USPTO Panel Nixes Savings Patent In BofA Row

Law360, New York (September 19, 2011, 6:02 PM EDT) -- A U.S. Patent and Trademark Office appeals panel on Monday affirmed the rejection of a patent that covers automatic financial account transfers and that has been central to litigation over Bank of America NA's "Keep the Change" savings program.

Barton Patent 533 LLC, inventor Blain Barton's company, alleged in a lawsuit filed in Missouri federal court that its patent was infringed by the program, which rounds up to the nearest dollar the amount of every purchase account holders make with their Bank of America credit cards,...
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