Royal Bank of Canada had 19 patents in digitalization during Q3 2023. The Royal Bank of Canada has filed a patent for a computer system and method that allows for the automatic population of electronic payment credentials. The system involves a browser extension activation input, which sends a payment details request message to a financial institution system. After authentication on a mobile device, payment details are received from the financial institution system and used to populate a payment form on the browser. The system also incorporates dynamic credentials from the financial institution system, which are combined with pre-populated tokenized credentials for seamless entry into the payment form. GlobalData’s report on Royal Bank of Canada gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Royal Bank of Canada grant share with digitalization as a theme is 63% in Q3 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: System and method for secure web service access control (Patent ID: US20230252463A1)

The patent filed by the Royal Bank of Canada describes a computer system and method for populating electronic payment credentials. The system includes a processor and memory that store instructions for executing the method. The method involves receiving a browser extension activation input, sending a payment details request message to a financial institution system, receiving payment details from the financial institution system after authentication on a mobile device, and populating a payment form on the browser using the payment details. The financial institution system provides dynamic credentials that are combined with pre-populated tokenized credentials for automatic entry into the payment form.

The claims of the patent describe a system for generating a graphical user interface overlay to render a hybrid web page in conjunction with a browser rendering engine. The system includes a computer processor and memory. The processor is configured to receive a tokenized version of payment credential information from a backend server, intercept webpage rendering inputs or outputs from the browser rendering engine, determine a checkout state, render the graphical user interface overlay on a merchant webpage, transmit a payment request message to the backend server for dynamic payment credentials, and insert payment fields based on a combination of the tokenized version and dynamic payment credentials into the hybrid webpage.

The method for generating the graphical user interface overlay involves receiving the tokenized version of payment credential information from the backend server, intercepting webpage rendering inputs or outputs, determining a checkout state, rendering the graphical user interface overlay on a merchant webpage, transmitting a payment request message to the backend server for dynamic payment credentials, and inserting payment fields based on a combination of the tokenized version and dynamic payment credentials into the hybrid webpage.

Overall, the patent describes a computer system and method that allows for the automatic population of electronic payment credentials in a browser using dynamic credentials provided by a financial institution system. The system generates a graphical user interface overlay to facilitate the selection and entry of payment credentials during the checkout process on a merchant webpage. The method involves authentication on a mobile device and the combination of tokenized and dynamic payment credentials for secure and convenient payment entry.

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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.