Select your font size 
 
about us products & services consulting & support news & events contact us
Volume merchants use data-mining techniques to get the upper hand in client and supply chain management. New technologies have the potential to level the playing field for consumers.

Data-Mining for Transaction Patterns - Florida

print this article 
 

High-volume merchants, including Walmart, Safeway, Save-on Foods, and others, have already implemented programs to learn more about their clients. Each transaction is stored in a database, where each client should have a unique number. Client participation is encouraged by providing benefits such as lower prices or better credit terms.

Initial, fairly innocuous, applications for the resultant data sets included optimizing the supply chain by arranging for lower inventories, automatically creating purchase orders for just-in-time (JIT) delivery of merchandise, tracking and managing spoilage, and maintaining year-to-year performance statistics.

More controversial applications have included measuring and reacting to the profitability or transaction patterns (favourable or otherwise) of clients. In other words, just as large, nationally regulated, databases are maintained to keep track of credit relationships between lenders and borrowers, which are now used by lenders to grant preference to more profitable and/or less risky borrowers, retailers and high-volume merchants are applying private and mostly unregulated databases to ordinary transactions such as purchases and returns of merchandise.

Several of the methods used by high-volume merchants to maintain customer data lack the property of being able to uniquely identify the client responsible for a transaction. For example, some vendors allow clients to use telephone numbers to get better prices, since it is easier to give a telephone number than to carry a special card. These systems, while sufficient for understanding broad trends and usage patterns, are insufficient for any true accountability, because the telephone number can be guessed easily, and there is no verification that the person making the purchase actually owns that telephone number. Such a system would not be a good candidate for the kind of industry-wide information sharing used in the credit industry.

Kroger stores in North America, and the METRO Group chain of grocery stores in Germany, are two examples of businesses which now use biometric data such as fingerprints to uniquely identify their customers. By taking this step, and acquiring appropriate permissions from their clients, grocery store chains could truly realize the benefits of sharing customer data.

And what are these benefits, one might ask? For instance, the best clients could easily be identified, and better purchase terms (prices, availability, or credit terms) could be offered to these clients. Conversely, clients with unprofitable transaction patterns could also be identified and discouraged from engaging in these patterns. For instance, customers who only purchase loss-leaders, or who routinely purchase clothing only to return the clothing a few weeks later.

Based on the above, it is easy to see that from the consumer point of view, the merchants who are maintaining databases against them seem to have several unfair advantages:

  1. Access to information in database format. This enables the merchants to discern patterns that are not easy to detect when the information is scattered.
  2. Lack of effective regulation that ensures that the information is accurate. Despite privacy laws such as PIPEDA in Canada, it is very difficult to keep track of all of the databases being maintained by merchants, and it may be economically impractical to conduct detailed audits, even of individual accounts.
  3. Merchants have an up-to-date transaction database spanning a large set of clients, but clients would not have a similar kind of database spanning a large set of merchants.

Most Recent Website and Regional Updates

 PHP Programming Practice
Many of Transparen's programmers are proficient in PHP development. PHP is a programming language with several important advantages from a business point-of-view.

 
 PHP
Information about PHP and PHP5, with a free unofficial mirror of PHP documentation.

 
 Florida certifies vote, lays ghosts of 2000 to rest
Bitter memories and bad jokes about Florida's 2000 presidential fiasco should be swept away by the smooth running of this year's record voter turnout, Secretary of State Kurt Browning said Monday.

 
 Al Lawson takes charge of Senate Democrats
Senate Democrats meet later today to crown a new leader, a 60-year-old former Florida A&M University basketball coach who counts among his top achievements the 1994 fight to compensate victims of the Rosewood Massacre.

 
 New group of Florida Democrats prepare to make their mark in Tallahassee
For South Florida's Democratic contingent at the state capitol, change is afoot. With the term-limit induced retirements of Democratic stalwarts like Sen. Steve Geller and Rep. Jack Seiler, a new breed of South Florida political leaders will have a chance to emerge starting today when the Florida Legislature meets to prepare for the legislative term that runs through 2010.

 
 New Florida Legislature leaders face budget challenges
Two new Republican leaders will be sworn in to the Florida Legislature's top jobs Tuesday in a one-day ceremonial session designed to be more celebration than business.

 
 Democrats draw 'line in the sand'
New Senate Democratic leader Al Lawson pledged Monday to oppose further budget cuts to public schools and universities, setting up a clash with Republicans.

 
 Florida Supreme Court Justice Charles T. Wells, 70, to retire in March
Florida Supreme Court Justice Charles T. Wells, an Orlando native who led the court through the 2000 presidential recount, announced Monday he will step down in March when he reaches the mandatory retirement age of 70.

 
 State budget: It's going to get worse
As tough as this year's massive $6 billion in budget cuts have been for schools, universities, social-service agencies and other government services, what's looming may be even worse.

