PATENT CLAIM ANALYSIS

Application Number: 15952640
Application Type: Utility
Filing Date: 2018-04
Publication Date: 2018-08
Patent Classification: ["705", "007290"]

Abstract:
Systems and methods are disclosed for analyzing and predicting spending behaviors of consumers. A financial service system configures a financial service account for a user associated with a merchant. The financial service system, after receiving notification of purchase transactions made by the user with the account, may collect information relating to the transactions. The financial service system may determine other merchants that “co-occur” with the first merchant—in other words, where else are the first merchant's customers shopping and who are their true competitors? The financial service system may then compile this data and provide it to the merchant, who may modify their business practices based on the information.

Claim (Index 37):
A tangible non-transitory computer-readable medium storing instructions which, when executed by a processor, perform operations for modifying business practices, comprising:\n transmitting first transaction information to a financial service system, the first transaction information relating to a first purchase from a first merchant made by a user using an account provided by the financial service system; receiving information from the financial service system, the received information comprising an identity of a second merchant associated with a second purchase made by the user and a list of co-occurring merchants determined by the financial service system based on at least one of: geographic locations of the first merchant and the second merchant, demographic information associated with the user, or currency values of the first and second purchase transactions; reporting the information received from the financial service system to facilitate making first modifications to a business practice, the first modifications being determined based on identities of the first and second merchants and the list of co-occurring merchants; storing sales data collected subsequent to the business practice modification; comparing, by the at least one processor, the stored sales data to forecasted sales data; and reporting the comparison of the stored sales data to forecasted sales data to facilitate making second modifications to the business practice, the second modifications being determined based on the comparison.

Metadata:
- Claim Count in Document: 59.0
- Percentile: 91.0
- Lexical Diversity: 1.71429
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['13717239', '14330116', '14936622', '14330506', '15368538']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1177885701130744
- 35 USC 102 Novelty (BERT): 0.4966428234923772
- Combined Prediction Score: 0.1556739954510047
- Mean Citation Score: 241.323236
- Max Citation Score: 271.36823
- Similarity Product: 214.81479671943063

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test