The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 23, 2021
Filed:
Dec. 02, 2016
Mastercard International Incorporated, Purchase, NY (US);
Michael L. Zhao, New York, NY (US);
Nigel Noyes, Irvington, NY (US);
Kimberly Ann Purcell, Wilton, CT (US);
Todd Christian Lowenberg, Redding, CT (US);
Nikhil Anand Malgatti, Ridgefield, CT (US);
Harry Chen, Port Chester, NY (US);
Shweta Jain Chaudhury, London, GB;
Dhruv Akhauri, Haryana, IN;
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
A method for determining an economic impact of a candidate event includes receiving an event type identifier representing an event type of a candidate event to occur, and building a reference data store including historical transaction data records of payment transactions occurring in reference geographic areas associated with a reference event having the event type identifier. The method also includes generating a reference model from the historical transaction data records the models a reference number of active accounts and active merchants within a reference geographic area during a period of time associated with the reference event occurring in the geographic area. The method further includes determining a predicted number of active accounts and active merchants within the target geographic area using the reference model, and determining a predicted consumer spend using a predicted spend model. The method also includes generating an economic impact report including the consumer spend.