The U.S. District Court for the Southern District of New York recently invalidated Western Express Bancshares, LLC’s (Western Express) U.S. Patent No. 8,498,932 relating to a method of transferring funds through a bankcard. This decision was the result of a motion to dismiss a patent infringement action brought by Western Express against Green Dot Corporation
Lisa A. Chiarini
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MIAX keeps stocking up the wins against Nasdaq in Fintech patent battle
Within two weeks, Miami International Holding Inc. and its subsidiaries (MIAX) have attained five victories before the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office.
The PTAB declared that five Nasdaq patents (U.S. Patent Nos. 6,618,707, 7,246,093, 7,921,051, 7,747,506, and 8,386,371), related to electronic securities trading systems, are invalid under…