Toronto-Dominion Bank had 69 patents in digitalization during Q3 2023. The Toronto-Dominion Bank has filed patents for various systems and methods related to ambient commerce, user account interactions, multi-applicant account profiles, and predictive context-aware systems. These patents involve technologies such as sensors, processors, memory, and electronic devices. The systems aim to detect engagement with specific items, generate notifications, support data transfers, create multi-applicant account profiles, and provide predictive solutions based on customer behavior. GlobalData’s report on Toronto-Dominion Bank gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Toronto-Dominion Bank grant share with digitalization as a theme is 45% in Q3 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Enabling feature based on a sensed condition at ambient commerce premises (Patent ID: US20230274247A1)

The patent filed by The Toronto-Dominion Bank describes an ambient commerce system. The system includes a sensor at an ambient commerce premises, a processor, and a memory. The processor is programmed to detect engagement of an entity with a first item that meets certain criteria based on the output of the sensor. The system then identifies the entity and determines a resource parameter for the entity based on their account data. If the resource parameter satisfies additional predetermined criteria, a notification is generated on the entity's electronic device.

The claims of the patent provide further details and variations of the ambient commerce system. Claim 2 specifies that engagement of the entity with the first item is detected by monitoring their presence within a geofence for the item, and the notification is generated while the entity remains within the geofence. Claim 3 states that the first predetermined criteria are satisfied if a value parameter for the first item exceeds a defined threshold. Claim 4 states that the criteria are satisfied when a class parameter associated with the first item matches a defined class.

Claim 5 introduces the concept of a resource parameter indicating access to a borrowed resource, and the second predetermined criteria are satisfied when the entity has access to the borrowed resource. Claim 6 states that the resource parameter can also indicate a resource balance, and the second criteria are satisfied when the balance exceeds a threshold. Claim 7 specifies that the threshold can be determined based on the value parameter for the first item.

Claim 8 expands on the instructions for the processor, adding the identification of a second item based on an item mapping database and the first item. The notification generated will then identify the second item. Claim 9 states that the second item can be an alternative to the first item, while claim 10 specifies that it can be an accessory for the first item.

Lastly, claim 11 introduces the use of a gaze detection sensor as the sensor in the ambient commerce system. This sensor can be used to detect engagement of the entity with the first item.

In summary, the patent describes an ambient commerce system that uses sensors, processors, and memory to detect engagement of an entity with a specific item, identify the entity, determine their resource parameter, and generate notifications on their electronic device based on predetermined criteria. The claims provide additional details and variations of the system, including the use of geofences, different criteria for engagement, and the identification of alternative or accessory items.

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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.