Systems and methods for recommending competitor sets

A computer-implemented method for developing a set of merchants that are competitors to a subscriber merchant, for presentation to a market analyst, said method using a merchant analytic (MA) computer system, wherein the MA computer system is in communication with a memory device, said method comprising:

• receiving, at the MA computer system, payment card transaction information for payment cardholders from the payment network, the payment card transaction information including data relating to a plurality of purchases made by the plurality of cardholders at a plurality of different merchants, the purchases satisfying a first criterion;
• receiving, at the MA computer system, merchant rating information;
• receiving, at the MA computer system, merchant descriptive information;
• determining location information of each of the plurality of different merchants relative to at least one of a predetermined selectable location and a location of a subscriber merchant;
• determining a set of competitor merchants from the plurality of different merchants using the received payment card transaction information, the received merchant rating information, the received merchant descriptive information, and the determined location information;
• and
• displaying the set of competitor merchants to at least one of the subscriber merchant and a market analyst.

One or more computer-readable storage media having computer-executable instructions embodied thereon for developing a set of merchants that are competitors to a subscriber merchant for presentation to a market analyst, wherein when executed by at least one processor, said computer-executable instructions cause the processor to:

• receive payment card transaction information for payment cardholders from the payment network, the payment card transaction information including data relating to a plurality of purchases made by the plurality of cardholders at a plurality of different merchants, the purchases satisfying a first criterion;
• receive merchant rating information;
• receive merchant descriptive information;
• determine location information of each of the plurality of different merchants relative to at least one of a predetermined selectable location and a location of a subscriber merchant;
• determine a set of competitor merchants from the plurality of different merchants using the received payment card transaction information, the received merchant rating information, the received merchant descriptive information, and the determined location information;
• and
• display the set of competitor merchants to at least one of the subscriber merchant and a market analyst.