Working Paper No. 07-21 Business Method Patents for U.s. Financial Services
نویسنده
چکیده
Nearly a decade after the Federal Circuit decision in State Street, patents on computerimplemented methods of doing business have become commonplace. To date, there is little evidence of any effect on the rate of innovation or R&D among firms in financial services. Indeed, measuring such effects presents difficult problems for researchers. We do know that some of these patents are successfully licensed and others are the subject of ongoing litigation. Looking ahead, a number of recent Supreme Court decisions are likely to have a significant effect on how business method patents are enforced. Congress is also considering significant reforms to U.S. patent law. JEL Codes: O31, O34, G20
منابع مشابه
Ten Years After: What Are the Effects of Business Method Patents in Financial Services? (Third Quarter 2008 Business Review)
*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. n recent years, the courts have determined that business methods can be patented and the United States Patent and Trademark Office has granted some 12,000 patents of this sort. Has the availability of patents for business methods...
متن کاملNber Working Paper Series Financial Patenting in Europe
We take a first look at financial patents at the European Patent Office (EPO). As is the case at the US Patent and Trademark Office (USPTO), the number of financial patents in Europe has increased significantly in parallel with significant changes in payment and financial systems. Scholars have argued that financial patents, like other business methods patents, have low value and are owned for ...
متن کاملThe New Development Trend of Chinese-funded Banks and Internet Financial Enterprises from Patent Perspective
Relying on the perfect integration of Internet technology, new business format and financial services, the Internet finance is developing at an unexpected speed, bringing impacts to Chinese-funded banks in the traditional business and emerging areas such as customization. Based on the preliminary study of the close contact between Chinese-funded banks and Internet financial enterprises as well ...
متن کاملCustomer Orientation and Business Performance of Financial Institution: A Case Study of Eastern Hararghe Commercial Bank of Ethiopia
The main objective of the paper is to investigate customer treatment, financial efficiency and supporting customer services with modern banking technology in financial institutions. The customer orientation and business performance of financial institutions targets customer services to maintain long term mutual relationships. The findings of the study has direct practical relevance for the bank...
متن کاملتحقیقی پیرامون ویژگیهای کسب و کارهای زنان کارآفرین تحصیل کرده دانشگاهی و مشکلات آنان در راهاندازی کسب و کار
Entrepreneurship is a new phenomenon in Iran and the research on this subject especially in women entrepreneurship is very limited. In most of the entrepreneurship researchs, access to suitable financial and information resources, a balance between business and family, and attraction of the others' confidence have been considered among the women entrepreneurs' problems and obstacles in starting...
متن کامل