System and method for evaluating transaction patterns
First Claim
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1. A method for evaluating transaction patterns of account holders to determine common points in paths traveled by account holders in a geographical area, the method comprising:
- receiving, at a host computing system, from a plurality of point of sale (POS) devices a plurality of POS datasets for a plurality of transactions conducted by account holders, wherein each POS dataset comprises at least a merchant identifier and an account identifier;
evaluating, by the host computing system, the POS datasets to determine a merchant location for each of the transactions;
generating, by the host computing system, a plurality of geographical transaction paths based on the merchant locations, each transaction path having a starting point and an ending point, with the starting and ending points interconnected based on the merchant locations and the POS datasets, each transaction path representing a traveled geographical path of merchant locations for transactions conducted by an account holder and locations along path segments between the merchant locations; and
evaluating, by the host computing system, the plurality of geographical transaction paths to identify common features of the transaction paths.
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Abstract
Transaction data is collected from POS terminals in order to generate transaction paths for account holders. The transaction paths link merchant locations where transactions are conducted. Common features of transaction paths, such as intersecting path locations, and transaction data associated with the merchant locations are used for marketing and other purposes.
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Citations
19 Claims
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1. A method for evaluating transaction patterns of account holders to determine common points in paths traveled by account holders in a geographical area, the method comprising:
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receiving, at a host computing system, from a plurality of point of sale (POS) devices a plurality of POS datasets for a plurality of transactions conducted by account holders, wherein each POS dataset comprises at least a merchant identifier and an account identifier; evaluating, by the host computing system, the POS datasets to determine a merchant location for each of the transactions; generating, by the host computing system, a plurality of geographical transaction paths based on the merchant locations, each transaction path having a starting point and an ending point, with the starting and ending points interconnected based on the merchant locations and the POS datasets, each transaction path representing a traveled geographical path of merchant locations for transactions conducted by an account holder and locations along path segments between the merchant locations; and evaluating, by the host computing system, the plurality of geographical transaction paths to identify common features of the transaction paths. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for evaluating transaction patterns of account holders in order to determine common points in paths traveled by account holders in a geographical area, comprising:
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an aggregating system that is configured to; receive POS datasets from a number of POS devices, wherein each POS dataset comprises at least a merchant identifier and an account identifier; and aggregate the POS datasets; a processing system that is configured to; evaluate the POS datasets to determine a merchant location for each of the transactions; generate a plurality of geographical transaction paths based on the merchant locations, each having a starting point and an ending point, with the starting and ending points interconnected based on the merchant locations and the POS datasets, each transaction path representing a traveled geographical path of merchant locations for transactions conducted by an account holder and locations along path segments between the merchant locations; and evaluate the plurality of transaction paths to identify common features of the transaction paths. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A system for determining common points in paths traveled by account holders in a geographical area, comprising:
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a processor; and a memory communicatively connected with and readable by the processor, the memory containing instructions that, when executed by the processor, cause the processor to evaluate transaction patterns, by; receiving and storing a plurality of POS datasets for a plurality of transactions conducted by account holders at a plurality of POS devices, wherein each POS dataset comprises at least a merchant identifier and an account identifier; evaluating the POS datasets to determine a merchant location for each of the transactions based on the merchant identifier; generating a plurality of transaction paths based on the merchant locations and the POS datasets, each transaction path having a starting point and an ending point, with the starting and ending points interconnected by merchant locations, and representing a traveled geographical path of merchant locations for transactions conducted by an account holder and locations along path segments between the merchant locations; and evaluating the plurality of transaction paths to identify common features of the transaction paths. - View Dependent Claims (16, 17, 18, 19)
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Specification