Merchant benchmarking tool
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United States of America Patent
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Jul 15, 2014
Grant Date -
Feb 19, 2009
app pub date -
Aug 14, 2008
filing date -
Aug 14, 2007
priority date (Note) -
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status (Latency Note)
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Abstract
A benchmarking tool generates reports for delivery to a merchant illustrating a performance of the merchant as compared to the performance of the merchant's peers. The performance is illustrated through metrics that algorithmically combine data on transactions of consumers with the merchant or its peers, respectively. The metrics may be further subdivided into consumer groups such as new consumers, consumers that have shopped within the merchant in the past, consumers that no longer shop within the merchant, or consumers that use a commercial account to pay for purchases. The reports may be rendered in a graphical display for use by the merchant.
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