SDNY Finds Patent for Processing Financial Transaction Data Invalid Under 101

SDNY Finds Patent for Processing Financial Transaction Data Invalid Under 101

“The service of providing customers a discounted transaction has been ‘common among brick-and-mortar retailers’ and in the past, retailers have provided financial incentives, such as coupons, to customers during purchase…. [T]he ’852 patent simply describes that this conventional business practice may be effected by technology rather than by hand.” Last week, the U.S. District Court…