Capital One Financial had 19 patents in internet of things during Q4 2023. Capital One Financial Corp’s patents in Q4 2023 focus on user assistance in transaction validation, user authentication and fraud detection at card readers, data transformation for chatbot training, and intelligent alerting based on user data and activity status. These innovations aim to enhance user experience, security, and efficiency in financial transactions. GlobalData’s report on Capital One Financial gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Capital One Financial grant share with internet of things as a theme is 42% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Audible transaction verification with an assistance device (Patent ID: US20230419949A1)

The patent filed by Capital One Financial Corp. describes a system and method for assisting users in validating transactions on payment terminals. The system involves automatically detecting a payment terminal, determining the transaction amount, generating audio of the amount using a text-to-speech converter, and playing the audio on a wearable user assistance device. The system can establish wireless communication with the payment terminal, analyze transaction information to suggest whether to accept or reject the transaction, and use computer vision analysis or optical character recognition to enhance the validation process.

The method outlined in the patent involves detecting a payment terminal through wireless signals, establishing communication with the terminal, generating an audio version of the transaction amount, and playing it on a wearable user assistance device. Additionally, the method includes analyzing the transaction amount, providing recommendations for acceptance or denial, and triggering the playing of an audio representation of the recommendation on the user assistance device. This innovative system and method aim to improve the transaction validation process for users by providing audio feedback and guidance through wearable devices, ultimately enhancing the overall user experience and security during transactions at point of sale locations.

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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.