Merchant Table Location Identifier for Transaction Data Analysis
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Solution Overview
Problem
Service platforms that handle electronic transactions face complexity in analyzing and reporting due to large amounts of data and data entry errors, making it cumbersome to configure and manage transaction records from multiple sources for merchants.
Innovation Solution
The system generates a unique location identifier (LID) based on normalized merchant addresses, allowing for the organization and grouping of transaction records by location, and applies rules to identify merchant accounts associated with a defined location, facilitating accurate analysis and reporting.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Quantity of substance
If transaction records are stored with detailed merchant information from multiple sources, then data completeness is improved, but analysis and reporting complexity increases
Solution Approach 1:
The patent segments merchant information into standardized fields (merchant_id, merchant_name, address, location_identifier) and organizes transaction records into a structured table format. This segmentation allows comprehensive data storage while enabling efficient querying and analysis through the standardized structure and location-based grouping.
Solution Approach 2:
The patent introduces a location_identifier as an intermediary element that links merchant addresses to geographic locations. This intermediary simplifies analysis by providing a direct connection between transaction records and location-based metrics, avoiding complex address parsing and geographic calculations during analysis.
2Measurement precision
If merchant addresses are stored in detailed formats, then location accuracy is improved, but data processing complexity increases
Solution Approach 1:
The patent performs preliminary normalization of merchant addresses during data entry, converting various address formats into a standardized structure with separate fields for street address, city, state, and ZIP code. This preliminary action maintains location accuracy while simplifying subsequent processing by eliminating the need for complex address parsing operations.
3Adaptability or versatility
If transaction records are organized by multiple merchant attributes, then query flexibility is improved, but storage and retrieval complexity increases
Solution Approach 1:
The patent creates a universal merchant table structure that serves multiple functions: it stores detailed merchant information, enables location-based analysis through location_identifier, supports hierarchical merchant relationships, and facilitates various query types. This single standardized structure replaces multiple specialized data structures, reducing overall system complexity while maintaining query flexibility.
Data Source
AI summary
Tables and techniques to configure the same are provided. In some embodiments, configuration of one or more memory devices can permit or otherwise facilitate including transaction records in a table or another type of data structure, where the transaction records can be organized based at least on a defined location for a merchant or another type of organization associated with the transaction records.