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…

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UK Regulators Investigating AMD-Xilinx Transaction

The UK Secretary of State for Digital, Culture, Media and Sport on Monday began to probe AMD’s proposal to acquire Xilinx for $35 billion. The CMA launched an inquiry inviting interested parties to notify it if the potential transaction can negatively impact UK’s consumers or businesses. The deadline for the first phase of the investigation is July 6,…