Methods and systems for predicting business behavior from profiling consumer card transactions
First Claim
1. A method for identifying a consumer conducting business transactions using a non-business payment card account by analysis of payment card transaction data, the method comprising:
- receiving a transaction data file from a transaction data warehouse, said data file including consumer payment card transaction data records reflecting payment transactions using said non-business payment card account;
retrieving a business behavior predictor model from a model data warehouse, said business behavior predictor model containing logic for identifying business spending using a non-business payment card account, said logic based on at least one transaction characteristic for purchases associated with one or more merchant category indicators;
and processing said transaction data file with a computer programmed in accordance with said logic to generate at least one consumer profile score associated with said consumer;
wherein said consumer profile score is indicative of a likelihood that said consumer is conducting business transactions with said non-business payment card account.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method are provided for predicting small business behavior by analysis of consumer payment card transaction data. Transaction and amount velocity analysis of industry categories and/or real-time transaction-based profiling is employed to identify those consumer payment card accounts that are being inappropriately used to make small business purchases. A small business behavior predictor model is used to score transaction data and update cardholder profiles according to the likelihood that the transaction data represents small business activity.
67 Citations
11 Claims
-
1. A method for identifying a consumer conducting business transactions using a non-business payment card account by analysis of payment card transaction data, the method comprising:
-
receiving a transaction data file from a transaction data warehouse, said data file including consumer payment card transaction data records reflecting payment transactions using said non-business payment card account; retrieving a business behavior predictor model from a model data warehouse, said business behavior predictor model containing logic for identifying business spending using a non-business payment card account, said logic based on at least one transaction characteristic for purchases associated with one or more merchant category indicators; and processing said transaction data file with a computer programmed in accordance with said logic to generate at least one consumer profile score associated with said consumer;
wherein said consumer profile score is indicative of a likelihood that said consumer is conducting business transactions with said non-business payment card account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
Specification