Market dynamics

• US 8,417,561 B2
• Filed: 09/24/2008
• Issued: 04/09/2013
• Est. Priority Date: 09/24/2008
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Ghosh, Debashis, Newman, Kurt, Joa, David, Bendel, Timothy J.
• Primary Examiner(s): Meinecke Diaz, Susanna M
• Application Number:
  US12/236,982
• Publication Number:
  US 20100076813A1
• Time in Patent Office: 1,658 Days
• Field of Search: 705/7.34
• US Class Current: 705/7.34
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration

Abstract

Embodiments of the invention relate to systems, methods, and computer program products for providing a market-dynamics network that assesses social and economic market dynamics in specific geographic regions. For example, the market-dynamics network collects transaction data from a large number of business-merchants across a large number of geographic locations and appends geographic-location identifiers to the collected transaction data. The market-dynamics network then aggregates transaction data in specific geographic regions and, based on the aggregated transaction data, assesses social and economic market dynamics in those geographic regions.

Claims

1. A computer-implemented method for assessing a geographic region, the method comprising:

collecting transaction data from a plurality of transactions involving a business-merchant and a consumer;

storing the transaction data in a transaction database;

determining, using a computer processing device, geographic-location identifiers configured to be appended to the transaction data based at least partially on a location information of the business-merchant and a home address information of the consumer involved in each of the plurality of transactions;

appending the geographic-location identifiers to each of the plurality of transactions of the transaction data in the transaction database, wherein each of the geographic-location identifiers is indicia separate from the collected transaction data;

indexing the transaction database by the geographic-location identifiers appended to the transaction data to thereby provide a transaction database searchable by the geographic-location identifiers;

providing the transaction database searchable by the geographic-location identifiers appended to the transaction data based at least partially on the indexing the transaction database;

providing a search tool associated with the transaction database, the search tool being useable by a user to search the transaction database for transaction data by the geographic-location identifiers appended to the transaction data;

receiving an instruction that defines the geographic region to be assessed;

obtaining from the transaction database transaction data appended with geographic-location identifiers that correspond to the geographic region;

determining, using a computer processing device, change in market dynamics relating to a change in credit risk of the geographic region based at least partially on the obtained transaction data appended with the geographic-location identifiers; and

generating, using a computer processing device, a predicted future change in market dynamics of the geographic region corresponding to the determined change in market dynamics based at least partially on the determined change in market dynamics and the obtained transaction data appended with the geographic-location identifiers.

2. The computer-implemented method of claim 1, wherein the geographic region is a plurality of user-defined geographic regions.

3. The computer-implemented method of claim 2, further comprising:

comparing the transaction data of the different user-defined geographic regions.

4. The computer-implemented method of claim 2, further comprising:

assigning the user-defined geographic regions to two or more peer groups.

5. The computer-implemented method of claim 4, further comprising:

generating a report illustrating how the user-defined geographic regions of one of the peer groups are changing relative to the user-defined geographic regions of another one of the peer groups.

6. The computer-implemented method of claim 1, further comprising:

generating a report that assesses the geographic region based on the transaction data obtained from the transaction database, wherein the report is a point-in-time report.

7. The computer-implemented method of claim 1, further comprising:

generating a report that assesses the geographic region based on the transaction data obtained from the transaction database, wherein the report is a trend-over-time report.

8. The computer-implemented method of claim 1, wherein the geographic-location identifier identifies the geographic location where the transaction occurred.

9. The computer-implemented method of claim 1, wherein the geographic-location identifier identifies the location of the business involved in the transaction.

10. The computer-implemented method of claim 1, wherein the geographic-location identifier identifies the address of the consumer.

11. The computer-implemented method of claim 1, wherein the transaction data is a plurality of credit- and debit-card transactions.

12. The computer-implemented method according to claim 1, further comprising:

generating a recommendation for a course of action corresponding to the predicted future change in market dynamics.

13. The computer-implemented method of claim 1, wherein the collecting comprises collecting at a plurality of point of sales and during a plurality of transactions involving businesses and consumers.

14. The computer-implemented method of claim 1, wherein the change in the market dynamics, alternatively, relates to at least one of a change in consumer population affluence, consumer population migration, change in volume of consumer transaction data, or change in market potential of the geographic area.

