A Thing
The Green SheetGreen Sheet

Tuesday, December 14, 2010

MoneyGram's patent appeal successful

MoneyGram International said it won an appeal that negates a $16.5 million patent infringement verdict initially awarded to The Western Union Co. According to MoneyGram, the ruling overturned a 2009 judgment won by Western Union that ruled certain MoneyGram processes relating to how mobile phone-based transactions were sent without the use of "written send forms" infringed on Western Union's patents.

The ruling made by an appellate court at the U.S. Court of Appeals for the Federal Court found that on the "grounds of obviousness" that Western Union's claims in its patent infringement lawsuit were invalid, MoneyGram said.

The part of MoneyGram's mobile money transfer process under question apparently eliminates paperwork and reduces customer service desk wait time by allowing phone users to complete transactions by phone in the user's native language. end of article

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

Facebook
Twitter
LinkedIn
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
A Thing