System and method for targeting family members of transaction account product holders to receive supplementary transaction account products
First Claim
1. A method comprising:
- identifying, by a computer-based system for targeting marketing, a potential converter to an upgraded transaction account product based on spend records of a plurality of converted transaction account holders having a pattern of spending at a merchant, wherein the plurality of converted transaction account holders have the pattern of spending at the merchant that is indicative of a change in lifestyle;
targeting, by the computer-based system, marketing about the upgraded transaction account product to the potential converter in response to the identifying;
matching, by the computer-based system, a last name of the converted transaction account holder to a last name of an individual in transaction information associated with the upgraded transaction account;
determining, by the computer-based system, that the individual is a family member of the converted transaction account holder and that a transaction in the transaction information is associated with the individual; and
targeting, by the computer-based system, marketing about a supplementary transaction account product to the converted transaction account holder, in response to the determining that the transaction is associated with the individual and that the individual is a family member.
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Accused Products
Abstract
Utilization of information in a closed loop data system further augments modeling while at the same time enabling customization of offers based on spend patterns. Data mining techniques are leveraged to identify rules to determine higher response rate populations. These rules are referred to herein as “triggers,” in that the presence of particular attributes will trigger a cardholder as being more likely to respond to a particular offer. The benefit yielded by this approach is a greater acceptance rate to an offer provided by a transactional account company. To identify the triggers, records of cardmembers who already utilize a given product are analyzed to determine their spend patterns. The spend histories of customers who are eligible to use the product are analyzed according to the identified triggers. Customers whose spend patterns most closely correspond to the triggers are then targeted with offers for the given product.
124 Citations
19 Claims
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1. A method comprising:
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identifying, by a computer-based system for targeting marketing, a potential converter to an upgraded transaction account product based on spend records of a plurality of converted transaction account holders having a pattern of spending at a merchant, wherein the plurality of converted transaction account holders have the pattern of spending at the merchant that is indicative of a change in lifestyle; targeting, by the computer-based system, marketing about the upgraded transaction account product to the potential converter in response to the identifying; matching, by the computer-based system, a last name of the converted transaction account holder to a last name of an individual in transaction information associated with the upgraded transaction account; determining, by the computer-based system, that the individual is a family member of the converted transaction account holder and that a transaction in the transaction information is associated with the individual; and targeting, by the computer-based system, marketing about a supplementary transaction account product to the converted transaction account holder, in response to the determining that the transaction is associated with the individual and that the individual is a family member. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computer-based system for targeted marketing, cause the computer-based system to perform operations comprising:
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identifying, by a computer-based system for targeting marketing, a potential converter to an upgraded transaction account product based on spend records of a plurality of converted transaction account holders having a pattern of spending at a merchant, wherein the plurality of converted transaction account holders have the pattern of spending at the merchant that is indicative of a change in lifestyle; targeting, by the computer-based system, marketing about the upgraded transaction account product to the potential converter in response to the identifying; matching, by the computer-based system, a last name of the converted transaction account holder to a last name of an individual in transaction information associated with the upgraded transaction account; determining, by the computer-based system, that the individual is a family member of the converted transaction account holder and that a transaction in the transaction information is associated with the individual; and targeting, by the computer-based system, marketing about a supplementary transaction account product to the converted transaction account holder, in response to the determining that the transaction is associated with the individual and that the individual is a family member. - View Dependent Claims (16, 17, 18)
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19. A system comprising:
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a tangible, non-transitory memory communicating with a processor for targeted marketing, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; identifying, by the processor, a potential converter to an upgraded transaction account product based on spend records of a plurality of converted transaction account holders having a pattern of spending at a merchant, wherein the plurality of converted transaction account holders have the pattern of spending at the merchant that is indicative of a change in lifestyle; targeting, by the processor, marketing about the upgraded transaction account product to the potential converter in response to the identifying; matching, by the processor, a last name of the converted transaction account holder to a last name of an individual in transaction information associated with the upgraded transaction account; determining, by the processor, that the individual is a family member of the converted transaction account holder and that a transaction in the transaction information is associated with the individual; and targeting, by the processor, marketing about a supplementary transaction account product to the converted transaction account holder, in response to the determining that the transaction is associated with the individual and that the individual is a family member.
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Specification