Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:


Welcome to the News View for "Patents".

Here, on these archive pages, you'll find all of the articles on Payments News for Patents listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

Subscribe to Payments News!

March 06, 2014

Headline News from - March 6, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

November 06, 2013

Headline News from - November 6, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

October 21, 2013

Headline News from - October 21, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

August 28, 2013

Headline News from - August 28, 2013

On the web:

On the wires:

Updates from Glenbrook:

July 09, 2013

Headline News from - July 9, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
  • Follow Glenbrook Partners on LinkedIn! -

June 07, 2013

Headline News from - June 7, 2013

On the web:

On the wires:

May 07, 2013

Headline News - May 7, 2013

On Twitter:

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

February 24, 2009

Chase Receives Patent for Fraud Protection Invention

Chase Card Services has announced that it recently received a patent (US 7,480,631) from the United States Patent Office for its fraud prevention technology, First Watch Intelligence. READ MORE »

November 11, 2008

The Litigation of Financial Innovations

Josh Lerner, the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, has published a working paper titled "The Litigation of Financial Innovations" that examines the litigation of patents relating to financial products and services which he finds are litigated at a much higher rate than that of patents as a whole.

November 10, 2008

Prospects re Business Process Patents in Financial Services

Broox Peterson writes on his Payments Industry Regulation blog about the recent United States Court of Appeals for the Federal Circuit decision in the Bilski case that "snugged up the standards for patent eligibility of business processes and methods that had been loosened by its 1998 decision in State Street Bank & Trust vs. Signature Financial Corp." Broox notes: "The ultimate impact of In re: Bilski on the future of patents in the financial and payments industries is not clear yet, but it is important that the decision did not reject the patentability of business processes or software altogether."

June 15, 2008

Business Method Patents and U.S. Financial Services

The Payment Cards Center of the Federal Reserve Bank of Philadelphia has published a Working Paper by Robert M. Hunt titled "Business Method Patents and U.S. Financial Services" icon_PDF_small.gif. READ MORE »

February 14, 2008

US Lawmakers Move to Grant Banks Immunity Against Patent Lawsuit

Jeffrey Birnbaum writes for the Washington Post about legislation that is pending in the US Senate that would "prevent a small Texas company called DataTreasury from collecting damages from banks for infringing on its patented method for digitally scanning, sending and archiving checks."

December 28, 2007

Sony Awarded US Patent 7,311,246 for Electronic Value Exchange

A Japanese inventor, Shigeru Arisawa of Tokyo, was issued US patent 7,311,246 on Dec. 25 for a "method and system of transmitting electronic value information between terminals." The patent has been assigned to Sony Corporation.


September 18, 2007

Business Method Patents for U.S. Financial Services

The Federal Reserve Bank of Philadelphia has published two working papers related to patents and financial services. The first is titled "Business Method Patents for U.S. Financial Services" (PDF) by Robert M. Hunt and the second is titled "Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area" (PDF) by Robert M. Hunt, Samuli Simojoki, and Tuomas Takalo.

September 02, 2007

SMS Text Message Payment Patent Application

Bill Slawski writes on his SEO by the Sea blog about a US patent application (20070203836) filed on February 28, 2006 that was published this past Thursday. The patent application is titled "Text Message Payment" and Slawski says was filed by Google and inventor Ramy Dodin. A PDF of the patent application (including diagrams) is available at PatentFetcher.

August 30, 2007

Annals of Payments and Patents

Brent Bowers reports for the New York Times on the recent decision in a patent litigation case between AdvanceMe and AmeriMerchant. In its decision in the case, the court found the patent to be invalid because it was "obvious and anticipated." AmeriMerchant's David Goldin is profiled in Bowers' article. Goldin also has his own blog - called the "Merchant Cash Advance Blog" where he provides more background on the litigation.

June 18, 2007

NetDeposit Awarded Two Patents for Electronic Check Processes

NetDeposit has announced "it has been awarded two new patents, Nos. 7,181,430 and 7,216,106, from the United States Patent and Trademark Office (USPTO) for the processes and technologies involved in remote electronic presentment of all types of checks. The patents cover NetDeposit's array of software products and services, which enable electronic check presentment and payment."


