UA-106566576-1 US8095304B2 Cargo tracking and visibility system and method – Pengraphics Advertising

US8095304B2 Cargo tracking and visibility system and method

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Cargo Tracking And Contactless Payment

We’ll explain how contactless payments work, how to choose between the available options, how to get contactless payments set up, and finally, how to complete a transaction. According to a Mastercard survey, three-quarters of those surveyed say they’ll continue using contactless payments in the future. In terms of security, Apple Pay is supported by NFC technology, an acronym for Near-Field Communications. This means that your payment information can be transferred simply by placing your phone near the contactless reader, and information is highly encrypted to ensure your data stays safe. The banking industry needs to adapt to a remote employee and consumer base, bumping the role of “banker” into a truly digital experience. They can look to some of the most successful digital-first banks, which have shunned a brick-and-mortar presence to focus solely on digital experiences and save costs.

During contactless transactions, a unique one-time token is sent from your card or smart device to the POS terminal during each transaction. This token doesn’t contain any of your card information, and the token can’t be used to make additional purchases. It’s the same technology that the chip on your credit or debit card uses. Contactless payment uses radio frequency identification technology and near-field communication to offer customers a more secure payment method than the traditional method of swiping a credit card.

You can feel secure that your information isn’t floating around on your phone. WebFXs proprietary digital marketing platform makes it easier than ever to track digital marketing performance, conduct industry research, calculate ROI, and make strategic decisions.

Contactless Cards

PayCargo’s digital platform provides ubiquitous access for all our customers with an easy-to-use solution for payments which has become a default option in many instances. PayCargo has also been quick to adapt to our changing business needs. Rather than handing the flight attendant a credit card, the flight attendant will ask for the customer’s name and seat to confirm the card on file. Once confirmed, customers will receive their products and the card on file will be charged accordingly. The global contactless payment market is anticipated to garner revenue of $20,340.3 million by 2026.

PayCargo’s 5,000+ Logistics Provider Network is the largest in the industry. You can now pay all of your providers instantly from one platform and not have to worry about tracking check deliveries or managing cash. With PayCargo, your payment is instantly sent to your logistics provider and your cargo is released the same day, sometimes within a few hours. Every country sets a maximum spend for contactless cards to lessen the likelihood of theft. They haven’t descended into madness so we can conclude that contactless cards are not the end of the world. The terminal can electronically read the card details without ever touching it. The chip on the back of the card transmits the signal to the PoS or Point of Sale terminal.

A cargo load and visibility system according to claim 1 wherein said reader comprises a contactless reader. As such, it would be desirable to provide for an improved supply system, both in the commercial context and the military context. In particular, it would be desirable to provide for a supply system that was more visible such that the status of supplies that had been previously ordered could be readily determined. Additionally, it would be desirable to provide for an improved supply system that would be capable of supporting more ad-hoc military operations that are less reliant on existing infrastructure, while also permitting the redirection of supplies in instances in which the military personnel has or is changing locations. Like Apple Pay and Google Pay also use this technology, with NFC capabilities built into devices like smartphones and dedicated digital wallets.

Can a customer be charged twice?

You don’t want to miss out on conversions because the wait is too long for customers that want to move quickly in and out of your store. When you decrease the amount of time it takes to complete a transaction, you can take more customers.

Cargo Tracking And Contactless Payment

In accordance with another aspect of the present invention, a method of tracking cargo is provided in which cargo is identified with a reader unit mounted upon a delivery vehicle as the cargo is loaded on or unloaded from the delivery vehicle. In this regard, the cargo may be identified with the reader unit in a contactless manner. To facilitate the loading process, the method may optionally provide information regarding placement of the cargo upon the delivery vehicle based upon the cargo manifest.

When would a signature be required for a contactless payment?

Similarly, voice-activated payment will see a significant rise in the coming years. For voice-activated payments, machine learning can understand the specific nuances of voice—including accents, slang and dialects—allowing for customers to quickly and easily access information.

  • However, the cargo load and visibility system can be employed in conjunction with other stages of the supply operations, if so desired.
  • We know how to market your business to customers and get them to take advantage of contactless payment.
  • Across the world’s 20 largest container ports, the report found that average Demurrage and Detention (D&D) fees levied by container lines on customers two weeks after a box was discharged from the vessel more than doubled across ports and shipping lines between March 2020 and March 2021.
  • In order to provide reliable data to RFID application, it is necessary to clean the collected data.
  • While the consideration of the remaining fuel has been described above as an example of the state data, the cargo management system can consider other types of state data prior to issuing re-tasking instructions.
  • PayCargo’s 5,000+ Logistics Provider Network is the largest in the industry.

