Method, System, and Computer Program Product for Spend Mapping Tool

• US 20080140503A1
• Filed: 12/08/2006
• Published: 06/12/2008
• Est. Priority Date: 12/08/2006
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Bouvard, Guillaume J., Lyon, Charles C., Zeltzer, Joseph M., Berwitz, Joshua M., Ruterman, Jon K.
• Granted Patent: US 8,694,368 B2
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06K 19/07749 the record carrier being capable of non-contact communication, e.g. constructional details of the antenna of a non-contact smart card
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0204 Market segmentation
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration
• CPC Class Codes: G06Q 30/0255 based on user history
• CPC Class Codes: G06Q 30/0271 Personalized advertisement
• CPC Class Codes: G06Q 30/0276 Advertisement creation
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A spend mapping tool provides a system, method, and computer program product for analyzing transactions between merchants and cardmembers. The tool groups a merchant by industry in a merchant industry group. The tool also groups a cardmember by industry in a cardmember industry group. Further, the tool analyzes transaction data from a transaction between at least one merchant in said merchant industry group and at least one cardmember in said cardmember industry group.

Claims

1. A method for analyzing transactions between merchants and cardmembers, comprising:

grouping a merchant by industry in a merchant industry group;

grouping a cardmember by industry in a cardmember industry group; and

analyzing transaction data from a transaction between at least one merchant in said merchant industry group and at least one cardmember in said cardmember industry group.

2. The method of claim 1, wherein at least one of said grouping of said merchant and said grouping of said cardmember is by a standard industry classification (SIC) code.

3. The method of claim 1, wherein said analyzing includes at least one of:

determining a number of transactions;

determining a transaction amount;

determining a number of cardmember accounts;

determining a number of merchant accounts;

filtering by geography;

filtering by card product;

filtering by merchant account tenure;

filtering by cardmember account tenure;

filtering to segment a market;

listing said merchant by said merchant industry group;

listing said cardmember by said cardmember industry group; and

determining a trend in transaction data over time.

4. The method of claim 1, wherein said transaction data includes at least one of:

a transaction amount;

a number of transactions per merchant;

a number of transactions per cardmember;

a merchant geographical location;

a cardmember geographical location,

a merchant tenure; and

a cardmember tenure.

5. The method of claim 1, further including at least one of:

developing an industry strategy based on said analyzing step; and

targeting an advertisement to at least one of said merchants and said cardmembers based on said analyzing step.

6. The method of claim 1, further including evaluating an advertisement to at least one of said merchants and said cardmembers based on said analyzing step.

7. The method of claim 1, further including determining a transaction risk based on said analyzing step.

8. A system for analyzing transactions between merchants and cardmembers, comprising:

a processor; and

a memory in communication with said processor, the memory for storing a plurality of processing instructions for directing said processor to;

group a merchant by industry in a merchant industry group;

group a cardmember by industry in a cardmember industry group; and

analyze transaction data from a transaction between at least one merchant in said merchant industry group and at least one cardmember in said cardmember industry group.

9. The system of claim 8, wherein at least one of said grouping of said merchant and said grouping of said cardmember is by a standard industry classification (SIC) code.

10. The system of claim 8, wherein said processing instructions for directing said processor to analyze transaction data include an instruction for causing said processor to perform at least one of:

determining a number of transactions;

determining a transaction amount;

determining a number of cardmember accounts;

determining a number of merchant accounts;

filtering by geography;

filtering by card product;

filtering by merchant account tenure;

filtering by cardmember account tenure;

filtering to segment a market;

listing said merchant by said merchant industry group;

listing said cardmember by said cardmember industry group; and

determining a trend in transaction data over time.

11. The system of claim 8, wherein said transaction data includes at least one of:

a transaction amount;

a number of transactions per merchant;

a number of transactions per cardmember;

a merchant geographical location;

a cardmember geographical location,

a merchant tenure; and

a cardmember tenure.

12. The system of claim 8, further comprising processing instructions for directing said processor to perform at least one of:

developing an industry strategy based on said analyzing step; and

targeting an advertisement to at least one of said merchants and said cardmembers based on said analyzing step.

13. The system of claim 8, further comprising processing instructions for directing said processor to evaluate an advertisement to at least one of said merchants and said cardmembers based on said transaction data analysis.

14. The system of claim 8, further comprising processing instructions for directing said processor to determine a transaction risk based on said transaction data analysis.

15. A computer program product comprising a computer usable medium having control logic stored therein for causing a computer to analyze transactions between merchants and cardmembers, said control logic comprising:

first computer readable program code means for causing the computer to group a merchant by industry in a merchant industry group;

second computer readable program code means for causing the computer to group cardmember by industry in a cardmember industry group;

third computer readable program code means for causing the computer to analyze transaction data from a transaction between at least one merchant in said merchant industry group and at least one cardmember in said cardmember industry group.

16. The computer program product of claim 15, wherein at least one of said grouping of said merchant and said grouping of said cardmember is by a standard industry classification (SIC) code.

17. The computer program product of claim 15, wherein said third computer program means includes computer program code means for causing the computer to perform at least one of:

determining a number of transactions;

determining a transaction amount;

determining a number of cardmember accounts;

determining a number of merchant accounts;

filtering by geography;

filtering by card product;

filtering by merchant account tenure;

filtering by cardmember account tenure;

filtering to segment a market;

listing said merchant by said merchant industry group;

listing said cardmember by said cardmember industry group; and

determining a trend in transaction data over time.

18. The computer program product of claim 15, wherein said transaction data includes at least one of:

a transaction amount;

a number of transactions per merchant;

a number of transactions per cardmember;

a merchant geographical location;

a cardmember geographical location,

a merchant tenure; and

a cardmember tenure.

19. The computer program product of claim 15, further comprising a fourth computer readable program code means for causing the computer to identify at least one of:

an industry strategy based on said analyzing; and

a target advertising market based on said analyzing.

20. The computer program product of claim 15, further comprising:

fourth computer readable program code means for causing the computer to determine a transaction risk based on said analyzing step.