Toronto-Dominion Bank had 28 patents in ecommerce during Q1 2024. The Toronto-Dominion Bank has filed patents for methods involving connecting data records with social networking accounts to generate personal preference profiles and provide product recommendations based on social media data. Another patent involves creating service object instances, identifying related instances based on time and location, and displaying an interactive map interface showing geographical areas and service object instances. GlobalData’s report on Toronto-Dominion Bank gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Toronto-Dominion Bank grant share with ecommerce as a theme is 67% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Systems and methods for providing product recommendations (Patent ID: US20240086992A1)

The patent filed by The Toronto-Dominion Bank describes a processor-implemented method that involves connecting a data record associated with a value transfer card to a social networking account, generating a personal preference profile based on social media data, obtaining product data from third-party affiliate entities, and generating product recommendations based on the personal preference profile. The method aims to provide personalized product offers to users based on their social media activity and preferences.

The computing system described in the patent includes a processor and memory storing instructions for transmitting requests for social media data, generating product preference profiles, obtaining product data from third-party entities, and providing product recommendations to clients. The system utilizes social media data to create personalized product preferences, filters product data based on these preferences, and presents product offers to users. By leveraging social media information and historical transaction data, the system aims to enhance the user experience by offering tailored product recommendations and comparison views.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

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.