computer processor of the transit system sending atransaction request for the fare to the issuer of the instrument of payment.

One example could contain the traveler’s identification number. The biometric of the traveler may be part of the identification information.

A specific embodiment of the method could also incorporate the processor of the system for transit verifying the identity of the passenger using the identification data.

One embodiment of the method may also comprise the processor of the transit system that sends fare information to mobile electronic devices.

One embodiment of the method may also involve the processor of the transit system receiving a dispute-related notice from the provider of the payment instrument.

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