SYSTEM AND METHOD FOR DETERMINING MERCHANT REVENUE USING TRANSACTION DATA AND GEOTEMPORAL DATA
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United States of America Patent
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Issued Date -
Nov 10, 2016
app pub date -
May 8, 2015
filing date -
May 8, 2015
priority date (Note) -
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Abstract
A computer-implemented method for determining merchant revenue using transaction data and geotemporal data is provided. The method includes receiving a revenue report request message generated by a requesting party, the revenue report request message including a merchant identifier and a report period. The method also includes receiving transaction data for the merchant associated with the merchant location from a payment processing network and receiving geotemporal data for a geographic region including the merchant location. The method further includes analyzing the geotemporal data to determine a number of visitors located at the merchant location during the report period. The method still further includes calculating a revenue share using the transaction data and the number of visitors, and providing a revenue report to the requesting party, the revenue report including the revenue share.
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