SYSTEM AND METHOD FOR DETERMINING SERVICE INTERVALS BASED ON TRANSACTION DATA
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United States of America Patent
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Issued Date -
Nov 19, 2015
app pub date -
May 13, 2014
filing date -
May 13, 2014
priority date (Note) -
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Abstract
A system for determining service intervals of a serviceable property based on payment card transaction data. A data storage device contains payment card transaction data of a plurality customers and merchants. A processor is configured to identify purchasers of a serviceable property based on processing payment card transaction data including statistical analysis of the payment card transaction data to identify relationships between different payment card transactions representing a correlation of a given property of a purchaser with a particular service linked to the property. Characteristic traits and service frequencies are determined for purchasers of the serviceable property. A particular serviceable property is selected from the payment card transaction data, and the determined profile data is applied, along with selected data characteristics of a given service, to obtain data representative of an updated service interval for a given service associated with the serviceable property.
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