Bank of America had 31 patents in internet of things during Q1 2024. The Bank of America Corp filed patents in Q1 2024 for systems related to self-service applications in virtual environments, transactions using LoRaWAN protocol on mobile devices, executing wireless resource transfers using secure digital tokens, and IoT authentication systems for transaction processing. These systems aim to provide secure, efficient, and streamlined methods for conducting interactions, transactions, and authentication processes in the digital space. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Bank of America grant share with internet of things as a theme is 38% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: System, method and graphical user interface for providing a self-service application within a metaverse (Patent ID: US20240086030A1)

The patent filed by Bank of America Corp describes a system for providing a self-service application within a virtual environment. The system involves a processor associated with a server that receives a request from a user device to conduct an interaction in a real-world environment. The processor then generates a virtual meeting area with an entity avatar, sends a mobile deep link to grant access, and integrates video streams for the interaction. The system also processes user data, generates contextual objects, and renders them into an application profile. The claims detail various configurations and methods for implementing this system, including sending customized mobile deep links, determining user data eligibility for the application service, integrating real-world interactions into the virtual environment, and determining virtual locations based on physical locations.

Overall, the patent outlines a comprehensive system for facilitating self-service applications in a virtual environment, leveraging user data, video streams, and contextual objects to enhance user interactions. The claims provide additional details on specific functionalities such as sending customized mobile deep links, determining user data eligibility, and integrating real-world interactions seamlessly into the virtual environment. This system has the potential to streamline user experiences, improve customer service, and enhance overall efficiency in conducting interactions within a virtual setting.

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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.