Royal Bank of Canada grant share with mobile as a theme is 31% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Payment card with secure element and replenishable tokens (Patent ID: US20240086898A1)

The patent filed by the Royal Bank of Canada describes an electronic payment device that includes a secure element for storing payment tokens associated with various payment cards, an input interface for card selection, a display interface, and a processor. When a user selects a payment card, the device displays the card's descriptor and activates the associated payment token for payment. The device can also receive additional payment tokens wirelessly to replenish its supply.

The claims detail the specific features of the electronic payment device, such as the use of Bluetooth for receiving additional payment tokens, the ability to query the quantity of unconsumed payment tokens, and the form factor resembling a payment card, ring, or bracelet. The device includes a rechargeable battery, ensuring continued operation even when the battery is discharged. The method outlined involves storing applets and payment tokens, activating tokens for payment, updating the secure element, and replenishing tokens via wireless communication. The method also includes rejecting communication requests from non-trusted devices, transmitting NFC signals to the point-of-sale terminal, and storing non-payment tokens like identity tokens.

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