US 2020/0090266 A1 · System, Method, and Computer Program Product for Determining a Creditworthiness Score of a Merchant Based on Similar Merchants

Abstract

Provided is a computer-implemented method for determining creditworthiness of a merchant based on one or more similar merchants. The method includes receiving merchant data associated with a first merchant, identifying one or more second merchants that are similar to the first merchant based on a threshold, generating a creditworthiness score of the one or more second merchants based on merchant creditworthiness data associated with payment transactions involving the one or more second merchants, and transmitting information associated with the creditworthiness score of the one or more second merchants to a computer device. A system and computer program product are also disclosed.

Claims20

Dependent claims

A computer-implemented method for determining a creditworthiness score of a merchant based on one or more similar merchants comprising:

receiving, with at least one processor, a request regarding a first merchant;
identifying, with at least one processor, one or more second merchants that are similar to the first merchant based on a threshold;
generating, with at least one processor, a creditworthiness score of the one or more second merchants based on merchant creditworthiness data associated with payment transactions involving the one or more second merchants;
and
transmitting, with at least one processor, information associated with the creditworthiness score of the one or more second merchants to a computer device.

2 more elements

A system for determining a creditworthiness score of a merchant based on one or more similar merchants comprising:

at least one processor programmed or configured to:
receive merchant data associated with a first merchant;
identify one or more second merchants that are similar to the first merchant;
generate a creditworthiness score of the one or more second merchants based on merchant creditworthiness data associated with payment transactions involving the one or more second merchants;
and
transmit information associated with the creditworthiness score of the one or more second merchants to a computer device.

3 more elements

A computer program product for determining a creditworthiness score of a merchant based on one or more similar merchants comprising at least one non-transitory computer-readable medium comprising one or more instructions that, when executed by at least one processor, cause the at least one processor to:

identify one or more second merchants that are similar to a first merchant;
generate a creditworthiness score of the one or more second merchants based on merchant creditworthiness data associated with payment transactions involving the one or more second merchants;
and
transmit information associated with the creditworthiness score of the one or more second merchants to a computer device.

1 more element

Dependencies are inferred from the claim text.

System, Method, and Computer Program Product for Determining a Creditworthiness Score of a Merchant Based on Similar Merchants

Life of this patent

System, Method, and Computer Program Product for Determining a Creditworthiness Score of a Merchant Based on Similar Merchants

Life of this patent

Abstract

Claims20