Bank of America had 54 patents in mobile during Q4 2023. The Bank of America Corp filed patents in Q4 2023 related to ATM systems with mobile computer integration for user identification, enhanced tracking of data over an asset lifecycle, capturing data during user interaction with mobile apps for operational adjustments, and secure payment processing using low-power wide-area network technology for efficient transactions. GlobalData’s report on Bank of America gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Bank of America grant share with mobile as a theme is 53% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Automated teller machine (ATM) including an application programming interface (API)-equipped, embedded mobile computer (Patent ID: US20230419281A1)
The patent filed by Bank of America Corp describes an ATM system that includes a back-end server, an ATM central processing unit (ATM CPU), and a mobile computer with a CPU and keypad. The mobile computer also has a touch screen for displaying an initial ATM display. The system includes an interface system for communication between the ATM CPU and the mobile computer's CPU. The back-end server sends an API call to the ATM requesting the user's location, ATM device information, and user identification information. The mobile computer responds to this call by providing the requested information to the back-end server.
The method described in the patent enables communication between an ATM, a back-end server, and a mobile computer installed in the ATM. The mobile computer processes information using its CPU, receives user identification information via a keypad, and displays transaction options on its touch screen. The back-end server sends an API call to the ATM requesting user location, ATM device information, and user identification. The mobile computer responds to this call by providing the requested information to the back-end server. Additionally, the mobile computer may have a camera for monitoring user surroundings and a radio signal detection utility for recognizing electronic devices near the ATM.
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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.
