The US Court of Appeals for the Federal Circuit found claims directed to using data from a check to credit a merchant’s account before scanning the check to be subject matter ineligible under 35 USC § ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ReD has launched ReD eCheck, a complete check imaging solution for ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Some businesses may fall into specific industry ...

After a 10 day jury trial, a jury found U.S. Bancorp liable for almost $3.3 million in damages for infringing upon a patent covering check-processing technology owned by Solutran, Inc. (”Solutran”).

“[W]e have previously explained that merely reciting an abstract idea by itself in a claim—even if the idea is novel and non-obvious—is not enough to save it from ineligibility.” – Judge Chen, Federal ...

Integrating payment solutions has become essential for every business (big or small) in today’s dynamic digital-based economy. In fact, merchant payment processing is a piece of this puzzle that gives ...

As the central bank for the United States, Congress has given the Fed an important role in the nation’s payment system.1 Processing and clearing checks has long been a key part of the operating side ...

Despite the best efforts of card-industry backers, checks are not going away. Americans wrote 30.6 billion checks for a value of $41.7 trillion in 2006, the most recent figure available from the ...

When it comes to paying for their groceries, consumers still like to whip out their checkbooks. According to a study released by the Food Marketing Institute, Washington, in 2000, checks made up 33% ...

The merchant industry encompasses financial services for businesses, and most often refers to processing services that allow merchants to accept transactions through credit and debit cards, as well as ...

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