Correlating ATM and Merchant Data Signals for Location Accuracy
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Issuing banks face difficulty in directing cardholders to ATMs located within merchant establishments due to the lack of correlation between ATM and merchant locations in conventional systems, especially during events that attract large numbers of unfamiliar people, leading to missed opportunities for joint advertising and increased ATM usage.
Innovation Solution
A data signal enhancement device that detects transaction data from merchants and ATM data, determines if the ATM address matches the merchant address, and generates an indicator to create an enhanced data signal that correlates the two, allowing issuing banks to transmit this information to their computing devices.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional ATM data signals include only ATM address without merchant correlation, then data signal structure remains simple, but issuing banks cannot identify merchant locations housing ATMs
Solution Approach 1:
The patent merges ATM location data with merchant location data by correlating geographic coordinates. The system combines data from ATM data signals (containing ATM address and coordinates) and merchant data signals (containing merchant address and coordinates) to create an enhanced data signal that links ATMs to their hosting merchants through spatial relationship analysis
Solution Approach 2:
The patent introduces an intermediary data processing system that acts as a mediator between raw ATM data signals and merchant data. This intermediary component correlates ATM coordinates with merchant coordinates, generates merchant identifiers, and creates enhanced data signals that bridge the information gap without requiring direct modification of existing ATM or merchant systems
2Productivity
If ATM data signals are enhanced with merchant correlation data, then issuing banks can direct cardholders to merchant locations, but data processing complexity increases
Solution Approach 1:
The patent performs preliminary correlation of ATM and merchant locations by pre-processing data signals to establish spatial relationships before they reach the issuing bank. The system proactively generates merchant identifiers and correlates ATM data with merchant data in advance, so that when cardholders need direction to ATMs, the correlation work is already complete
Solution Approach 2:
The patent enables the data signal enhancement to occur automatically through self-service mechanisms where the system autonomously correlates ATM coordinates with merchant coordinates, generates appropriate merchant identifiers, and attaches merchant information to ATM data signals without requiring manual intervention or complex external processing systems
Data Source
AI summary
A data signal enhancement device for adding supplemental location data to a data signal to enhance location determination is described. Additionally, a method and a computer-readable storage medium for adding supplemental location data to a data signal to enhance location determination is described.