System, method, and computer program product for transaction data compression

A method, comprising:

• obtaining, with at least one processor, transaction data associated with a transaction, the transaction data including at least a transaction identifier, a transaction amount, a transaction timestamp, a merchant identifier, and a customer account number;
• segmenting, with the at least one processor, based on contents of the transaction identifier, the transaction amount, the transaction timestamp, the merchant identifier, and the customer account number of the transaction data, the transaction amount, the transaction timestamp, the merchant identifier, and the customer account number of the transaction data into numerical data, sensitive data, string data, and temporal data;
• compressing, with the at least one processor, using at least one first compression algorithm, the numerical data into compressed numerical data;
• compressing, with the at least one processor, using at least one second compression algorithm different than the at least one first compression algorithm, the sensitive data into compressed sensitive data;
• compressing, with the at least one processor, using at least one third compression algorithm different than the at least one first compression algorithm and the at least one second compression algorithm, the string data into compressed string data;
• compressing, with the at least one processor, using at least one fourth compression algorithm different than the at least one first compression algorithm, the at least one second compression algorithm, and the at least one third compression algorithm, the temporal data into compressed temporal data;
• and
• at least one of the following:
• (i) storing, with the at least one processor, in a data store, the compressed numerical data, the compressed sensitive data, the compressed string data, and the compressed temporal data;
• and (ii) transmitting, with the at least one processor, the compressed numerical data, the compressed sensitive data, the compressed string data, and the compressed temporal data to a transaction processing server, or any combination thereof.

A computer program product comprising at least one non-transitory computer-readable medium including program instructions that, when executed by at least one processor, cause the at least one processor to:

• obtain transaction data associated with a transaction, the transaction data including at least a transaction identifier, a transaction amount, a transaction timestamp, a merchant identifier, and a customer account number;
• segment, based on contents of the transaction identifier, the transaction amount, the transaction timestamp, the merchant identifier, and the customer account number of the transaction data, the transaction amount, the transaction timestamp, the merchant identifier, and the customer account number of the transaction data into numerical data, sensitive data, string data, and temporal data;
• compress, using at least one first compression algorithm, the numerical data into compressed numerical data;
• compress, using at least one second compression algorithm different than the at least one first compression algorithm, the sensitive data into compressed sensitive data;
• compress, using at least one third compression algorithm different than the at least one first compression algorithm and the at least one second compression algorithm, the string data into compressed string data;
• compress, using at least one fourth compression algorithm different than the at least one first compression algorithm, the at least one second compression algorithm, and the at least one third compression algorithm, the temporal data into compressed temporal data;
• and
• at least one of the following:
• (i) store, in a data store, the compressed numerical data, the compressed sensitive data, the compressed string data, and the compressed temporal data;
• and (ii) transmit the compressed numerical data, the compressed sensitive data, the compressed string data, and the compressed temporal data to a transaction processing server, or any combination thereof.