 
 Obama's Florida victory official, state panel rules
The Florida Elections Canvassing Commission made President-elect Barack Obama's victory in the state official right on schedule Monday, just 13 days after a nearly glitch-free election.

 
 U.S. Sugar sees the future in plant waste: ethanol
From sugar on the table to fuel in cars -- U.S. Sugar eyes stalks and leaves as an alternative energy source.

 
 States hound dogged drivers
Dubbed the “Paris Hilton Bill,” California legislation to ban a pet from riding on a driver’s lap suffered a setback at the hands of a harried governor. But at least four other states are considering similar laws.

 
 Tough economy hammers schools, colleges
As states’ budget gaps increase in a worsening economy, schools are among those suffering the fallout — and they’re taking extreme measures to cope.

 
 Three Western governors float tax hikes
Frequently the option of last resort, tax increases are on the table in California, Nevada and Oregon as more states try to confront budget problems and the ailing economy.

 
 States craft plans to stimulate economy
States aren’t waiting for help from Washington, D.C., to boost their economies. More than half a dozen have passed or proposed their own economic stimulus packages designed to reinvigorate local businesses with new construction, loans to hometown banks and other job-creating activities.

 
 Salt prices put states in a pinch
Cold-weather states across the country will need hundreds of thousands of tons of salt to keep roads and highways safe this winter. But prices are running two and three times higher than last year, forcing some states and municipalities to make do with less.

 
 Ala. seeks civil rights tourism, racial accord
Includes interactive map of the black heritage history trail in Selma, Ala. MONTGOMERY, Ala. — As Americans send the country’s first black president to the White House, a growing tourism program in Alabama embraces the state's role in the civil rights struggle and salutes the heroes who helped pave the way for Barack Obama’s Election Day victory.

 
 What Obama could do for states
State officials are looking to President-elect Obama for help as the nation faces its worst economic crisis since the Great Depression.

 
 Massachusetts leads in `new economy'
Massachusetts once again leads all other states in moving its economy away from the old industrial “smokestack chasing” model to one based on technology, creativity and innovation, a new report released Nov. 18 said.

 
 Statehouse reporters celebrate awards
Against a dismal economic backdrop for the news industry, the nation’s statehouse reporters gathered Saturday (Nov. 15) to honor the best of their work at the ninth annual conference of CapitolBeat, an association of reporters and editors who cover state government.

 
 ACLU lawsuit relates to Va. abortion
The American Civil Liberties Union asked for a court order yesterday to force the federal government to release documents outlining its policy regarding reproductive-health services for unaccompanied and refugee children in its custody.

 
 Struggling states let retailers keep $1 billion in sales taxes, study says
Cash-strapped states are forgoing a total of roughly $1 billion annually in tax revenue because of little-noticed laws that permit retailers to keep a slice of the sales taxes they collect for the government, according to a new study.

 
 States made history Nov. 4, too
Barack Obama wasn’t the only one to make history Nov. 4 when he was elected the first black U.S. president. Statehouses also broke ground on several fronts.

 
 3 states, including Calif., ban gay marriage
(Updated 12 p.m. EST, Nov. 7, 2008)Gay marriage opponents scored major victories in California, Arizona and Florida on Election Day as voters approved ballot measures that limit marriage to a man and a woman.  Measures on abortion, affirmative action, stem cell research and physician assisted suicide also were among 153 initiatives on the ballot in 36 states.

 
 Election Day mostly smooth
Six years after being ordered to overhaul their voting systems, states showed they were largely prepared for 2008’s historic election and near-record voter turnout.

 
 Visit the Stateline.org Florida Page

 

Google
 
Web transparen.com

Contact Information

Related Information

Home Buyers Find Attractive Low Interest Mortgage Options
Tens of thousands of dollars can be saved by making use of the mortgage broker industry's leverage. Better rates mean debt can be paid back faster, and mortgages eliminated sooner.
Market-Based Decision Making - Aggregating Good Judgement
Internal stock exchanges may provide key feedback about the relative values of already-identified strategic options by 'automatically promoting' those who exercise good judgement.
Canadian Stocks - Early Research
Early research into Canadian small-cap stocks may reveal companies with solid fundamental growth ratios that are currently under valued in the market.
Researching Canadian Stocks
Conducting unbiased research into Canadian stock performance relative to industry averages can uncover unfairly low valuations likely to yield profitable future stock trades.
Choosing a Discount Brokerage
Stock traders demand speed, risk management, strategy, buying power, information inflows and outflows, a low fee structure, and access from their discount brokerage firms.
News
Updates on the latest developments at Transparen.
Industries - Overview
Transparen's consulting services are useful across a wide number of industries.
XBRL Can Lead to Better Financial Research Insights
Discussion about XBRL - eXtensible Business Reporting Language - with a high-level overview.
   
 
E C M | © 2003-2007 Transparen Corp.      

