Toronto-Dominion Bank grant share with internet of things as a theme is 100% in Q3 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Enabling feature based on a sensed condition at ambient commerce premises (Patent ID: US20230274247A1)

The patent filed by The Toronto-Dominion Bank describes an ambient commerce system. The system includes a sensor located at an ambient commerce premises, a processor connected to the sensor, and a memory connected to the processor. The memory stores instructions that, when executed, allow the processor to perform various functions. These functions include detecting engagement of an entity with a first item that meets certain criteria based on the sensor's output, identifying the entity, determining a resource parameter for the identified entity based on their account data, and generating a notification on the entity's electronic device if the resource parameter meets specific criteria.

The patent also includes several claims that further detail the features and capabilities of the ambient commerce system. These claims specify that engagement of the entity with the first item can be detected by monitoring the entity's presence within a geofence for the item, and the notification can be generated while the entity remains within the geofence. The first predetermined criteria for engagement can be satisfied if a value parameter for the first item exceeds a defined threshold or if a class parameter associated with the item matches a defined class. The resource parameter can indicate access to a borrowed resource, and the second predetermined criteria for generating a notification can be met if the entity has access to the borrowed resource. Alternatively, the resource parameter can represent a resource balance, and the second predetermined criteria can be satisfied if the balance exceeds a threshold, which can be determined based on the value parameter for the first item.

The patent also describes a method for implementing the ambient commerce system. The method involves detecting engagement of an entity with a first item that meets certain criteria based on the sensor's output, identifying the entity, determining a resource parameter for the identified entity based on their account data, and generating a notification on the entity's electronic device if the resource parameter meets specific criteria. The method can also include identifying a second item based on the first item from an item mapping database and including this information in the notification. The second item can be an alternative to the first item.

Overall, the patent describes an ambient commerce system that utilizes sensors, processors, and memory to detect engagement with specific items, identify entities, determine resource parameters, and generate notifications based on predetermined criteria. The system aims to enhance the ambient commerce experience by providing personalized notifications to entities based on their account data and resource parameters.

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