Another one bites the dust – Federal Circuit rejects business method claim

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Abstract: The U.S. Supreme Court has long held that laws of nature, natural phenomena and abstract ideas — “no matter how groundbreaking, innovative or even brilliant” — aren’t patentable under Section 101. So, as this article explains, an appeals court wasn’t impressed by a patent that claimed methods and machine-readable media encoded to perform steps for guaranteeing a party’s performance of its end of an online transaction. The court concluded that the invocation of computers added no inventive concept to the idea of a transaction performance guaranty. Alice Corp. Pty. Ltd. v. CLS Bank Int’l, No. 13-298, June 19, 2014 (Supreme Court) buySAFE, Inc. v. Google, Inc., No. 2013-1575, Sept. 3, 2014 (Fed. Cir.)