Bank of America had 43 patents in mobile during Q2 2024. Bank of America Corp filed patents related to enhancing user experience at ATMs by allowing interaction with mobile devices, implementing a dynamic caching platform for metaverse interactions, converting conventional bank assets to digital assets integrated with blockchain, and implementing dynamic network channel switching for secure communication. Additionally, there is a patent related to synchronizing databases for storing cryptocurrency custody information and processing event requests related to fiat currency or cryptocurrency. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Bank of America had no grants in mobile as a theme in Q2 2024.
Recent Patents
Application: Banking at a multi-level atm (Patent ID: US20240202689A1)
The patent filed by Bank of America Corp describes an ATM system that allows users to interact with the ATM using their mobile devices. The ATM has multiple vertical levels with deposit slots, withdrawal trays, and receipt dispensers. Users can select the level at which they want to conduct transactions, either through their mobile device or at the ATM itself. The method involves detecting the user's mobile device using short-range wireless communication, prompting the user to select banking services on their mobile device, verifying user identification, and enabling transactions such as deposits and withdrawals at the selected level.
The system also allows users to select the vertical level for transactions through their mobile device or at the ATM. The mobile device can trigger a mobile application for user identification and access to banking services. Users can even initiate future transactions using the ATM through their mobile device. Overall, the patent outlines a method for seamless interaction between mobile devices and ATMs for conducting banking transactions efficiently and securely.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
