Macquarie Group has been granted a patent for a method involving transportation requests from a passenger to a driver, where authorization is based on associated accounts. The system provides navigational information to the driver and notifications to both the passenger and authorizing user based on fulfillment status. GlobalData’s report on Macquarie Group gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Macquarie Group, was a key innovation area identified from patents. Macquarie Group's grant share as of May 2024 was 60%. Grant share is based on the ratio of number of grants to total number of patents.

Transportation service authorization and fulfillment system

Source: United States Patent and Trademark Office (USPTO). Credit: Macquarie Group Ltd

A recently granted patent (Publication Number: US11972370B2) outlines a method and system for managing transportation requests between passengers and drivers. The method involves receiving transportation requests from an authorizing user's device, determining authorization based on account associations, providing navigational information to drivers, and updating users on fulfillment status. Notifications are sent to both the authorizing user and passenger devices based on the current location match between driver and passenger. Additional features include identifying payment methods, providing driver information, estimated arrival times, and notifications for ride start and completion.

The system, as described in the patent, includes processors and computer-readable storage mediums to execute the transportation management process. It involves receiving, authorizing, and providing navigational information to drivers based on account associations. The system tracks fulfillment status by monitoring driver-passenger location matches and sends notifications to the authorizing user and passenger devices accordingly. Additional functionalities include determining driver locations, estimated arrival times, providing driver information, and processing payments for completed transportation requests. The patent aims to streamline the transportation process by integrating user interfaces, location tracking, and notifications to enhance the overall user experience during ridesharing services.

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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.