US Patent Application 18449500. SYSTEM, METHOD, AND NON-TRANSITORY COMPUTER-READABLE STORAGE MEDIA FOR RECOMMENDING MERCHANTS simplified abstract

SYSTEM, METHOD, AND NON-TRANSITORY COMPUTER-READABLE STORAGE MEDIA FOR RECOMMENDING MERCHANTS

Organization Name

Mastercard International Incorporated

Inventor(s)

Christopher J. Merz of Wildwood MO (US)

Walter Lo Faro of Chesterfield MO (US)

Adam K. Hosp of Lake Saint Louis MO (US)

Matthew Richard Stocke of Glendale MO (US)

Stephen P. Hendrix of Saint Charles MO (US)

Robert T. Grothe, Jr. of Kirkwood MO (US)

SYSTEM, METHOD, AND NON-TRANSITORY COMPUTER-READABLE STORAGE MEDIA FOR RECOMMENDING MERCHANTS - A simplified explanation of the abstract

This abstract first appeared for US patent application 18449500 titled 'SYSTEM, METHOD, AND NON-TRANSITORY COMPUTER-READABLE STORAGE MEDIA FOR RECOMMENDING MERCHANTS

Simplified Explanation

- The patent application describes a computer system that recommends merchants to cardholders. - The system receives transaction information from a payment network, including data on purchases made by cardholders at different merchants. - The system also takes into account the preferences of the cardholders for specific merchants. - It determines a rank for each merchant based on the transaction information and cardholder preferences. - Additionally, it determines a neutral rank for each merchant based on the transaction information and the preferences of all cardholders. - The system calculates a score for each merchant by comparing its rank to the neutral rank.

Original Abstract Submitted

A computer system for recommending merchants to a candidate cardholder is provided. The computer system includes a memory device and a processor. The processor receives transaction information for a plurality of cardholders from a payment network. The transaction information includes data relating to purchases made by the cardholders at a plurality of merchants, where the purchases satisfy a first criteria. The processor also receives candidate cardholder preference information for at least one of the merchants input by the candidate cardholder. The processor further determines a merchant rank for each merchant based on the received transaction information and the candidate cardholder preference information, and determines a neutral merchant rank for each merchant based on the received transaction information and neutral cardholder preferences of the plurality of cardholders. The processor also determines a merchant score for each of the plurality of merchants by comparing the merchant rank to the neutral merchant rank.