Toronto-Dominion Bank had 13 patents in mobile during Q2 2024. The Toronto-Dominion Bank filed patents in Q2 2024 related to automatically linking partner loyalty rewards accounts, distributing value storage tokens to multiple recipients, processing transactions using machine-readable codes, and optimizing machine learning models through residual analysis and ensemble tree models. These patents involve computer-implemented methods and systems for enhancing user experience and efficiency in financial transactions and predictive modeling. GlobalData’s report on Toronto-Dominion Bank gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Toronto-Dominion Bank had no grants in mobile as a theme in Q2 2024.
Recent Patents
Application: Automatic linking of loyalty accounts of authorized users to loyalty accounts of primary users (Patent ID: US20240211985A1)
The patent filed by The Toronto-Dominion Bank involves a system and method for automatically linking partner loyalty rewards accounts using authorized user and primary user information associated with an account. The system includes a communications module, memory storing instructions for linking loyalty accounts, and a hardware processor. The method involves authenticating a user at a partner system, receiving account information associated with the user, transmitting this information to a financial institution system via an API, verifying the user as an authorized user on an account, and linking the loyalty account of the authenticated user with the primary user's loyalty account based on the success message received.
The system and method allow for the linking of loyalty accounts based on credit account information, with earned benefits like perks and rewards points being applied to the authenticated user's account after linking. The success message received indicates authorization of the account as a primary account, allowing for the transfer of benefits. In case the account is not authorized, a failure message is returned. The account information includes details like account number, name on the account, date of birth, or address associated with the account. Overall, the system and method streamline the process of linking loyalty accounts between users and primary account holders, enhancing the benefits and rewards available to the users.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
