Posts Tagged: "foreclosure"

Our featured patent application today discusses the operation of an automatic teller machine, or ATM, that includes a universal serial bus (USB) port. This USB port would enable the ATM to connect to external security devices, such as a fingerprint scanner, to provide authentication. We’ve pulled up two applications that deal with providing targeted shopping offers digitally, one that provides offers while browsing an online store and another that can provide discounts after the purchase has been made. Other patent applications describe a marketplace for exchanging gift cards, as well as a system for vehicle navigation to points of interest along a driving route. The recent additions to Bank of America’s patent portfolio include a number of very interesting new systems designed to help those in economic need. Two issued patents discuss methods of preventing economic loss because of unforeseen circumstances, one that applies to any credit account and the other which can prevent foreclosure proceedings specifically. Mobile banking units for access to financial accounts during catastrophes are prevented in another patent. Another issued patent provides for a financial product referred to as “goal insurance,” designed to motivate policy holders to achieve defined goals.