Western Union patented a method and system for identifying funds transfer opportunities in electronic media accessed by mobile devices. The system allows monitoring, identifying, and instantiating funds transfers based on detected trigger elements in mobile applications. GlobalData’s report on Western Union gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Western Union, was a key innovation area identified from patents. Western Union's grant share as of April 2024 was 83%. Grant share is based on the ratio of number of grants to total number of patents.
Identifying funds transfer opportunities in electronic media accessed by mobile
A recently granted patent (Publication Number: US11954666B2) discloses a system designed to identify interactions with a mobile application. The system comprises processing devices and memory storing processor-readable instructions for executing various operations. These operations include receiving an indication of a second mobile application, detecting its content, identifying trigger elements within the content, displaying a selectable interface element corresponding to the trigger element, and initiating a transfer procedure upon user selection. The system also involves parsing the content, comparing it to stored trigger elements, and operating with the first mobile application as a background app while the second mobile application runs in the foreground.
Furthermore, the patent includes claims for a non-transitory, machine-readable medium and a method for identifying interactions with a mobile application. These claims detail additional operations such as parsing content, comparing it to stored trigger elements, and initiating transfer procedures based on user selections. The method also specifies the operation of the first mobile application as a background app and simultaneous display of the selectable interface element with the second mobile application. Overall, the patent outlines a comprehensive system, medium, and method for efficiently monitoring and facilitating interactions within mobile applications, enhancing user experience and functionality.
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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.
