System and method for evaluating transaction patterns
First Claim
Patent Images
1. A system for determining common points in paths travel by account holders in a geographical area, comprising:
- a plurality of point of sale (POS) devices at a plurality of merchant locations;
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 transaction data from the plurality of POS devices, the transaction data being associated with a plurality of transactions conducted by account holders;
evaluating the transaction data for each of the plurality of transactions to determine a merchant location of a merchant associated with each of the plurality of transactions;
generating a plurality of transaction paths based on the merchant locations and the transaction data, each transaction path having a plurality of location points, wherein each of the location points represents one or more of a starting point, an ending point, or a merchant location, wherein;
each of the transaction paths comprises path segments that extend between each of the location points;
each of the path segments is determined based on a primary automobile route between adjacent location points of each respective transaction path; and
each of the plurality of transaction paths represents a traveled geographical path of merchant locations for transactions conducted by an account holder; and
evaluating each of the plurality of transaction paths to identify common path features of the plurality of 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.
71 Citations
20 Claims
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1. A system for determining common points in paths travel by account holders in a geographical area, comprising:
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a plurality of point of sale (POS) devices at a plurality of merchant locations; 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 transaction data from the plurality of POS devices, the transaction data being associated with a plurality of transactions conducted by account holders; evaluating the transaction data for each of the plurality of transactions to determine a merchant location of a merchant associated with each of the plurality of transactions; generating a plurality of transaction paths based on the merchant locations and the transaction data, each transaction path having a plurality of location points, wherein each of the location points represents one or more of a starting point, an ending point, or a merchant location, wherein; each of the transaction paths comprises path segments that extend between each of the location points; each of the path segments is determined based on a primary automobile route between adjacent location points of each respective transaction path; and each of the plurality of transaction paths represents a traveled geographical path of merchant locations for transactions conducted by an account holder; and evaluating each of the plurality of transaction paths to identify common path features of the plurality of transaction paths. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for determining common points in paths travel by account holders in a geographical area, comprising:
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receiving transaction data from the plurality of POS devices, the transaction data being associated with a plurality of transactions conducted by account holders; evaluating the transaction data for each of the plurality of transactions to determine a merchant location of a merchant associated with each of the plurality of transactions; generating a plurality of transaction paths based on the merchant locations and the transaction data, each transaction path having a plurality of location points, wherein each of the location points represents one or more of a starting point, an ending point, or a merchant location, wherein; each of the transaction paths comprises path segments that extend between each of the location points; each of the path segments is determined based on a primary automobile route between adjacent location points of each respective transaction path; and each of the plurality of transaction paths represents a traveled geographical path of merchant locations for transactions conducted by an account holder; and evaluating each of the plurality of transaction paths to identify common path features of the plurality of transaction paths. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory computer-readable medium having stored thereon a series of instructions which, when executed by a processor, cause the processor to:
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receive transaction data from the plurality of POS devices, the transaction data being associated with a plurality of transactions conducted by account holders; evaluate the transaction data for each of the plurality of transactions to determine a merchant location of a merchant associated with each of the plurality of transactions; generate a plurality of transaction paths based on the merchant locations and the transaction data, each transaction path having a plurality of location points, wherein each of the location points represents one or more of a starting point, an ending point, or a merchant location, wherein; each of the transaction paths comprises path segments that extend between each of the location points; each of the path segments is determined based on a primary automobile route between adjacent location points of each respective transaction path; and each of the plurality of transaction paths represents a traveled geographical path of merchant locations for transactions conducted by an account holder; and evaluate each of the plurality of transaction paths to identify common path features of the plurality of transaction paths. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification