Posts in Banking and Finance


Goldman Sachs increasing interest in blockchain, develops distributed ledger tech

The concept of the central clearing house in financial systems could be completely obviated with the use of blockchain. Blockchain is a distributed database system that decentralizes …
By Steve Brachmann
1 year ago 0

What’s the big deal: Big data in the financial services sector

Customers, myself included, are used to the customer-centric technologies experienced in other 'digitized' sectors like publishing or music - these have had to adapt to the digital …
By Jonathan Emmanuel
1 year ago 0

Square fights off Alice rejection on payment transfer patent proving financial patents are not dead

U.S. Patent No. 9378491, entitled Payment Transfer by Sending E-mail. This discloses a computer-implemented method which enables the seamless initiation of a payment transfer through e-mail from …
By Steve Brachmann
1 year ago 1

Apple Patent Apps: From Head-Mounted Virtual Reality to Wireless Smoke Detection

It looks like Apple is looking to edge into the mobile virtual reality market dominated by Samsung’s Gear VR with the technology outlined by U.S. …
By Steve Brachmann
2 years ago 0

American innovation has been fueled by immigrant inventors

Without immigrants and the influx of knowledge brought by them to our country’s shores, American innovation and the overall economy would look nothing like it does …
By Steve Brachmann
2 years ago 2

The Top 10 Patent Applications of 2015

Innovation in the automotive sector was a huge story, both for the types of technologies being developed and the companies pursuing the R&D in that field. …
By Steve Brachmann
2 years ago 0

BoA innovations cover security for financial transactions, wearable payment devices, cryptocurrency

Many of the patents we noticed in our recent survey of BofA technologies are related to enhanced security methods for financial transactions, such as the innovation protected …
By Steve Brachmann
2 years ago 1

The Top 10 Patents Issued in 2015

2015 was a truly remarkable year for innovation and we saw major trends in self-driving cars, wearable technologies, digital wallets and much more. I hope you will enjoy …
By Steve Brachmann
2 years ago 5

Samsung enters self-driving car market, Musk’s Hyperloop and Bloomberg big data initiative

Yet another tech developer known for consumer electronics is getting into the autonomous vehicle market, a sign that we can continue to expect disruption for the conventional …
By Steve Brachmann
2 years ago 2

Banks playing patent catch-up with tech companies on digital wallets, payment platforms

Mobile payment schemes and digital wallets have been a major topic of discussion in tech circles this year. In early December, Walmart (NYSE:WMT) became the first …
By Steve Brachmann
2 years ago 1

Digital wallet race heats up between Apple, Google and Samsung

The model for implementing digital wallets has largely relied upon what is known as the four-corner payment model by incorporating the use of payment cards, such as …
By Steve Brachmann
2 years ago 0

Mastercard holds largest patent portfolio in EMV payment space

EMV utilizes a computer chip implanted into a card to interact with a card reader at the point-of-sale in retail establishments. The technology is much more secure …
By Steve Brachmann
2 years ago 1

In the face of growing e-commerce fraud, many merchants not prepared for holidays

As card-present transactions become less susceptible to fraud because of the shift to EMV chip card technologies, it’s expected that more fraud will shift to online …
By Steve Brachmann
2 years ago 0

Businesses must switch to EMV card readers to avoid shift in fraud liability

By the end of 2015, about 40% of all credit and debit card transactions will use EMV cards. To process payments on EMV cards, businesses must upgrade to new …
By Steve Brachmann
2 years ago 1

Bank of America patents mobile banking programs and video ATM terminals

Mobile devices were the subject of a pair of recently issued Bank of America patents recently. It was at least a little intriguing, however, that the invention …
By Steve Brachmann
3 years ago 0