Systems and methods of location based merchant recommendations

US10163147B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Edward Lee · Scarsdale, US
• Tong Zhang · Zhejiang, CN
• Qian Wang · San Jose, US

Key dates

• Filing date: Dec 11, 2015
• Grant date: Dec 25, 2018
• Expiry date: Jan 31, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0631
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for generating a list of recommended merchants based on an input merchant is provided. The method uses a recommender computing device. The method includes receiving an input merchant identifier, retrieving a first electronic data signal based on the input merchant identifier including historical transaction data of the input merchant including historical payment transactions initiated by candidate cardholders with the input merchant, and storing a list of the candidate cardholders. The method further includes retrieving a second electronic data signal that includes historical transaction data for at least some of the candidate cardholders included in the list of candidate cardholders and a candidate merchant identifier that identifies the candidate merchants, generating a list of candidate merchants from the second data signal including a ranking of the candidate merchants, and generating a list of recommended merchants based on the list of candidate merchants.