May 24, 2007

Google's Patent Search

We're fans of Google's Patent search service and its fast and easy searches of issued US patents. Google recently added a "Download PDF" option to the service that allows you to quickly save a copy of a patent that you've found of interest. Here's an example: US Patent 6,341,724 titled "Cardless Payment System".

March 21, 2007

First Data Licenses PrivaSys Patents

First Data Corp and PrivaSys have announced a "long-term licensing agreement that sets the stage for First Data to become a clear leader in the processing of contactless and other emerging payments for its clients - both financial institutions and merchants - around the world."


March 19, 2007

Evolution Benefits Receives Patent for Auto-Substantiation of Benefits

Evolution Benefits has announced that is has been granted a patent for its technology used in the substantiation of health benefits debit card transactions. The company’s patent, U.S. Patent 7,174,302 titled “System and Method for Processing Flexible Spending Account Transactions,” refers to the system and method EB developed for real time substantiation of card transactions prior to authorizing payment.


January 23, 2007

Diebold Licenses DataTreasury's Financial Transaction Patents

DataTreasury Corporation has announced a worldwide licensing agreement with Diebold for the use of four of the company's financial transaction patents relating to "technologies involved in the electronic processing of checks and other financial instruments and include claims related to the capture, transmission, encryption, storing and retrieval of electronic images generated from these types of documents."


November 02, 2006

IBM Receives Patent For Secure Credit Card With Near Field Communications

IBM has been awarded US patent number 7,128,274 titled "Secure credit card with near field communications" (PDF). The patent was filed by inventors Edward E. Kelley and Franco Motika.


August 11, 2006

Financial Service Firms Busy With Patents

Julie Creswell writes for the New York Times about activity at many banks and financial services firms to patent various financial processes and technologies.

June 30, 2006

Trolling With Business Method Patents – Glory Days Ending?

In the following article, attorney Broox Peterson takes a look at business method patents - which have been particularly important to the payments industry - and a recent US Supreme Court decision to hear an appeal of a business method patent case that could be bad news for so-called "patent trolls".


May 18, 2006

Optimizing Patents and IP in Financial Products & Services

The American Conference Institute has announced an upcoming conference being held in New York City on June 6-7 titled "The National Forum on Optimizing Patents and IP in Financial Products & Services".

April 20, 2006

Yahoo! Receives P2P Money Exchange Patent

Yahoo! has been issued US Patent No. 7,031,939 for "systems and methods for implementing person-to-person money exchange" based upon a filing dated August 15, 2000.


March 23, 2006

Entrust Sues Addison Avenue Federal Credit Union Over Patent

Entrust has announced filing a patent infringement lawsuit against Palo Alto-based Addison Avenue Federal Credit Union related to an authentication solution for the credit union is using with its customers which Entrust considers an infringement on its grid authentication patent.


March 20, 2006

'Patent Trolls' Are Saviors To Some Inventors

Jeff Nesmith writes for the Cox News Service about companies like Acacia Research who pursue patent infringement claims on behalf of some small inventors. One of the Nesmith's examples is Paul Ware, inventor of U.S. Patent No. 4,707,592, issued Nov. 17, 1987: "A financial card transaction system for protecting the financial transactions against fraud.''


August 17, 2005 Settles Patent Lawsuits

China Martens reports for the IDG News Service that will pay $40 million to Soverain Software "to settle two lawsuits alleging patent infringement."

February 07, 2005

Keeping Patent Applications Secret

Patent attorney Dennis Crouch blogs about a strategy some financial services firm utilize to prevent publication of their patent applications.

Financial institutions have a history of being quite secretive in their practices.  In one sense, this practice stops with the emergence of the patentability option.  In order to obtain a patent, an inventor must publicly disclose the details of the invention.  However, many institutions are opting to request that at least the patent application be left unpublished in order to maintain secrecy of the patent until the date the patent is issued (if ever).

Payments News on Facebook
Glenbrook Partners

ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  • To send us news that you'd like us to cover on Payments News, email us:

Compilation Copyright © 2002 - 2014 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates