Merchant Benchmarking Tool
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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N/A
Issued Date -
Oct 17, 2013
app pub date -
Mar 15, 2013
filing date -
Aug 14, 2007
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A benchmarking tool accesses a database comprising a plurality of transaction records, each of the records comprising transaction data on a purchase transaction. A first subset of the transaction records is determined that occur within a predetermined time period and are associated with a first merchant. A second subset of the transaction records is determined that occur within the predetermined time period and are associated with a merchant peer group. The first subset of transaction records are processed to determine a first metric for the first merchant. The second subset of transaction records are processed to determine a second metric for the merchant peer group. The first metric is compared to the second metric to indicate performance of the first merchant relative to performance of the merchant peer group.
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