Consumers are now able to dispute fraudulent transactions and get replacement cards. There are also protective card sleeves and wallets that block readers from getting to your card data in the first place.

contactless payment

Within this supply system, at all times, supplies valued at about 86 billion dollars are in the supply chain pipeline, i.e., are in the process of being shipped from their source to the intended destination and/or are disposed in inventory at some intermediate location. Of the assets in the supply chain pipeline, the Government Account Office has estimated that the Department of Defense has no visibility for supplies valued at about 27 billion dollars. In addition to difficulties in tracking supplies, inventory management also poses an issue, at least partially due to the lack of visibility within the supply chain.

Non-contact forms of payment have been put to use mostly by corporations. The move to digital payments has been slow for small and mid-size businesses , which often lag behind enterprises when it comes to digital transformation and cybersecurity enhancements. Expect this to change as more customers feel that using their phone and contactless mobile payments is the safest way to exchange money. Some merchants don’t accept contactless payments, and if you only have your smartphone or watch, you could get stuck somewhere without a payment method. Plastic credit and debit cards with built-in contactless technology don’t require set up, and all four of the major networks issue contactless cards. Provided by the fintech giants Square, Cash App is a third-party payment app that allows you to link up your debit card or even purchase or make transactions using Bitcoin as a payment currency. Just like with Apple and Google Pay, the app keeps a separate balance from your main bank account, and debits are deducted from this amount.

Cargo Tracking And Contactless Payment

Across the world’s 20 largest container ports, the report found that average Demurrage and Detention (D&D) fees levied by container lines on customers two weeks after a box was discharged from the vessel more than doubled across ports and shipping lines between March 2020 and March 2021. As we look towards 2022, here are some of the top trends and priorities to keep an eye on in the year ahead from Nuvocargo, the first digital freight forwarder and customs broker for US/Mexico trade. Are you interested in custom reporting that is specific to your unique business needs? Powered by MarketingCloudFX, WebFX creates custom reports based on the metrics that matter most to your company. RFID technology is increasingly becoming popular in several sectors due to its low cost and simplicity. This technology is widely used for proximity detection, vicinity detection, tracking, authentication, and access control.

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Both methods may have transaction limits set by their bank or card issuer that vary according to the financial institution. Retailers may also have limits in place to protect against fraud, though many still allow large transaction amounts. Some payments of a certain value may also require a signature for the transaction to be approved. For example, some Apple Pay customers in the US might need to provide a signature for purchases over $50. The term contactless payment refers to a secure method for consumers to purchase products or services using a debit, credit, smartcard, or another payment device by using radio frequency identification technology and near-field communication .

  • Most major banks require their own proprietary apps to use cardless ATMs, but some institutions’ cards can be used with different types of e-wallets.
  • The immediate benefits of contactless payments for consumers are fairly obvious.
  • Radio Frequency Identification is a wireless communication technology used for data communication and object identification.
  • After all, what’s to stop a hacker from hacking your phone to steal your card information?
  • More specifically, contactless payment systems use NFC, a type of technology that falls within RFID.
  • A dual interface chip card is a credit or debit card with an embedded chip that allows the card to be used in both contact and contactless transactions.
  • When the system accepts the tap, it signals the customer with a beep, green light, or checkmark.

Even if you don’t have an iPhone, there are plenty of contactless payment apps. Android users can download a variety of different apps, and Google Pay is a great contactless payment service which is also supported by NFC technology for your ease and security. The app was formerly known as Android Pay, and it is accepted by most major retailers. The use of AI-enabled chatbots in contactless payment apps can create a more personalized experience for customers.

Some rewards credit cards even offer increased rewards for contactless payments. To keep pace with consumer demand for contactless payments, U.S. banks have a long way to go to make sure they see the benefits of its recent rapid adoption. Not only do contactless payment services, like Venmo, Zelle and Square, retain a competitive advantage because of https://quickbooks-payroll.org/ their established presence, but many banks are lacking in the essential infrastructure to enable contactless experiences. If people are purchasing products from your ecommerce store, they don’t need to take the time to grab their wall and input their bank card. They can use contactless payment to quickly make a purchase and move on with their day.

