METHOD AND SYSTEM FOR ASSESSING FINANCIAL CONDITION OF A MERCHANT

摘要

A method and a system are provided for assessing the financial condition of a merchant. The method involves retrieving from one or more databases, a first set of information including merchant aggregated payment card transaction data for a defined time period, and retrieving from one or more databases a second set of information including social media information indicative of consumer sentiment of the merchant for the defined time period. The method further involves analyzing the first set of information and the second set of information to identify one or more correlations between the merchant aggregated payment card transaction data and the social media information indicative of consumer sentiment of the merchant, and assessing the financial condition of a merchant, based on the one or more correlations. A merchant is informed in a timely manner of any changes in their financial condition, thereby allowing the merchant to take remedial action.

主权项

1. A computer implemented method comprising:
retrieving a first set of information from one or more databases, the first set of information including merchant aggregated payment card transaction data for a defined time period; retrieving a second set of information from the one or more databases, the second set of information comprising social media information indicative of consumer sentiment of the merchant for the defined time period; analyzing the first set of information and the second set of information at a processor to identify one or more correlations between the merchant aggregated payment card transaction data and the social media information indicative of consumer sentiment of the merchant; and assessing the financial condition of a merchant based on the one or more correlations.