Business practices no longer patentable in the US
31 Oct, 2008 11:03
This ruling is going to have a huge impact on the financial and software industries if it's not overturned on appeal (which I hope it isn't). Interesting to see that State
Street Bank started the questionable process of patenting business practices. Personally I think it's a good thing to put these to the (common sense) test before the patent is granted.
Otherwise you end up with the blatantly ridiculous - like
Bank of America trying to patent offshoring as a business concept.