Automated, secure inter authority settlement method and system f

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Transportation facility access

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705 39, 705 40, 705 41, 705 42, 705 30, 705 44, G06F16300

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active

058094806

ABSTRACT:
Electronic toll collection will eventually become standardized on the nation's toll roads making possible non-stop toll payments to many different toll Authorities from a single in-vehicle-device. Such a development should go hand-in-hand with electronic inter Authority settlements from prepaid accounts held by any one Authority, paying any other Authority for a vehicle's use of its facilities. This invention describes a method, and a system, that conducts automated, inter Authority settlements from prepaid accounts in a manner suited to a large number of participating, autonomous Authorities also including the ability to detect and pinpoint fraud affecting each Authority's cash flow anywhere in the greater system.

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