Automated Fare Collection Solution, which serves as a basis for cashless payments primarily in the transportation industry, but not exclusively limited to the transport sector.
PROJECT HARDWARE AND SOFTWARE
The software is a cloud-based solution, that is the backend of the whole payment platform. From handling customer accounts, to detailing transactions made daily in real-time. The server platform is accessible by a select few users, ranging from Super Administrators to Sales Agents, Customer Support Call center, and end users being customers. Platform also exists on the user’s mobile phones across Web/iOS/Android or any other mobile operating system.
In terms of hardware, the end-users use NFC cards for payments, or wristbands with NFC, or any NFC embedded device, wearable that can make contactless payment with the collection point Terminal.
The terminal is like a Point-of-Sale device, running the collection software. In the case of transport, the POS terminal is a handheld device used by the driver, to collect payment from passengers.
HANDLING FINANCIAL TRANSACTIONS
Accountability for money is not only kept in a database that tracks all payments made across the entire platform, but also the collections, right down to each vehicle equipped with a POS terminal. Digital wallets held across Mobile Phone Operators, allow customers of each network, to easily load credit, into their mobile wallet, and load credit onto the AFC (Automated Fare Collection) platform. Money is easily moved from mobile wallet to wallet, from bank to mobile wallet as well.
As owners of the platform, we would be taking a commission from every payment made. So, we also have a mobile wallet, that collects money across all the various Mobile Phone Operator wallets.
The AFC platform is envisioned to run across other sectors, for ease of payment in various places like retail shops, utility bill payments, service subscriptions, restaurants.
CONCLUSION AND DRAFTING GUIDELINES.
Our request from you is a detailed draft of an application of this nature, with as much technical explanation on the draft. We will discuss in much detail with you, to work on drafting a patent. So, we will be involved in every step of the way, especially if something needs clarification.