Standard address key system and method

A system for address standardization, the system comprising:

• at least one computer memory storing rules for standardization;
• at least one input interface for receiving addresses from multiple data sources, each address including multiple components;
• and
• at least one computer processor implementing a standardization algorithm to arrive at a standard address key for each address, the standardization algorithm performing steps including:
• pre-processing each address,
• cleaning and preparing each address by removing unnecessary portions of each address,
• parsing each address by searching the components of each address, and
• concatenating all parts of each parsed address into a standard address key that includes a minimum number of necessary characters,
• wherein when an address includes a zip code and at least one of a city and a state, the removing unnecessary portions includes removing each of the at least one of the city and the state.

A non-transitory computer readable medium for storing executable instructions, wherein the instructions, executed on a computing device perform the following steps:

• retrieving rules for standardization from a computer memory;
• receiving addresses at an input interface from multiple data sources, each address including multiple components;
• and
• implementing a standardization algorithm utilizing at least one computer processor to arrive at a standard address key for each address, the standardization algorithm performing steps including;
• pre-processing each address,
• cleaning and preparing each address by removing unnecessary portions of each address,
• parsing each address by searching the components of each address, and
• concatenating all parts of each parsed address into a standard address key that includes a minimum number of necessary characters,
• wherein when an address includes a zip code and at least one of a city and a state, the removing unnecessary portions includes removing each of the at least one of the city and the state.