Patent US2019/014748A Issued on May 16, 2019.
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
Abstract: An analytics computing system for analyzing payment transaction data to identify merchants having a recurring payment program is provided. The analytics computing system is configured to receive first payment transaction data for a plurality of transactions associated with a merchant, generate an actual transaction amount distribution, compare the actual transaction amount distribution to a stored model distribution, compare an angle distance to a predefined threshold value, and identify whether the merchant is a merchant performing recurring payment transactions. The analytics computing system is also configured to store that the merchant is a recurring payment merchant and alert an analyst that the merchant is a recurring payment merchant by transmitting an alert message to a user computing device in communication with the analytics computing device.
Bibtex:
misc{,
AUTHOR = {Joshua A. Allbright and Christopher John Merz },
TITLE = {Data analysis systems and methods for identifying recurring payment programs},
HOWPUBLISHED = {\url{https://patents.google.com/patent/US20190147448A1/en}},
YEAR = {2019},
NOTE = {last accessed Jun 7, 2019},
}
Reference Type: Patent
Subject Area(s): Accounting