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 ...

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”).

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% ...

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 ...

“[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 ...

The Federal Reserve is considering ending paper check processing as usage declines and fraud and costs rise, a move that ...

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 ...

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 ...