Walmart had six patents in regtech during Q2 2024. Walmart Inc’s patent filed in Q2 2024 describes an identification validation system and method for age-restricted items. The system prompts users to verify their age using biometric data captured by their mobile device after a purchase is complete, ensuring compliance with age restrictions. GlobalData’s report on Walmart gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Walmart had no grants in regtech as a theme in Q2 2024.
Recent Patents
Application: Validating identification of a user for purchase of age-restricted items (Patent ID: US20240212014A1)
The patent filed by Walmart Inc. describes an identification validation system and method that involves verifying a user's age when purchasing age-restricted items. The system prompts users to enable an age validation feature on their mobile wallet application, captures biometric data using the mobile device's camera, and compares it to verify the user's identity. The method includes generating a scannable age validation code for completing the purchase and analyzing the confidence level of the biometric match based on stored data.
Furthermore, the system allows for various biometric data inputs such as fingerprint sensors, retinal scanners, and microphones to enhance identity verification. The level of restriction for age-restricted items varies based on factors like age limits, health impacts, and legal consequences. Additionally, the system monitors purchase history to detect fraudulent activities and can disable the age validation feature in response to suspicious behavior, ensuring secure transactions.
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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.
