Patent ID: 9542688
Date: 2017-01-10
CPC Classifications: G06Q

Claim:
1. A method for identifying business service recommendations for targeted merchants, comprising: storing, in a merchant database, a plurality of merchant profiles, wherein each merchant profile includes data related to a merchant including at least a merchant identifier and a plurality of transaction data entries, each transaction data entry including data related to a payment transaction; receiving, by a receiving device, a data file including a plurality of merchant data entries, wherein each merchant data entry includes data related to a merchant including at least a merchant identifier and a plurality of firmographics; identifying, by a processing device, a specific merchant data entry of the plurality of merchant data entries where the included merchant identifier corresponds to a merchant identifier included in a specific merchant profile stored in the merchant database; calculating, by the processing device, one or more transactions scores for the merchant related to the specific merchant data entry based on at least the data included in one or more transaction data entries included in the specific merchant profile; identifying, by the processing device, a related merchant data entry of the plurality of merchant data entries where the included plurality of firmographics correspond to the plurality of firmographics included in the identified specific merchant data entry and where the included merchant identifier is not included in a merchant profile stored in the merchant database; and identifying, by the processing device, one or more business service recommendations to adopt one or more business services for the merchant related to the identified related merchant data entry based on at least the calculated one or more transaction scores and the plurality of firmographics included in the identified related merchant data entry.