ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Legal

Two Intellectual Ventures Banking Patents Invalidated Under Alice

September 2, 2015
Reading Time: 1 min read

Case: Intellectual Ventures I LLC et al. v. Capital One Financial Corp. et al.

Issue: Whether two mobile banking patents held by Intellectual Ventures I LLC are too abstract for patent eligibility.

Case Summary: A Maryland federal district court invalidated two mobile banking patents held by Intellectual Ventures I LLC, holding the patents were too abstract under the U.S. Supreme Court’s Alice decision in its patent infringement case against Capital One Financial Corp.

Intellectual Ventures sued Capital One alleging that the bank’s websites use technologies that infringe on its patents. The first disputed patent (’81 Patent) is based on an apparatus that organizes, displays and manipulates data pertaining to business documents, and the second disputed patent (’02 Patent) is based on a mobile interface that locates files and data on another computer. Capital One filed a motion for summary judgment contending that the patents are invalid because they are too abstract.

On May 12, 2015, the special master determined that the patents were valid and recommended that the district court dismiss Capital One’s arguments. The special master found the patents were not abstract because their use of the mobile interface was legitimate to accomplish the inventions.

The district court rejected the special master’s recommendation and invalidated the patents on the basis that they claim abstract ideas under the U.S. Supreme Court’s Alice decision. The court described the patents as lacking an inventive concept to make the abstract ideas patent eligible, similar to the idea of using an index, directory or address book to find information and then going to that location to obtain the information.

Bottom Line: The decision leaves only Capital One’s antitrust counterclaims to be resolved.

Tags: FintechPatent reform
ShareTweetPin

Author

Thomas Pinder

Thomas Pinder

Thomas Pinder is senior vice president and deputy general counsel at ABA.

Related Posts

Mortgage rates fall

Mortgage rates rise

Economy
April 30, 2026

The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.64%.

A modern way to think about modernization

A modern way to think about modernization

Technology
April 30, 2026

Tech transformation isn’t one and done. Progressive modernization puts banks on a footing of constant innovation and strategic change.

FCC grants ABA-requested extension of ‘revoke all’ rule’s effective date

FCC proposes overhaul of voice service provider regulations to fight illegal calls

Compliance and Risk
April 30, 2026

The FCC unanimously voted to move forward with proposed rulemaking to impose stronger “know your customer” requirements on voice service providers that originate calls. In addition, the FCC plans to soon take up a related proposal to remove...

State bankers associations urge Congress to help struggling farmers

House passes Farm Bill

Ag Banking
April 30, 2026

The House voted 224-200 in favor of its version of the Farm Bill, sending the legislation to the Senate.

CFPB claims ‘complex’ pricing drives up cost of financial products

CFPB finalizes streamlined small-business lending data rule

Compliance and Risk
April 30, 2026

The CFPB has finalized revisions to its small-business lending data rule to scale back the scope of data collection, according to a notice in the Federal Register.

ABA, BPI seek transparency around Fed stress tests

Congressional Democrats accuse Fed of ‘gutting’ stress tests

Compliance and Risk
April 30, 2026

The top Democrats on the House and Senate banking committees are accusing the Federal Reserve of dismantling the stress test framework by seeking to make the process more transparent.

NEWSBYTES

Mortgage rates rise

April 30, 2026

FCC proposes overhaul of voice service provider regulations to fight illegal calls

April 30, 2026

House passes Farm Bill

April 30, 2026

SPONSORED CONTENT

Digital Account Opening: Think Outside the Box for Maximum Business Impact

Digital Account Opening: Think Outside the Box for Maximum Business Impact

April 29, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Why Your Systems Keep Slowing Down — and What to Do About It

April 21, 2026
Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

How leading banks are enhancing customer engagement through financial data insights

April 10, 2026
Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.

Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.

April 1, 2026

PODCASTS

Podcast: Tech transformation and AI to power bank growth

April 29, 2026

Podcast: ABA’s ecosystem strategy to tackle fraud

April 22, 2026

Podcast: Capitalizing on opportunities to serve high-net-worth clients

April 9, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.