Method and system for estimating a price of a trip based on transaction data

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United States of America Patent

PATENT NO 9454768
APP PUB NO 20160148234A1
SERIAL NO

14554810

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Abstract

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A computer-implemented method for estimating a price of a candidate trip based on transaction data is provided. The method includes generating a profile associated with a first cardholder, based at least in part on stored first transaction data associated with one or more purchases made by the first cardholder through a payment network. The profile indicates a spending trend of the first cardholder. The method additionally includes determining a price paid by at least a second cardholder for a reference trip, based at least in part on second transaction data stored in one or more memory devices. The second transaction data is associated with purchases made by the second cardholder through the payment network during the reference trip. Additionally, the method includes determining an estimated price for the candidate trip for the first cardholder by adjusting the price paid based at least in part on the spending trend of the first cardholder.

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Patent Owner(s)

  • MASTERCARD INTERNATIONAL INCORPORATED

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Chavarria, Pedro Hampton Bays, US 11 29
Perez, Kristofer New York, US 14 197

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