http://rdf.ncbi.nlm.nih.gov/pubchem/patent/AU-2017206035-B2

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filingDate 2017-01-06-04:00^^<http://www.w3.org/2001/XMLSchema#date>
grantDate 2020-03-05-04:00^^<http://www.w3.org/2001/XMLSchema#date>
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publicationDate 2020-03-05-04:00^^<http://www.w3.org/2001/XMLSchema#date>
publicationNumber AU-2017206035-B2
titleOfInvention Authenticating payment credentials in closed loop transaction processing
abstract Presentation of an open-loop smart chip-based payment device is obtained at a terminal-reader assembly in a closed-loop transit environment. Verification of cryptographic credentials associated with the open-loop smart chip- based payment device is carried out at a transit payment network interface processor within the closed-loop transit environment. A financial check of an account associated with the open-loop smart chip-based payment device is performed. Responsive to determining that the verification and financial check are successful, access to the transit environment is granted to a holder of the open-loop smart chip- based payment device.
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