Toronto-Dominion Bank‘s patent involves a system that allows for secure data transfers between different data records based on specific conditions. The system can obtain contextual data from computing devices, determine if transfer conditions are met, and execute the transfer accordingly. GlobalData’s report on Toronto-Dominion Bank gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Toronto-Dominion Bank, Blockchain-based gaming platforms was a key innovation area identified from patents. Toronto-Dominion Bank's grant share as of February 2024 was 86%. Grant share is based on the ratio of number of grants to total number of patents.

Conditional data transfer between two computing devices

Source: United States Patent and Trademark Office (USPTO). Credit: The Toronto-Dominion Bank

A recently granted patent (Publication Number: US11928351B2) discloses a system that involves a communications module, a processor, and a memory storing processor-executable instructions. These instructions configure the processor to receive a transfer instruction from a first computing device, obtain contextual data from a second computing device, determine if the condition associated with the transfer has been met based on the contextual data, and effect the transfer of data between data records accordingly. The system can hold the data in the first record until the transfer is completed and can involve conditions related to mood, location, weather, biometric data, or even challenges defined within a mobile application.

Furthermore, the patent includes a method and a computer-readable storage medium storing instructions that enable a computing system to receive transfer instructions, obtain contextual data, determine condition satisfaction, and effect data transfer. The method may involve holding data until the transfer is completed, conditions related to mood or location data, and scenarios where the transfer value depends on the satisfaction of specific conditions. The storage medium allows for the execution of these instructions by a processor to facilitate the seamless transfer of data between records based on predefined conditions and contextual data obtained from different computing devices.

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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.