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Methods and systems for estimating visitor traffic at a real property location

  • US 10,586,240 B2
  • Filed: 10/22/2014
  • Issued: 03/10/2020
  • Est. Priority Date: 10/22/2014
  • Status: Active Grant
First Claim
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1. A computer-implemented method for estimating visitor traffic at a real property location comprising a plurality of merchant stores, based on interrogation signal data associated with a plurality of mobile devices, the method comprising:

  • receiving, by one or more processors, a real property location;

    defining a geographic region that includes the real property location;

    receiving, by the one or more processors, interrogation signal data for a group of mobile devices included within the plurality of mobile devices, the interrogation signal data emitted from the plurality of mobile devices and configured to locate available networks, and the group of mobile devices being located in the geographic region during a selected period of time;

    determining a location of each of the mobile devices included within the group of mobile devices over the selected period of time based on the received interrogation signal data;

    estimating visitor traffic for the real property location over the selected period of time based on the location of each of the mobile devices included within the group of mobile devices;

    retrieving a plurality of payment transaction data including merchant identifiers associated with the real property location over the selected period of time, wherein the plurality of payment transaction data are extracted from messages submitted over a transaction card interchange network, and wherein the messages are formatted in proprietary communications standards;

    estimating consumer traffic for the real property location over the selected period of time based on the plurality of payment transaction data; and

    rating a value of each of the plurality of merchant stores based on their proximity to the determined location of each of the mobile devices over the selected period of time and a ratio between the estimated visitor traffic and the estimated consumer traffic over the selected period of time.

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