SYSTEMS AND METHODS FOR RECOMMENDING COMPETITOR SETS

摘要

A computer system for recommending potential competitor merchants to a subscriber merchant and/or a market analyst is provided. The computer system includes a memory device in communication with a processor. The processor is programmed to receive 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. The processor may receive subscriber merchant preference information for at least one of the merchants input by the cardholder. The computer system determines a merchant rank for each merchant based on the received transaction information and/or the subscriber merchant preference information, and determines a neutral merchant rank and a merchant score for each merchant. After ranking, a ranked list of potential competitor merchants is generated for presentation to a subscriber merchant and/or a market analyst for further analysis.

主权项

1. A competitor identifier computer system for developing a set of merchants that are competitors to a subscriber merchant for presentation to a market analyst, said system comprising:
a memory device for storing data; and a processor in communication with the memory device, said processor programmed to:
receive payment card transaction information for payment cardholders from the payment network, the payment card transaction information including data relating to a plurality of purchases made by the plurality of cardholders at a plurality of different merchants, the purchases satisfying a first criterion;receive merchant rating information;receive merchant descriptive information;determine location information of each of the plurality of different merchants relative to at least one of a predetermined selectable location and a location of a subscriber merchant;determine a set of competitor merchants from the plurality of different merchants using the received payment card transaction information, the received merchant rating information, the received merchant descriptive information, and the determined location information; anddisplay the set of competitor merchants to at least one of the subscriber merchant and a market analyst.