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:
Sep. 27, 2016
Filed:
Nov. 26, 2014
Mastercard International Incorporated, Purchase, NY (US);
Pedro Chavarria, Hampton Bays, NY (US);
Kristofer Perez, New York, NY (US);
MasterCard International Incorporated, Purchase, NY (US);
Abstract
A computer-implemented method for estimating a price of a candidate trip based on transaction data is provided. The method includes generating a profile associated with a first cardholder, based at least in part on stored first transaction data associated with one or more purchases made by the first cardholder through a payment network. The profile indicates a spending trend of the first cardholder. The method additionally includes determining a price paid by at least a second cardholder for a reference trip, based at least in part on second transaction data stored in one or more memory devices. The second transaction data is associated with purchases made by the second cardholder through the payment network during the reference trip. Additionally, the method includes determining an estimated price for the candidate trip for the first cardholder by adjusting the price paid based at least in part on the spending trend of the first cardholder.