Capital One Financial‘s patented system uses web browser plugins to track user clicks on merchant websites, matching data to transactions. If a match is found, relevant merchant information is displayed in a dynamic GUI. GlobalData’s report on Capital One Financial gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Capital One Financial, Virtual banking assistant was a key innovation area identified from patents. Capital One Financial's grant share as of January 2024 was 53%. Grant share is based on the ratio of number of grants to total number of patents.

Dynamic gui display based on user transaction data

Source: United States Patent and Trademark Office (USPTO). Credit: Capital One Financial Corp

A recently granted patent (Publication Number: US11886417B2) outlines a system that involves processors and memory to execute instructions for various functions. These functions include receiving timestamps, user identification data, and transaction data related to merchant websites via a web browser plugin on a user device. The system then compares timestamps, user identification data, and merchant names to determine matches and mismatches, transmitting relevant information to the user device for display in a dynamic graphical user interface (GUI). Additionally, the system can classify transactions, update GUIs with card-on-file indications, and generate or update account statements based on the identified data.

Furthermore, the system detailed in the patent involves processes for determining time thresholds, user identification data formats, and database storage of relevant information. It also includes steps for matching merchant names beyond predetermined thresholds and updating account statements accordingly. The system aims to streamline user experiences by providing accurate and relevant information based on user interactions with merchant websites, ensuring that displayed information in the GUI is tailored to the user's browsing and transaction history. The patent emphasizes the importance of matching merchant names, timestamps, and user identification data to enhance the user's understanding of their online transactions and interactions.

To know more about GlobalData’s detailed insights on Capital One Financial, buy the report here.

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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.