TRANSACTION LOCATION ANALYTICS SYSTEMS AND METHODS

Patent №

US 8,306,846

Granted

2012-11-06

Filed 2011

Owner

FIRST DATA CORPORATION

Lab

AI components

3

nlp · kr · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

13314988

One embodiment provides a method for evaluating transaction data to determine point of location usage. This could be, for example, to determine where customers are mostly likely to shop before or after shopping at a given merchant. For instance, the method could show the percentage of customers that shop at certain types of stores during a time period right before or after shopping at the merchant's location. As another example, the method could be used to determine when a merchant's customer makes a purchase at the merchant's store, then makes a purchase at a competing merchant's store within a specified time.

AI classification

AI hardware0.98
Natural language0.95
Knowledge representation0.73
Planning0.01
Vision0.00
Machine learning0.00
Evolutionary computation0.00
Speech0.00

Ownership

FIRST DATA CORPORATION

assignment · 274360695

Assignors

TAVARES, SILVIO, FAHY, SUSAN, CARLSON, DENNIS

On an employer assignment, the assignors are typically the inventors.

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