15. An apparatus for assessing the market dynamics of at least a geographic region, the apparatus comprising:

a transaction-processing system device configured to receive transaction data from a plurality of businesses located in a plurality of geographic locations, wherein the transaction data comprises a plurality of transactions involving a plurality of transaction involving, at least, one business and a consumer;

a transaction database for storing the transaction data received from the transaction-processing system;

a computer processor;

a geographic-identifier application, executed by said computer processor, wherein said geographic-identifier application;

determines geographic-location identifiers configured to be appended to the transaction data based at least partially on a location information of the one business and a home address information of the consumer involved in each of the plurality of transactions;

appends the geographic-location identifiers to each of the plurality of transactions of the transaction data in the transaction database, wherein the geographic-location identifier is indicia separate from the received transaction data;

wherein the computer processor is further configured to;

index the transaction database by the geographic-location identifiers appended to the transaction data to thereby provide a transaction database searchable by the geographic-location identifiers;

provide the transaction database searchable by the geographic-location identifiers appended to the transaction data based at least partially on the indexing the transaction database;

provide a search tool associated with the transaction database, the search tool being useable by a user to search the transaction database for transaction data by the geographic-location identifiers appended to the transaction data;

a geographic-region application, executed by said computer processor, wherein said geographic-region application defines the geographic region; and

a market-dynamics-assessment application, executed by said computer processor, wherein said market-dynamics-assessment application;

determines change in the market dynamics relating to a change in credit risk of the geographic region based, at least partially, on the transaction data having the appended geographic-identifiers that is associated with the geographic region as defined by the geographic-region application to thereby generate a determined change in market dynamics for the geographic region and

generates a predicted future change in the market dynamics of the geographic region corresponding to the determined change in market dynamics based, at least partially, on the determined change in market dynamics and the assessment of transaction data appended with geographic-location identifiers obtained from the transaction database.

16. The apparatus of claim 15, further comprising:

a peer-grouping application, executed by said computer processor, wherein said peer-grouping assigns the user-defined geographic regions into a peer group.

17. The apparatus of claim 15, further comprising:

a raw-data application, executed by said computer processor, wherein said raw-data application enables a user to directly access the transaction data.

18. A computer-implemented method, comprising:

receiving transaction data from a plurality of sources, wherein the transaction data comprises a plurality of transactions involving, at least, one business and a consumer;

storing the transaction data in a transaction database;

determining geographic-location identifiers configured to be appended to the transaction data based at least partially on a location of the business-merchant and a home address information of the consumer involved each of the plurality of transactions;

appending geographic-location identifiers to each of the plurality of transactions of the transaction data in the transaction database, wherein each the geographic-location identifiers is indicia separate from the received transaction data;

indexing the transaction database by the geographic-location identifiers appended to the transaction data to thereby provide a transaction database searchable by the geographic-location identifiers;

providing the transaction database searchable by the geographic-location identifiers appended to the transaction data based at least partially on the indexing the transaction database;

providing a search tool associated with the transaction database, the search tool being useable by a user to search the transaction database for transaction data by the geographic-location identifiers appended to the transaction data;

defining, using the search tool, a geographic region;

obtaining from the transaction database the transaction data appended with the geographic-location identifier that corresponds to the defined geographic region;

determining, using a processing device, change in market dynamics relating to a change in credit risk of the geographic region based on the obtained transaction data appended with the geographic-location identifiers; and

generating, using a processing device, a predicted future change in market dynamics of the geographic region corresponding to the determined change in market dynamics based, at least partially, on the determined change in market dynamics and the obtained transaction data appended with the geographic-location identifiers.

19. The computer-implemented method of claim 18, wherein the transaction data is a plurality of credit- and debit-card transactions received from a plurality of business-merchants.

20. The computer-implemented method of claim 18, wherein the geographic-location identifier identifies a location where the transaction occurred.

21. The computer-implemented method of claim 18, wherein the geographic-location identifier identifies a location of the business-merchant.

22. The computer-implemented method of claim 18, wherein the geographic-location identifier identifies an address of an account holder of the credit- or debit-card account.

23. The computer-implemented method of claim 18, wherein the geographic-region is a plurality of user-defined geographic regions.

24. The computer-implemented method of claim 23, further comprising:

generating a report that assesses the defined geographic region based on the transaction data obtained from the transaction database, wherein the report compares the transaction data of the different user-defined geographic regions.

25. The computer-implemented method of claim 24, further comprising:

assigning the user-defined geographic regions to two or more peer groups.

26. The computer-implemented method of claim 25, further comprising:

generating a report that assesses the defined geographic region based on the transaction data obtained from the transaction database, wherein the report illustrates how the user-defined geographic regions of one of the peer groups are changing relative to the user-defined geographic regions of another one of the peer groups.

