Toronto-Dominion Bank had 42 patents in digitalization during Q2 2024. The Toronto-Dominion Bank‘s patents filed in Q2 2024 involve systems and methods for automatically linking partner loyalty rewards accounts, generating and storing business entity summaries, providing lending offers for loyalty points, accelerating transfers based on defined conditions, and utilizing artificial intelligence to determine dynamic user interfaces during automated teller machine sessions. 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 digitalization 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 such as perks and rewards points being applied to the authenticated user's account after linking. The success message received indicates authorization as an authorized user on the primary account. In case the authenticated 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 facilitate seamless integration of loyalty rewards accounts between partners and financial institutions, enhancing user experience and benefits.
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