Systems And Methods For Aggregating And Utilizing Retail Transaction Records At The Customer Level
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Accused Products
Abstract
A method and system is provided for storing and manipulating customer purchase information received from a plurality of sources. A computer system may be used comprising a storage device for storing the customer purchase information and a processor for processing the customer purchase information. The method may include receiving the customer purchase information; organizing the customer purchase information within a predetermined organizational structure; creating a customer preference based at least in part on the customer purchase information; and aggregating customer purchases for merchant classes based on the customer purchase information so as to generate aggregated customer purchase information. The method may further include generating marketing information based on at least one of the customer preference and the aggregated customer purchase information.
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Citations
45 Claims
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1-24. -24. (canceled)
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25. A method for modeling consumer behavior to estimate consumer spend, comprising:
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receiving individual and aggregated consumer data including consumer bureau data, purchase data and existing customer data; analyzing the individual and aggregated consumer data to determine spending behavior for at least one category of consumers; generating a model of consumer spending patterns for the at least one category based on said analyzing; and validating the model using consumer data. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39)
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40. A method for estimating a purchasing ability of a consumer, comprising:
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receiving purchase data for a plurality of accounts of an individual consumer for a previous period of time; identifying balance changes of the at least one of the plurality of accounts, based on the purchase data; providing a discount effect based on the number of accounts of a customer; and estimating a purchasing ability of the individual consumer based on the purchase data, said discount effect and a model of consumer spending derived from individual and aggregate consumer data including purchase data, existing customer data and bureau data.
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41. A system, maintained by a business, for modeling consumer behavior to estimate consumer spend, the system comprising:
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a communication portion, maintained by the business, that inputs both individual and aggregated consumer data including consumer bureau data, purchase data and existing customer data; a processing portion, maintained by the business, that analyses the individual and aggregated consumer data to determine spending behavior for at least one category of consumers; the processing portion generating a model of consumer spending patterns for the at least one category based on said analyzing; and the processing portion validating the model using consumer data. - View Dependent Claims (42, 43, 44)
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45. A method for modeling consumer behavior to estimate consumer spend, comprising:
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receiving individual and aggregated consumer data including consumer bureau data, purchase data and existing customer data; analyzing the individual and aggregated consumer data to determine spending behavior for at least one category of consumers; generating a model of consumer spending patterns for the at least one category based on said analyzing; and validating the model using consumer data; the method further comprising refining the model based on additional consumer data; and the method including; receiving purchase data for a plurality of accounts of an individual consumer over a previous period of time; identifying balance data of the plurality of accounts, based on the purchase data; determining spending behavior for any of the plurality of accounts for any portion of the previous period of time in which a balance transfer to such account is identified; and estimating purchase information of the individual consumer based on the purchase data, spending behavior and the model; and the generating a model further comprising; determining at least two categories of customers based on the aggregated customer data, the at least two categories of customers relating to preferences of the customers; and assigning one of the first and second categories to the individual customer based on the purchase data; the method further comprising changing handling of a credit account of the individual consumer based on said estimating, the changing the handling further comprising; targeting customers based on distinguishing preferences; and providing a discount effect based on the number of accounts of a customer; and the method further comprising validating the model using data from existing consumers.
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Specification