Business performance measurements
AssigneeBank of America Corporation
InventorsDebashis Ghosh, Kurt Newman, David Joa, Timothy J. Bendel
Life of this patent
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AssigneeBank of America Corporation
InventorsDebashis Ghosh, Kurt Newman, David Joa, Timothy J. Bendel
Estimating the term…
Embodiments of the invention relate to systems, methods, and computer program products for providing a performance-measuring network for measuring the performance of a business-merchant relative to other business-merchants competing in the same or similar markets. For example, the performance-measuring network collects transaction data from a large number of different business-merchants. The performance-measuring network then assigns each of the different business-merchants to one or more peer groups. Each peer group consists of business-merchants that compete in the same or similar markets. For example, each peer group consists of business-merchants that sell similar products and/or services in the same geographic markets. After collecting transaction data and creating peer groups, the performance-measuring network measures the performance of a specific business-merchant by comparing the transaction data of the specific business-merchant to the transaction data of the other business-merchants that are assigned to the same peer group(s) as the specific business-merchant.
A method for measuring the performance of a business, the method comprising:
A computer program product for measuring the performance of a business, the computer program product comprising a computer-readable medium having computer-readable program instructions stored therein, wherein said computer-readable program instructions comprise:
A system for measuring the performance of a business, the system comprising:
Dependencies are inferred from the claim text.