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METHOD FOR DETECTING RECURRING PAYMENTS OR INCOME IN FINANCIAL TRANSACTION DATA USING SUPERVISED LEARNING

Abstract:

A method is disclosed, comprising: accessing a plurality of transactions including a first and a second entity; sorting the plurality of transactions into a plurality of transaction series; splitting each transaction series into a first subset of transactions and a corresponding second subset of transactions; analyzing transactions in each first subset of transactions to determine a recurrence period; based on the determined recurrence period, predicting one or more transaction dates of transactions in the corresponding second subset of each first subset of transactions; and generating a target label for each first subset of transactions based on an outcome of the prediction of the one or more transaction dates. The first entity may be a customer of a plurality of customers and the second entity may be a merchant of a plurality of merchants. Each transaction series may comprise transactions between the first entity and the second entity.