Capital One Financial had 17 patents in social media during Q4 2023. Capital One Financial Corp’s patents in Q4 2023 focus on innovative technologies such as demand-equilibrium-based pricing, automated payment splitting, user authentication based on known data, context-aware caller identification, and automated natural dialogue with customers. These patents showcase the company’s commitment to leveraging advanced technologies to enhance user experience and streamline financial processes. 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 social media as a theme is 52% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Demand equilibrium based pricing (Patent ID: US20230419375A1)

The patent filed by Capital One Financial Corp. relates to demand-equilibrium-based pricing, where transaction data from a merchant is used to create a pricing model that adjusts item prices based on the time of day and transaction rate. The system involves requesting historical transaction data, computing transaction rates, generating a pricing model, determining current transaction rates, and updating pricing schedules to achieve a target transaction rate. The method includes machine learning models, variance constraints, minimum/maximum price limits, continuous pricing updates, and implementation through digital displays.

The system and method outlined in the patent aim to optimize pricing strategies for merchants based on transaction data and real-time rates. By utilizing historical data and machine learning models, the system can adjust prices dynamically to achieve a target transaction rate. Constraints such as variance limits and price boundaries ensure pricing adjustments remain within predetermined parameters. Additionally, the method includes features like continuous updates, digital display implementation, customer notifications based on pricing changes, and integration with delivery service applications for a comprehensive pricing strategy tailored to each merchant's business needs.

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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.