Systems and Methods to Summarize Transaction Data
AssigneeVisa U.S.A. Inc.
InventorRyan Bradford Jolley
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Abstract
Systems and methods to summarize transaction data via cluster analysis and factor analysis. In one aspect, a method includes identifying at least one set of clusters based on a cluster analysis of transaction records to group entities, identifying a plurality of factors based on a factor analysis of the transaction records to reduce correlations in spending variables, classifying an entity according to the at least one set of clusters, and computing values of the factors based on the transaction records of the entity.
Claims20
A method, comprising:
- receiving in a computing device a plurality of transaction records;
- and
- generating, using the computing device, a transaction profile to summarize the transaction records, the transaction profile including a plurality of factor values computed respectively for a plurality of factors defined based on a factor analysis.
A computer-readable storage medium storing instructions, the instructions causing a computer to perform a method, the method comprising:
- processing a plurality of transaction records;
- and
- generating a transaction profile to summarize the transaction records, the transaction profile including a plurality of factor values computed respectively for a plurality of factors defined based on a factor analysis.
An apparatus, comprising:
- a data warehouse to store a set of transaction records of a plurality of entities, including a plurality of transaction records of a first entity;
- and
- at least one processor coupled to the data warehouse to generate a transaction profile to summarize the transaction records of the first entity, the transaction profile including a plurality of factor values computed respectively for a plurality of factors defined based on a factor analysis of the set of transaction records.
Dependencies are inferred from the claim text.