Patent ID: 8655726
Filing Date: 2014-02-18
Classification: G06Q

Abstract:
1. A computer program product for providing a process for deriving a consumer's shopping habits comprising: a nontransitory computer readable medium; and computer program code, encoded on the computer readable medium, comprising computer readable instructions for: obtaining consumer's financial transaction data from a bank and at least one other financial institution, the consumer's financial transaction data representing purchases made by the consumer, the consumer's financial transaction data representing one or more payments made by the consumer to each of two or more consumer payees from two or more payment sources and comprising at least the time and date of the payments made by the consumer to the payees; obtaining consumer's payees geographical location data from the consumer's financial transaction data, the consumer's payees geographical location data representing the geographical location of two or more payees of the two or more consumer payees; creating a derived geographical shopping area for the consumer from the consumer's payees geographical location data comprising at least time or date and visit frequency information of the consumer, the derived geographical shopping area being a geographical area that includes a predefined percentage of the consumer's payees, based on the obtained consumer's payees' geographical location; creating a model of the consumer's shopping habits, the model comprising at least time or date and visit frequency information of the consumer; and determining, by a retail seller of a product or service, at least one of optimum hours of operation or store placement, based on the derived shopping area for the consumer and the model of the consumer's shopping habits.