27. A computer program product for assessing a geographic region, the computer program product comprising a non-transitory computer-readable medium, wherein the non-transitory computer-readable medium comprises one or more computer-executable code portions that, when executed by a computer, cause the computer to:

collect transaction data from a plurality of transactions involving a business-merchant and a consumer;

store the transaction data in a transaction database;

determine geographic-location identifiers configured to be appended to the transaction data based at least partially on a location of the business-merchant and a home address information of the consumer involved each of the plurality of transactions;

append geographic-location identifiers to each of the plurality of transactions in the transaction data in the transaction database, wherein each of the geographic-location identifiers is indicia separate from the collected transaction data;

index the transaction database by the geographic-location identifiers appended to the transaction data to thereby provide a transaction database searchable by the geographic-location identifiers;

provide the transaction database searchable by the geographic-location identifiers appended to the transaction data based at least partially on the indexing the transaction database;

provide a search tool associated with the transaction database, the search tool being useable by a user to search the transaction database for transaction data by the geographic-location identifiers appended to the transaction data;

define the geographic region to be assessed;

obtain from the database the transaction data and the geographic-location identifiers that correspond to the defined geographic region;

assess the obtained transaction data appended with the geographic-location identifiers;

determine change in market dynamics relating to a change in credit risk of the geographic region based at least partially on the obtained transaction data appended with the geographic-location identifiers to thereby generate a determined change in market dynamics for the geographic region; and

generate a predicted future change in market dynamics of the geographic region corresponding to the determined change in market dynamics based, at least partially, on the obtained transaction data appended with the geographic-location identifiers.

28. The computer program product of claim 27, wherein the geographic region is a plurality of user-defined geographic regions.

29. The computer program product of claim 28, further configured to cause the computer to:

generate a report that assesses the geographic region based on transaction data obtained from the transaction database, wherein the report compares the transaction data of the user-defined geographic regions.

30. The computer program product of claim 28, further configured to cause the computer to:

assign the user-defined geographic regions to two or more peer groups.

31. The computer program product of claim 30, further configured to cause the computer to:

generate a report that assesses the geographic region based on transaction data obtained from the transaction database, wherein the report illustrates how the geographic regions of one of the peer groups are changing relative to the geographic regions of another one of the peer groups.

32. A system for assessing a geographic region, the system comprising:

a computer processing device configured to;

receive transaction data from a plurality of sources, wherein the transaction data comprises a plurality of transactions involving, at least, one business and a consumer;

store the transaction data in a transaction database;

determine geographic-location identifiers configured to be appended to the transaction data based at least partially on a location of the business-merchant and a home address information of the consumer involved each of the plurality of transactions;

append the geographic-location identifiers to each of the plurality of transactions of the transaction data in the transaction database, wherein each the geographic-location identifiers is indicia separate from the received transaction data;

index a transaction database by the geographic-location identifiers appended to the transaction data to thereby provide a transaction database searchable by the geographic-location identifiers;

provide the transaction database searchable by the geographic-location identifiers appended to the transaction data based at least partially on the indexing the transaction database;

provide a search tool associated with the transaction database, the search tool being useable by a user to search the transaction database for transaction data by the geographic-location identifiers appended to the transaction data;

receive a set of instructions that defines the geographic region to be assessed,

identify transaction data that comprises geographic-location identifiers that correspond to the geographic region as defined by the set of instructions;

determine change in market dynamics relating to a change in a credit risk of the geographic region based on the identified transaction data appended with the geographic-location identifiers; and

generate a corresponding and predicted future change in market dynamics of the geographic region based, at least partially, on the identified transaction data appended with the geographic-location identifiers and determined change in market dynamics corresponding to the geographic region.

33. The system of claim 32, wherein the transaction data is a plurality of credit- and debit-card transactions and the sources are business-merchants.

34. The system of claim 32, wherein the geographic region is a plurality of user-defined geographic regions.

35. The system of claim 34, wherein the report compares the transaction data of the user-defined geographic regions.

36. The system of claim 34, wherein the computer processing device is further configured to assign the user-defined geographic regions to two or more peer groups.

37. The system of claim 36, further comprising generating a report that assesses the geographic region based on transaction data obtained from the transaction database, wherein the report illustrates how the geographic regions of one of the peer groups are changing relative to the geographic regions of another one of the peer groups.