Standardized Services: Data Recovery Service / Creative Services / Premium Web Hosting Services / System Administration Tech Support Services
Recent Projects: Full-Service Mortgage and Financing Company / System to manage flights from Vancouver to Tofino / Photo exchange verification service
Our Vancouver BC Server Proudly Hosts: automated parking and revenue control systems, leafside lane at southlands, cost effective alternative power sources, Higher Grade Learning Centres, pacific forage bag supply, sunburst medical, neosonic design, roger mahler photography - passionate, intriguing, desirable, the connection between east and west, affordable flights to victoria and tofino, low interest mortgage brokers in vancouver, richmond, surrey, toronto, Toronto Calgary and Vancouver IT staffing and talent search
* Alachua * Altamonte Springs * Anna Maria * Apalachicola * Apopka * Arcadia * Archer * Atlantic Beach * Atlantis * Auburndale * Aventura * Avon Park * Bartow * Bay Lake * Belleair Beach * Belleair Bluffs * Belle Glade * Belle Isle * Belleview * Blountstown * Boca Raton * Bonifay * Bonita Springs * Bowling Green * Boynton Beach * Bradenton * Bradenton Beach * Bristol * Brooksville * Bunnell * Bushnell * Callaway * Cape Canaveral * Cape Coral * Carrabelle * Casselberry * Cedar Key * Center Hill * Chattahoochee * Chiefland * Chipley * Clearwater * Clermont * Clewiston * Cocoa * Cocoa Beach * Coconut Creek * Coleman * Cooper City * Coral Gables * Coral Springs * Crescent City * Crestview * Crystal River * Cutler Bay * Dade City * Dania Beach * Davenport * Daytona Beach * Daytona Beach Shores * DeBary * Deerfield Beach * De Funiak Springs * DeLand * Delray Beach * Deltona * Destin * Dunedin * Dunnellon * Eagle Lake * Edgewater * Edgewood * Eustis * Everglades * Fanning Springs * Fellsmere * Fernandina Beach * Flagler Beach * Florida City * Fort Lauderdale * Fort Meade * Fort Myers * Fort Pierce * Fort Walton Beach * Freeport * Frostproof * Fruitland Park * Gainesville * Graceville * Greenacres * Green Cove Springs * Gretna * Groveland * Gulf Breeze * Gulfport * Haines City * Hallandale Beach * Hampton * Hawthorne * Hialeah * Hialeah Gardens * High Springs * Holly Hill * Hollywood * Holmes Beach * Homestead * Indian Harbour Beach * Indian Rocks Beach * Inverness * Islandia * Jacksonville * Jacksonville Beach * Jacob City * Jasper * Key Colony Beach * Keystone Heights * Key West * Kissimmee * La Belle * Lake Alfred * Lake Buena Vista * Lake Butler * Lake City * Lake Helen * Lakeland * Lake Mary * Lake Wales * Lake Worth * Largo * Lauderdale Lakes * Lauderhill * Laurel Hill * Lawtey * Layton * Leesburg * Lighthouse Point * Live Oak * Longwood * Lynn Haven * Macclenny * Madeira Beach * Madison * Maitland * Marathon * Marco Island * Margate * Marianna * Mary Esther * Mascotte * Melbourne * Mexico Beach * Miami * Miami Beach * Miami Gardens * Miami Springs * Midway * Milton * Minneola * Miramar * Monticello * Moore Haven * Mount Dora * Mulberry * Naples * Neptune Beach * Newberry * New Port Richey * New Smyrna Beach * Niceville * North Bay Village * North Lauderdale * North Miami * North Miami Beach * North Port * Oak Hill * Oakland * Oakland Park * Ocala * Ocoee * Okeechobee * Oldsmar * Opa-locka * Orange City * Orlando * Ormond Beach * Oviedo * Pahokee * Palatka * Palm Bay * Palm Beach Gardens * Palm Coast * Palmetto * Panama City * Panama City Beach * Parker * Parkland * Pembroke Pines * Pensacola * Perry * Pinellas Park * Plantation * Plant City * Pompano Beach * Port Orange * Port Richey * Port St. Joe * Port St. Lucie * Punta Gorda * Quincy * Riviera Beach * Rockledge * Safety Harbor * St. Augustine * St. Augustine Beach * St. Cloud * St. Marks * St. Pete Beach * St. Petersburg * San Antonio * Sanford * Sanibel * Sarasota * Satellite Beach * Sebastian * Sebring * Seminole * Sopchoppy * South Bay * South Daytona * South Miami * South Pasadena * Springfield * Starke * Stuart * Sunny Isles Beach * Sunrise * Sweetwater * Tallahassee * Tamarac * Tampa * Tarpon Springs * Tavares * Temple Terrace * Titusville * Treasure Island * Trenton * Umatilla * Valparaiso * Venice * Vernon * Vero Beach * Waldo * Wauchula * Webster * Weeki Wachee * West Melbourne * West Miami * West Park * Weston * West Palm Beach * Wewahitchka * Wildwood * Williston * Wilton Manors * Winter Garden * Winter Haven * Winter Park * Winter Springs * Zephyrhills