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Patents

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.

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April 22, 2015

Headline News from PaymentsNews.com - April 22, 2015

On the Web:

On the Wires:

  • eBay Inc. Reports First Quarter Results - "We had a strong first quarter, with eBay and PayPal off to a good start for the full year," said eBay Inc. President and CEO John Donahoe. "I feel very good about the performance of our teams at eBay and PayPal. Each business is executing well with greater focus and operating discipline as we prepare to separate eBay and PayPal into independent publicly traded companies. We are moving forward with clarity and speed, with a smooth separation expected in the third quarter. We are deeply committed to setting up eBay and PayPal to succeed and to deliver sustainable value to our shareholders."
  • NACHA Announces 2015 Payments System Awards Recipients - “NACHA is proud to recognize New York City CPRS, Verifone and Wells Fargo as recipients of the 2015 Payments System Awards,” said Janet O. Estep, president and CEO of NACHA. “They each have contributed significantly to leadership and excellence in payments by finding innovative ways to evolve their processes and products to meet the needs of a changing industry.”
  • First Data and Sam’s Club Collaborate to Fuel Small Business Growth - “With this expanded agreement, First Data is making a significant commitment to millions of Sam’s Club members who currently operate or are looking to open a business in the U.S.,” said Chris Foskett, Head of Global, Strategic and National Accounts at First Data. “Extending this relationship with Sam’s Club gives us the opportunity to enable more business owners and operators to achieve their dreams.”
  • Wells Fargo Startup Accelerator Taps 3 New Early-Stage Companies - “If a startup can sell its idea to us,” said Steve Ellis, Wells Fargo head of Wholesale Services, “they can sell it to a lot of other banks, which can benefit the entire financial services industry.”
  • OTG and NCR Introduce Tech-enhanced Airport Shopping Experience - “NCR’s consumer transaction technologies enable us to offer our customers more control over their experience,” said OTG CEO Rick Blatstein. “We continue to introduce technologies that our customers are familiar with, such as self-checkout and mobile payment options like Apple Pay, which allow our crew members to spend more time on hospitality.”
  • Open Identity Exchange Launches OIXnet: A Global Registry for Trust Frameworks - “Trusted transactions are the engines of online services,” said Don Thibeau, OIX Chairman and President. “Like an Underwriter Lab’s seal of approval on products, OIXnet is a neutral, open online registry that enables a similar level of trust and discovery at Internet scale for a wide variety of trust frameworks.”
  • Green Dot Awarded New Mobile Patent, Expanding its Patent Library Related to Secure and Geo-Location-Aware Devices - "Green Dot Corporation today announced the issuance of U.S. Patent No. 8,989,778, a patent that is directed to secure and private location sharing for location-aware mobile communication devices."

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 05, 2015

Headline News from PaymentsNews.com - March 5, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 15, 2015

Headline News from PaymentsNews.com - January 15, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

December 23, 2014

Headline News from PaymentsNews.com - December 23, 2014

Holiday Break!

  • It's that time of year again - when we'll be coasting with family and friends and not tending the news wires here at PaymentsNews.com. Hope you have a wonderful holiday season with yours - and we'll see you back here all fresh and ready to go in the New Year!

On the Web:

On the Wires:

  • Unified Patents Establishes a Defensive Patent Zone for Electronic Payments - “Deterring frivolous patent threats while maintaining a healthy patent system is foundational to what Unified provides its members,” said Kevin Jakel, CEO and Founder of Unified Patents. “Now banks, credit card companies, financial institutions and technology providers that participate in the payments system have someone in their corner to deter future NPE activity."
  • Metrics Global, Inc. Enables Apple Pay for Merchants - Wendy M. Yurgo, President and CEO of Metrics Global, says, “Our goal is to provide our merchants with a suite of best-in-class options that enable them to attract, retain and grow their customers. When we can partner with our merchants to help them grow their business while providing them with superior customer service and competitive rates, then we secure our client base as well.”

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 15, 2014

Headline News from PaymentsNews.com - October 15, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 26, 2014

Headline News from PaymentsNews.com - August 26, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 19, 2014

Headline News from PaymentsNews.com - June 19, 2014

On the Web:

On the Wires:

  • First Data Announces $3.5 Billion Private Placement Led By KKR - "The private placement follows the first year of leadership under Chairman and CEO Frank Bisignano, during which the management team of First Data has implemented a comprehensive shift in the company’s vision for the future, corporate culture and client focus, transforming it from a payments processor to a collaborative solutions provider that partners with clients of all sizes."
  • TransUnion Analysis Finds Reporting of Rental Payments Could Benefit Renters in Just One Month - "A new TransUnion analysis found that the reporting of rental payment information to the credit bureaus in a manner similar to other financial obligations could have a positive effect for the majority of subprime consumers' credit."
  • VeriFone Welcomes Karen Austin to Board of Directors - "After joining PG&E as CIO in 2011, where she oversees and directs IT systems and cyber security initiatives that support all of PG&E’s customer touch points, Austin transformed the enterprise into a more nimble and innovative company that leveraged and digitized big data to enhance energy management for both the utility and its customers."
  • FleetCor Awarded Private Label Commercial Card Program Contract with Kwik Trip - "Under the terms of this agreement, FleetCor will partner with Kwik Trip to launch and manage both a Kwik Trip Extended Network Fleet Card and a Kwik Trip Universal Fleet Card."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 06, 2014

Headline News from PaymentsNews.com - March 6, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 06, 2013

Headline News from PaymentsNews.com - 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 W.net 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

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

October 21, 2013

Headline News from PaymentsNews.com - 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

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 28, 2013

Headline News from PaymentsNews.com - August 28, 2013

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 09, 2013

Headline News from PaymentsNews.com - 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!
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 07, 2013

Headline News from PaymentsNews.com - June 7, 2013

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. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

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.

READ MORE »

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."

READ MORE »

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."

READ MORE »

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.

READ MORE »

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."

READ MORE »

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.

READ MORE »

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.

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