Abstract: A method comprising collecting spending activities associated with financial transactions performed by a customer with the merchants, whereby the plurality of financial transactions collected from one or more financial intermediaries, evaluating the spending activities for identifying types of merchants with whom the customer has performed a spending activity and analyzing a spending behavior of the customer, and preparing a customer profile in response to evaluating the plurality of spending activities for enabling the plurality of merchants to view the customer profile, whereby the plurality of merchants identify the customer as a preferred customer by viewing the customer profile and provide privileged services.

Abstract: A method and system for creating and updating customer profile are disclosed. The method includes collecting a plurality of individualized details of customer; and activities of the customer, evaluating the plurality of individualized details of customer and activities of the customer; and creating and updating the customer profile in response to the plurality of individualized details of customer and activities of the customer for enabling the plurality of merchants to view the customer profile, whereby the plurality of merchants identify the customer as a preferred customer by viewing the customer profile and provide privileged services.

Abstract: A method and system for providing privileged services to preferred customers are disclosed. The method includes collecting a plurality of activities performed by one or more customers in an online mode and/or offline mode, evaluating the plurality of activities performed by one or more customers for building a customer profile, identifying one or more merchants and one or merchant services and one or more merchant offerings analogous to the customer profile to prepare a list of preferred customers among the one or more customers, providing the list of preferred customers to the one or merchants for enabling the one or more merchants to provide privileged services, and providing a list of one or more merchants offering the privileged services to preferred customers for receiving privileged services.