Blog article
See all stories ยป

An article relating to this blog post on Finextra:

Bank of America awarded patent for corporate card technology

Bank of America has been granted a patent for a new application that will enable clients to manage the available funds on corporate purchasing cards in real time.

See article

Not so fast....... Bank of America's patent is 7,319,986

Not so fast... 

" Including and distinguishing prior art in the patent application, which will be noted in a patent if and when a patent ultimately issues, entitles the patent holder to this tremendous presumptive advantage, by law. "

I took a look at Bank of America's patent -  7,319,986 issued Jan. 15, 2008. In BofA's patent, there was no mention of a prior art which was already issued a patent status in August of 2005 by USPTO, patent no. 6,931,382.

Bank of America's patent 7,319,986, claims no. 9 and 23 which provide the actual management/security/control of a card account (payment instrument) by allowing a cardholder to set limits which will then be 'tested' prior to authorizing a card transaction has already been cited as a claim in a patented prior art - No. 6,931,382, claim no. 7.


Inventor of Prior Art (Patent No. 6,931,382)



Comments: (0)

Now hiring