An article relating to this blog post on Finextra:
MoneyGram ordered to pay Western Union $16.5m in patent case
A federal jury in Texas has ordered MoneyGram to pay rival outfit Western Union $16.53 million in damages for patent infringement.
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.