Patent ID: 9697531
Date: 2017-07-04
CPC Classifications: G06Q

Claim:
1. A method comprising: receiving, at a payment processing system, from one or more merchant devices located at a physical store, price information, and sales information of a merchandise item sold at the physical store, the sales information including a quantity of the merchandise item being sold over a time period at the physical store; determining, at the payment processing system, based on the sales information, that a sales variance occurs in a time slot within the time period, the sales variance including a dip or spike in the quantity of the merchandise item being sold in the time slot, the dip or spike being a deviation from a statistical average that exceeds a threshold amount; in response to determining the sales variance occurs in the time slot within the time period, predicting, at the payment processing system, based on the price information, that increasing or decreasing a price of the merchandise item to an adjusted price in the time slot will cause the quantity of the merchandise item being sold at the physical store in the time slot to change by a delta quantity value that at least partially offsets the sales variance; adjusting, by the payment processing system, via the one or more merchant devices associated with the physical store, the price of the merchandise item to the adjusted price for a duration of the time slot; receiving, at the payment processing system, a first indication of sales of the merchandise item at the adjusted price during the duration of the time slot; determining, at the payment processing system, whether a change in a quantity of the merchandise item sold during the duration of the time slot corresponds to the predicted delta quantity value; and providing, by the payment processing system, to at least one device of the one or more merchant devices, a second indication of whether the change in quantity corresponds to the predicted delta quantity value, the second indication for display on a display device, wherein the method is performed by one or more computing devices at the payment processing system, and wherein the one or more merchant devices are programmed to: