Apple has won patent no. 8,239,276 for its On-the-go Shopping List App. The app gathers information from other apps, scans barcodes for information, makes comparisons, provides product reviews and includes mapping technology. The patent does not cover all shopping lists, only actually what is done to the list once it has been put together. The scanning done by the device will be completed using a barcode scanner on the back, or using the camera or NFC technology. It seems that the NFC technology will be used for reading product information or for redeeming deals and offers such as coupons, rather than for making payments.
Once the shopping list has been assembled, the app sends the list to a server which makes decisions about the best places to buy the items depending on user variables, such as location and preferences etc. The list is then organised by retailer, and the app can provide a map of the best route to take.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more