USAA had 20 patents in ecommerce during Q1 2024. USAA’s patent filed in Q1 2024 describes methods and systems for a program connecting merchants and consumers. Users submit wish lists, which are shared with participating merchants. Offers based on user location are then calculated and presented to the user for consideration. GlobalData’s report on USAA gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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USAA grant share with ecommerce as a theme is 95% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Systems and methods for facilitating purchases (Patent ID: US20240046320A1)
The patent filed by USAA describes methods and systems for a program involving merchants and consumers. The method involves receiving a wish list from a user, publishing it to participating merchants, determining the user's location, receiving offers from merchants based on the user's location, calculating the total cost of the offer, and notifying the user. The claims detail a method where users select items or services from participating merchants, receive offers based on proximity, indicate a lack of funds, receive a line of credit offer, and accept it to pay for the items or services.
The system includes processors and memories storing instructions for selecting items, providing location, receiving offers, indicating lack of funds, and receiving a line of credit offer. Additional claims involve publishing events to merchants, receiving suggestions, notifications of deposited funds, accepting the line of credit offer, and receiving a receipt for the items or services. The system also details the funding of the line of credit, interest received, and the calculation of total costs based on transportation expenses. The non-transitory computer-readable medium stores instructions for similar operations, including publishing events, receiving suggestions, notifications of deposited funds, accepting the line of credit offer, and receiving a receipt for the items or services, with additional details on funding the line of credit and calculating total costs.
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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.