Contactless payment is a secure payment method that allows customers to pay for goods and services using their smartphone, debit card or credit card using radio frequency identification technology and near-field communication . Smartphone apps and mobile wallets have increased the popularity of contactless transactions. In either instance, the delivery vehicle tracking system 20 and, in particular, the processor 24 in combination with the receiver 22 are configured to receive and implement any re-tasking instructions from the cargo management system 14 in order to implement any new route. Once at the destination, the reader unit 30 can again identify the cargo as the cargo is unloaded from the delivery vehicle 12. Based upon the information provided by the reader unit regarding the cargo that is unloaded, the processor can determine that all of the cargo to be unloaded at the destination is actually unloaded, while also insuring that no cargo that is not intended to be unloaded at the destination is inadvertently unloaded. While the consideration of the remaining fuel has been described above as an example of the state data, the cargo management system can consider other types of state data prior to issuing re-tasking instructions. For example, the processor may consider the configuration of the delivery vehicle to determine if the delivery vehicle is appropriately configured to service the potentially new destination.

Cargo Tracking And Contactless Payment

The allowable amount for a contactless transaction varies by country and by the bank. Some merchants and retailers may set a low limit for their tap system in order to further prevent fraud, while others still allow large transactions to go through.

The method of this embodiment also determines the cargo currently onboard the delivery vehicle based upon the cargo identified by the reader unit as the cargo is loaded on or unloaded from the delivery vehicle. The method also determines any discrepancy between the cargo manifest and the cargo currently onboard the delivery vehicle based upon the information provided by the reader unit. Further, the method transmits information regarding the position of the delivery vehicle and state data including information from which an amount of fuel carried by the delivery vehicle or the remaining range of the delivery vehicle is determinable.

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The processor is also configured to appropriately analyze or otherwise process the information, as described below. In this regard, the processor of the cargo management system may be configured to receive information from the delivery vehicles that identifies the goods that have been loaded upon the delivery vehicle. Additionally, the processor 24 of the delivery vehicle tracking system 20 in combination with the transmitter 36 can be configured to provide state data to the cargo management system 14 representative of the current state of the delivery vehicle 12.

Moreover, smartphone users may be unable to make contactless payments if their device has a low battery charge. The immediate benefits of contactless payments for consumers are fairly obvious. But contactless payments also benefit merchants by enabling them to provide a superior in-store experience.

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This payment method works by tapping a payment card or other device near a point-of-sale terminal equipped with contactless payment technology. Contactless payment is also referred to as tap-and-go or tap by some banks and retailers.

For instance, in November 2018, RBI replaced all magnetic stripe-only cards to EMV chips and also started a second-factor authentication for transactions up to INR 2,000/-. Contactless payment cards and authorized mobile devices have an embedded RFID microchip, transponder and an antenna. To make a purchase, the customer must be in close proximity to the vendor’s reader. Instead, they tokenize the shopper’s payment card and simply pass that information on to the appropriate credit card network. The cargo management system 14 also includes a processor 64, such as a computer, a server or other type of computing device, for receiving the signals from the receiver 60, such as from the delivery vehicles 12, and for providing signals to the transmitter 62 for transmission to the delivery vehicles.

Of these medical healthcare applications are of more importance because minute errors in it can cost heavy financial and personal losses. Data captured by RFID reader often has errors including false negatives, false positives and duplicates. In order to provide reliable data to RFID application, it is necessary to clean the collected data. In this paper we have suggested physical solutions to solve missed readings, middleware solutions to overcome anomalies found within the reader and finally rule based solutions to correct various anomalies already exist in the database. Drawbacks of the methodologies are also discussed and some solutions are suggested. With the aid of the planned data cleaning technique we can bring down the health care costs, optimize business processes, streamline patient identification processes and improve patient safety. The security and privacy issues of RFID, and their solutions are also discussed.

In addition, the cargo may also be identified as the cargo is unloaded from the delivery vehicle upon reaching its destination. A contactless payment is a wireless financial Cargo Tracking And Contactless Payment transaction in which the customer authorizes monetary compensation for a purchase by moving a security token in close proximity to the vendor’s point of sale reader.

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