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MONEYGRAM ORDERED TO PAY WESTERN UNION $16.5M IN PATENT CASE. Interesting issue - the patent question. Unless Western Union created processes that were truely innovative, how can you get a patent for what is essentially a common business practice? That's just a little less absurd thant getting a patent on the wheel. I question the innovation behind Western Union's two step solution. Perhaps one can patent the process for preparing instant coffee - 1 teaspoon instant coffee in mug; add boiling water; add sweetener & milk according to preference; stir - think of the royalties at 1 cent a cup.
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Nauman Hassan Director at Paymentology
09 September
Joris Lochy Product Manager at Intix | Co-founder at Capilever
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Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
Alex Malyshev CEO, Co-founder at SDK.finance, FinTech software provider
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