TD Adds Multiple U.S. Patent Assets from IBM to its Technology Portfolio

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August 07, 2020 – Innovation New Jersey, New York and PA

Bank is growing its suite of technology patents to continue building an innovation ecosystem focused on supporting customers’ needs

TD Bank Group (TD) today announced that it has acquired a number of U.S. patent assets from IBM. The patents acquired by TD are directed at foundational check imaging, authentication and insurance technologies. The patents will contribute to the Bank’s innovation ecosystem and support its focus on creating new kinds of digital products and services for its customers. “This agreement reflects our continued focus on innovation,” said Josh Death, Intellectual Property and Patentable Innovations Lead at TD. “We are building on the long-standing relationship between TD and IBM and look forward to future collaborations and business opportunities.”

“IBM has led the annual list of U.S. patent recipients for 27 consecutive years. This agreement with TD recognizes the value of patented IBM inventions and our dedication to innovation. We look forward to a productive relationship with TD,” said William LaFontaine, General Manager, Intellectual Property for IBM.

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About TD Bank, America’s Most Convenient Bank®

TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.

TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.

For more information:

Matthew Doherty
TD Corporate Communications
Matthew.Doherty@td.com
Ph: (856) 533-4305

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