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In FinTech, The Race for Patents

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“As noted on IPwatchdog.com, some of the marquee names in tech are snapping up patents that might help shape the course of financial services moving forward” reports pymnts.com. And, according to Cipher, a data insights firm based in the United Kingdom, in FinTech, the patent race is one that is seeing some clear winners, among them large tech firms, with traditional banks trailing.IBM has just under 24,000 FinTech patents in its roster.That company had more than 2,500 patents granted and pending last year.Of those, nearly 1,000 patent “families” were tied…

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Network equipment maker Arista will pay $400M to settle Cisco’s IP infringement lawsuits and will drop its own antitrust countersuit

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“Cisco sued Arista in 2014, alleging it brazenly copied software that runs switching products and other technology protected by patents and copyrights” writes Min Read for reuters.com. Cisco denied the allegations in court filings, saying it never encouraged Arista to adopt its technology and that it acted reasonably in suing for copyright infringement. Source: reuters.com Share This:

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Futures News 

Apple won’t make a touchscreen MacBook, but a virtual keyboard might be coming

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“Three recently filed Apple patents show an expansion of the Touch Bar idea, including a fully customizable virtual keyboard, touch surfaces on the sides of a traditional keyboard, and more” writes Jake Krol for mashable.com. All of these new patents call back to older ones, which show earlier takes on the idea of a touch keyboard. Source: mashable.com Share This:

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Apple ordered to pay $145M in damages for patent infringement

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“Apple must pay Canadian patent licensing company WiLan Inc $145.1 million in damages for patent infringement, a California jury ruled Wednesday” reports cnet.com. The jury said that some iPhone models of infringed two WiLan wireless communications technology patents, according to Reuters. Apple settled a long-running patent dispute with Samsung last June in a case that went all the way to the Supreme Court.This is second time the companies have met in court — Apple was found not guilty of infringing on other WiLan wireless networking technology patents in October 2013, 9to5Mac…

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Apple must pay $145.1 million for infringing on patents

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“Apple has been ordered to pay out $145.1 million in damages for infringing on patents held by the Canadian patent licensing company WiLan” writes Luke Dormehl for cultofmac.com. A federal jury in San Diego, California ruled that the iPhone infringed on two WiLan patents.As the biggest tech company in the world, Apple has long been a top target for patent lawsuits.These “8,457,145” and “8,537,757” patents relate to wireless communications tech — specifically bandwidth request protocols in a wireless communication system and adaptive call admission control.However, since then it has shifted…

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awarded International Business Machines Corp. $83.5 million

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“We continue to believe that we do not infringe on any valid IBM patents,” he said” writes Christopher Yasiejko for bloomberg.com. LLC, LinkedIn and Twitter — asked that information related to their prior IBM patent deals not be made public.A U.S. jury awarded International Business Machines Corp. $82.5 million after finding that Groupon Inc. infringed four of its e-commerce patents.Midway through their first full day of deliberations in Wilmington, Delaware, jurors sided with IBM, finding that Groupon infringed the patents intentionally. Source: bloomberg.com Share This:

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IBM wins $83M from Groupon in internet patent fight

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“(Reuters) – A U.S. jury on Friday awarded International Business Machines Corp (IBM.N) $83 million in a patent dispute with e-commerce company Groupon Inc (GRPN.O)” writes Min Read for reuters.com. IBM had sought $167 million in damages, saying it developed widely licensed technology crucial to the development of the internet.Groupon argued that some of IBM’s patents should not have been granted because they describe obvious ideas, and said the computing company’s damages request was unreasonable.An IBM licensing executive testified that Amazon Inc (AMZN.O), Facebook Inc (FB.O), Alphabet Inc’s Google (GOOGL.O),…

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U.S. court rejects Allergan bid to shield patents through tribe deal

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“(Reuters) – A U.S. appeals court on Friday rejected a novel strategy adopted by drug company Allergan PLC to shield patents from review by an administrative court by transferring them to a Native American tribe” writes Midwest Communications Inc for 95kqds.com. The company in September 2017 transferred the patents to New York’s Saint Regis Mohawk Tribe, claiming the tribe’s sovereign status meant the patents were immune from administrative review.The tribe took legal ownership of the patents and licensed them back to Allergan in exchange for ongoing payments.After announcing the deal,…

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Crypto News 

Barclays Eyes Blockchain For Fund Transfers, KYC

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“One describes a blockchain platform to accelerate cryptocurrency transfers, while the other describes a blockchain solution to streamline Know Your Customer (KYC) processes” reports pymnts.com. In 2016, the bank said it completed its first successful test of using blockchain to fulfill a trade finance transaction.Both applications relate to application of blockchain technology.Barclays’ patent filings follow only a few days after American Express (Amex)  filed its latest blockchain-related patent application. Source: pymnts.com Share This:

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At patent trial, Groupon casts IBM as shaking down other tech companies

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“If a patent troll wants to buy a patent from us then we insist on a covenant not to sue IBM,” McBride said” reports businessinsider.com. But Groupon is defending itself by trying to portray IBM as using outdated patents to squeeze money out of other tech companies with threats of litigation.”IBM has approached every significant company in the web technology space asserting patents against them,” Groupon lawyer J. David Hadden said during cross-examination of IBM licensing executive Thomas McBride in federal court.IBM is suing Groupon for $167 million, accusing it…

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