METHOD AND SYSTEM FOR LEVERAGING TRANSACTION DATA TO FACILITATE MERCHANT OPERATIONS
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United States of America Patent
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Issued Date -
Jun 4, 2015
app pub date -
Dec 4, 2013
filing date -
Dec 4, 2013
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Abstract
A method and system for facilitating merchant operations is provided. The method includes receiving payment transaction data associated with a plurality of payment transactions. The payment transaction data includes timestamp data indicative of a time of each payment transaction. The method also includes determining a transaction count for each of a plurality of time periods of interest based on the timestamp data. Each transaction count indicates the number of transactions performed with a merchant during the respective time period of interest. The method also includes generating a transaction matrix for the merchant. The transaction matrix includes a plurality of cells, and each cell is associated with a respective time period of interest. The method also includes populating each cell of the transaction matrix with the transaction count associated with the time period of interest of the cell, and transmitting at least a portion of the transaction matrix to the merchant.
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