Tencent America Accused of Patent Infringement
shot by IP News Shots / 10:30 am on 12 May, 2021
Tencent America LLC has been accused of infringing on a patent belonging to AML IP LLC with a lawsuit filed at the US District Court for the Southern District of New York in the same regard. The plaintiff has accused Tencent of infringing on a patent relating to apparatuses and methods for conducting e-commerce and seeks a declaratory judgement, royalties, block on further infringement and attorney’s fees and costs.
Read More at: https://lawstreetmedia.com/tech/tencent-america-sued-for-infringement-of-e-commerce-patent/
Industry: Banking/Financial Services, Entertainment
Square Triumphs at PTAB as Board Axes AnywhereCommerce’s Patent
shot by IP News Shots / 5:18 pm on 29 April, 2021
The Patent Trial and Appeal Board (PTAB) invalidated a mobile pay patent belonging to Canada Inc. (AnywhereCommerce) on challenge by Square Inc. The board agreed with Square’s argument of invalidity based on obviousness and found the patent unpatentable as asserted by the challenger.
Read More at: https://www.law360.com/ip/articles/1379543/ptab-nixes-mobile-pay-patent-that-square-allegedly-infringed
Industry: Banking/Financial Services
BitPay a Part of COPA Now
shot by IP News Shots / 5:43 pm on 15 April, 2021
It has been announced that BitPay will now be a part of the shared patent library Crypto Open Patent Alliance (COPA). As part of the alliance, the bitcoin payment services company will share open-source projects and will have access to the shared patent library.
Read More at: https://www.finextra.com/pressarticle/87121/bitpay-joins-square-founded-crypto-patent-effort
Industry: Banking/Financial Services
PTAB Rules in Favor of Square by Invalidating Rival’s Patents
shot by IP News Shots / 6:08 pm on 30 March, 2021
The Patent Trial and Appeal Board (PTAB) has awarded a win to Square Inc. as it axed two mobile payment patents belonging to AnywhereCommerce Inc. The board found the patents in question to be obvious based on prior patents and applications. The patents invalidated by the board were the same as the ones Square was accused of infringing upon by AnywhereCommerce.
Read More at: https://www.law360.com/articles/1369318/square-gets-ptab-to-ax-patents-of-rival-that-called-it-bully-
Industry: Banking/Financial Services, Consumer Electronics
Initial Findings by ITC Clear Samsung of Patent Infringement Allegations
shot by IP News Shots / 6:29 pm on 17 March, 2021
Samsung Electronics Co., Ltd. has been cleared of patent infringement charges after an initial investigation by a judge of the US International Trade Commission (ITC). The ITC judge found that Samsung did not infringe on patents belonging to Dynamics Inc. for cards with emulators enabling transfer of information to magnetic strip readers. The final ruling is, however, subject to review by the full commission.
Read More at: https://news.bloombergtax.com/international-trade/samsung-wins-first-round-in-trade-case-over-payment-patents
Industry: Banking/Financial Services, Wireless Communication
Wells Fargo Agrees to Settle Patent Litigation Brought by USAA
shot by IP News Shots / 7:51 pm on 17 February, 2021
A patent infringement lawsuit worth $300 million brought by the United States Automobile Association (USAA) against Wells Fargo & Co. for infringement of patents relating to technology for check deposit through mobiles has been settled. Wells Fargo agreed to a settlement after it was found guilty of infringing on the asserted patents by the US District Court for the Eastern District of Texas.
Read More at: https://www.law360.com/articles/1355338/usaa-wells-fargo-reach-settlement-in-300m-patent-case
Industry: Banking/Financial Services