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Stripe Wins Appeal Invalidating Boom! Payments Patents

Jan. 13, 2021, 3:02 PM

Three patents owned by Boom! Payments for electronic transactions cover abstract ideas and thus aren’t eligible for legal protection, the U.S. Court of Appeals for the Federal Circuit ruled in a victory for Stripe.

  • The patents, for a way to confirm that a transaction has been consummated prior to releasing electronic payment, simply involve “steps of passing information back and forth by a computer” which fits the dictionary definition of payment escrow
  • Closely held Boom! had sued Stripe in federal court in California, but the judge said the concepts weren’t eligible for patent protection and the Federal Circuit affirmed that ...