Mobile money vendor PayOne has filed a patent infringement lawsuit against Home Depot over the retail giant's use of PayPal's in-store checkout technology.
Unless the banking industry (and that includes PayPal as they hold customers deposits) and retailers can agree on a single standard for the next generation of payments, whether at the point of sale or remotely, all the current activity surrounding mobile
wallets, mobile payments and the like are doomed to failure. Suing for patent infringements is simply driving another nail into the coffin.
After watching this developing morass my money is firmly on that old stalwart – the plastic card!
Why sue Home Depot and not PayPal? Isn't it PayPal's POS technology which PayOne claims to have the patent on?
@StanleyE: +1. According to this research report on retail payments released by RSR Research a couple of days ago, retailers are thoroughly frustrated
with the multiple directions in which the present stakeholders are pulling mobile payments and have reacted by not making any budgetary allocations for any new form of payments as of now. So, plastic is going to be around for a while!
@MichaelK: If, indeed, PayPal has infringed PayOne's patent, it's likely to have known long ago that it was doing so, and would have likely already prepared a defence in anticipation of a potential lawsuit by PayOne in future. On the other hand, this infringement
might come as a total shock to Home Depot. Besides, Home Depot is a FORTUNE 500 company with lot more "rep to protect" as against PayPal which is used to listening to irate merchants on a daily basis without getting bothered in the least bit. As a result,
it would seem logical that PayOne chose to go after Home Depot rather than PayPal. And, why not, since patent owners are legally permitted to sue the buyer, not just the infringer.
Excellent salary with uncapped commissionMilton Keynes
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