Truist Financial’s patented system allows users to access facilities using their mobile devices. The system communicates with reader devices at the facility, creating readable access codes for different types of readers. Upon successful communication, the system grants physical access. GlobalData’s report on Truist Financial gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
According to GlobalData’s company profile on Truist Financial, was a key innovation area identified from patents. Truist Financial's grant share as of May 2024 was 70%. Grant share is based on the ratio of number of grants to total number of patents.
System for granting user physical access to facility via mobile device
A newly granted patent (Publication Number: US12002315B2) outlines a system designed to grant users physical access to facilities using their mobile devices. The system involves a processor, communication interface, and memory device that work together to receive user data, process access requests, and transmit readable access codes to the user's mobile device. These codes are then used to unlock mechanical locking mechanisms at access control points within the facility, allowing approved users to gain entry. The system also includes features such as creating different types of access codes, receiving virtual identifications, and determining the appropriate access code based on the location and type of reader device.
Furthermore, the patent details a method for granting physical access to facilities, which involves receiving user data, transmitting access requests, and creating readable access codes for different types of reader devices. The method also includes steps for receiving virtual identities, determining the correct access code, and unlocking the mechanical locking mechanisms at access control points. Additionally, the method covers scenarios where multiple access points with different reader devices are present, ensuring that the system can accommodate various access requirements within the facility. Overall, the patent highlights a sophisticated system that leverages mobile technology and secure access protocols to streamline and enhance the physical access control process for users.
To know more about GlobalData’s detailed insights on Truist Financial, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
