Given the rise of mobile banking services and the associated cybersecurity risks, Bank of America wants to come up with more innovative banking methodologies. BofA has apparently filed new
patents in order to come up with next generation solutions, as reported by IP WatchDog. Here are some of the relevant patents: One of the patents is related to personal security and involves a
method which is intended to provide smartphone owners and other mobile device users with an augmented reality service for identifying unwanted home intrusions, and offer them options for contacting
authorities. An enhanced treasury management system which is optimized for small electronic devices like smartphones, which have limited screen sizes. A system that allows a consumer to utilize funds
associated with multiple gift cards using a single payment method through an associated user account.
Read the whole story at Let's Talk Payments »